Daily Archives: <span>July 30, 2015</span>

Is Climate Change Now Its Own Industry?

Interest in climate change is becoming an increasingly powerful economic driver, so much so that some see it as an industry in itself whose growth is driven in large part by policymaking. The $1.5 trillion global “climate change industry” grew …

Research Says Washington, D.C. Is Slowly Sinking Into the Ocean

New research says the land under the Chesapeake Bay region is sinking and projects that Washington, D.C., could drop by six or more inches in the next century — adding to the problems of sea-level rise. The research says the …

Corruption Trial of Ex-N.Y. Senate Leader Skelos and Son Set for November

Former New York Senate Majority Leader Dean Skelos pleaded not guilty to new charges that he demanded payments to his son Adam from the head of an insurance administrator seeking to push favorable legislation through Albany. Prosecutors claim Adam Skelos, …

Hanover Insurance Reports $120.7M Q2 Net Income

The Hanover Insurance Group Inc. in Worcester, Massachusetts, reported on July 29 net income of $120.7 million for its 2015 second quarter, up 46 percent from $82.6 million net income during last year’s second quarter. Net premiums written for the …

Study: Ongoing Recovery Efforts Take Mental Health Toll on Sandy Survivors

A new study says the lingering effects of Superstorm Sandy — in the form of unfinished repairs, disputed claims, and recurrent mold — are associated with increased odds of Sandy-impacted residents experiencing mental health distress, post-traumatic stress disorder (PTSD), and …

Driver in Deadly Indiana Bus Crash Had Suspended License: Police

A 6-year-old boy died and 11 others were hurt this week when their church bus overturned near Indianapolis in an accident that police said appeared to be the result of an error by a driver with a suspended license. The …

Cloudsurance Launches Insurance Program For Cloud Consumers

Cloudsurance has launched a cloud insurance program designed for modern cloud consumers. Cloudsurance is a cloud insurance program designed for cloud consumers and can help mitigate against the inherent risks of cloud computing, such as downtime, data loss and cyber-attack …

USDA Expects to Pay Farmers $191M for Bird Flu Losses

The federal government expects to spend $191 million to pay chicken and turkey farmers for birds lost to avian flu. U.S. Secretary of Agriculture Tom Vilsack says that’s in addition to the nearly $400 million spent on cleaning up dead …

Texas Approves 12 Companies to Self-Insure for Workers’ Comp

The Texas Department of Insurance’s Division of Workers’ Compensation (DWC) renewed approval for 12 employers to self-insure workers’ compensation claims. Together, the companies employ about 45,000 people in Texas. DWC renewed: ABF Freight System, Inc. Baptist Hospitals of Southeast Texas …

Worley Claims Services to Acquire Indiana-Based NCA Group

Hammond, La.-based insurance claims services provider, Worley Claims Services (Worley), is acquiring NCA Group Inc. (NCA), which provides daily and catastrophe residential and commercial property claims services throughout North America. NCA Group is headquartered in Indiana. Worley said the acquisition …