Monthly Archives: <span>February 2019</span>

Lawmaker: West Virginia Paying Insurance for 4K Vehicles It Doesn’t Own

A West Virginia lawmaker says the state has been paying insurance on thousands of vehicles than it doesn’t actually own. House of Delegates committee on government organization chairman Gary Howell announced last week the state’s current vehicle fleet totals 8,380. …

New Beazley Environmental Liability Coverage Targets Banks, Lenders

Specialist insurer Beazley has launched site lender environmental asset protection (SLEAP) cover to protect banks and other lenders from pollution risks that could seriously impair the value of property used as collateral for commercial loans. In the event of both …

CNA Reports Q4 Loss on Catastrophes, Investments

Catastrophe claims and a disappointing investment performance drove commercial lines insurer CNA Financial Corp. to an $84 million loss in the fourth quarter of 2018. The quarter’s $84 million net loss compare to $223 million in net income in the …

Brexit Uncertainties Create Potential Legal Nightmare for UK Exporters

Business is brisk at Nim’s Fruit Crisps. Pineapples are imported from Costa Rica, kiwis from Italy and oranges and lemons from Spain. They’re then turned into healthy snacks for export to Israel, South Africa, Hong Kong and elsewhere. You wouldn’t …

West Virginia City Investigating More Suspicious Blazes

Firefighters in West Virginia are investigating two more suspicious blazes in Huntington, for a total of 13 since the beginning of the year. The Herald-Dispatch reports one fire reported on Thursday occurred at a home where the family had been …

Michigan Court Revives Dispute with Car Maker over $100K Porsche

Was a $100,000 Porsche a lemon? The Michigan appeals court says a Kent County woman will get a second chance to make her case with a jury. Jane Meyering bought a new Porsche Cayenne in 2015, but she sued after …

Causey Schedules Hearing to Settle Rate Dispute with North Carolina Insurers

In response to a filing by North Carolina insurers for a 17.4 percent rate increase in homeowners insurance rates, North Carolina Insurance Commissioner Mike Causey has set a Sept. 4, 2019 hearing date, saying he does not think the rate …

Insurance Department Recovered $12.8 M for Arkansans in 2018

The Arkansas Insurance Department in 2018 secured an additional $12,836,501 in recoveries and restitution for insurance consumers, Insurance Commissioner Allen Kerr announced. The Consumer Services Division (CSD) recovered $8,860,187 for consumers last year — a $6 million increase over 2017. …

Bills Would Improve Access to Medical Marijuana in North Dakota

As North Dakota’s Health Department enters the final stages of implementing a statewide distribution system for medical marijuana, state lawmakers are considering proposals that would make it easier for patients to get doctor approval for the drug. Medical marijuana advocates …

Fire at Phillips 66 Illinois Refinery Leads to Shut Down of CDU

The second largest crude distillation unit (CDU) was shut by a fire on Sunday at Phillips 66’s 330,000 barrel-per-day (bpd) joint-venture Wood River, Illinois, refinery, a source familiar with plant operations said. One person was taken to a local hospital …