Monthly Archives: <span>May 2014</span>

FEMA Mobile Hospital Opens in Tornado-Torn Mississippi City

The National Mobile Disaster Hospital has opened in a Mississippi city where the local hospital was heavily damaged by an April 28 tornado. It opened Monday in Louisville, and will be used until Winston Medical Center is rebuilt. Local physicians, …

Crews Fill Sinkhole at Tennessee Stadium

Construction crews in Tennessee are working to fill a sinkhole that opened at Austin Peay State University’s Governors Stadium. The Leaf-Chronicle reported the sinkhole started out small, about 3 feet by 5 feet, but workers have had to dig a …

Former Insurance Agents Johnson, Kingston Fare Well in Georgia Primary

A former insurance agent who has been active in Democratic Party politics has won her party’s primary for the Georgia insurance commissioner post and will face off against the incumbent Republican in the November election. Another former insurance agent did …

N.J. Awards $23.8M Contract to Build Steel Sea Wall in 2 Shore Towns

A northern New Jersey firm will get a $23.8 million contract to build a protective steel sea wall in two of the shore communities hardest hit by Superstorm Sandy. The state’s Environmental Protection Department announced the deal with EIC Associates …

New York AG Says AIG’s Lawsuit Is Bid to Hobble Unlicensed Sales Probe

New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top financial regulator, saying the insurer is trying to interfere with a probe of unlicensed overseas insurance sales. “The investigation of …

America’s Businesses Vexed by Medical, Legal, Tech Risks: Survey

Regardless of size, American businesses say medical cost inflation, legal liabilities and technology risks are among their top concerns, according to an annual Business Risk Index from Travelers. The survey polled more than 1,100 business decision makers on what they …

Chinese Hacking Raises Cyber Attack Disclosure Issue for Companies

Three U.S. public companies identified as Chinese hacking victims didn’t report the theft of trade secrets and other data to investors, despite rules designed to disclose significant events. Two of the companies — aluminum maker Alcoa Inc. and metals supplier …

Insurers Balk at High Cost of Specialty Drug

The leading U.S. health insurance trade group on Tuesday hit out at the extremely high cost of new specialty medicines, accusing drugmakers of taking advantage of the insurance system by pricing products at unsustainable levels. The latest salvo in the …

Ex-Players’ Injury Suit Alleges NFL ‘Culture of Drug Abuse’

Retired players including ex-Chicago Bears quarterback Jim McMahon accused the National Football League of using painkillers to mask injuries in a “culture of drug misuse,” expanding litigation over the damage former athletes suffered during their playing days. While thousands of …

Ratings Recap: HDI V.a.G/Talanx, TTB/TTI, Platinum Underwriters

A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit ratings of “a-” of Through Transport Mutual Insurance Association Limited (TTB) (Bermuda) and its subsidiary, TT Club Mutual Insurance Limited (TTI) (United Kingdom). TTB and …