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

Feds Offer Low-Interest Loans to Fix Mass. Tornado Damage

The federal Small Business Administration is offering low-interest loans to Massachusetts residents and businesses to repair property damage from the tornado that hit Revere on July 28. The tornado brought winds of up to 120 mph and was deemed an …

N.Y. Uber Drivers Flock to Hamptons for Summer ‘Pop-Up’ Market

Like many New York City dwellers, Adam Cosentino’s summer ritual includes making the 100-mile trek to the beach towns of the Hamptons every weekend. The 43-year-old isn’t making the journey to play with the rich and famous, who regularly dot …

Small Businesses to Commercial Insurers: ‘You’ve Lost That Loving Feeling’

Insurers writing predominantly personal lines of insurance do a better job in satisfying their small business customers than insurers focused more on commercial lines, a new survey contends. According to the J.D. Power 2014 U.S. Small Business Commercial Insurance Study …

Salmonella Testing Not Required by Food Safety Law, Georgia Jurors Told

Jurors at the nation’s first federal criminal trial stemming from a deadly outbreak of food-borne illness are learning a disconcerting fact: America’s food safety largely depends on the honor system. Witnesses say Stewart Parnell and others at Peanut Corporation of …

Food Company Wins Religious Exemption from Contraception Benefit

Fresh Unlimited Inc. won’t have to provide contraceptive coverage for its employees under the Obama administration’s healthcare reform law, in what may be the first exemption granted since a June U.S. Supreme Court ruling. The parent of Freshway Foods on …

West Virginia Seeks $1.8M from Bankrupt Freedom Industries for Spill

The state of West Virginia is seeking $1.8 million from the bankrupt company that spilled chemicals into the state’s largest water supply. Attorney General Patrick Morrisey filed the claim in bankruptcy court in Charleston. The claim against Freedom Industries covers …

CCRIF/Swiss Re Offer Caribbean Governments Insurance against Excess Rainfall

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that eight of its members have become the first countries to purchase its excess rainfall insurance coverage – for the 2014/2015 policy year. CCRIF developed the program in conjunction with Swiss Re. …

Weakened Typhoon Halong Lashes Japan; 1 Dead, Dozens Hurt

A tropical storm was moving out into the Sea of Japan on Sunday after lashing the country with rain and winds, leaving one person dead, more than 50 injured and prompting evacuation alerts for about 1.2 million residents near swollen …

Iranian Passenger Plane Crashes Killing 48

An Iranian passenger plane crashed Sunday while taking off from an airport near the capital, Tehran, killing 48 people onboard, state media reported. The aircraft, an Iran-140 typically used for short domestic flights, crashed near Mehrabad airport, west of Tehran, …

ABI Says Reducing Whiplash Costs Key to Lower Auto Premiums

“Tackling the cost of whiplash claims is essential to ensure UK motorists continue to benefit from lower average motor insurance premiums,” The Association of British Insurers said in a bulletin. According to the ABI’s latest quarterly average private comprehensive motor …