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West Virginia Adopts Safety Measures, Video Monitoring for New Schools

New schools built in West Virginia will be required to have shatter-proof glass and exterior door alarms. The requirements are among several safety measures approved by the West Virginia School Building Authority during a meeting at Spring Mills Primary School …

Button Named London Market Chief Underwriting Officer for HCC International

HCC Insurance Holdings Inc. has p[romoted of Simon Button to chief underwriting officer for HCC International Insurance Co. PLC and Lloyd’s Syndicate 4141, reporting to HCC International’s Chief Executive Officer Barry J. Cook. Button started with HCC in 2000. He …

Farmers, Safety Group Sue Monsanto Over Biotech Wheat

American wheat farmers and a food safety advocacy group filed a lawsuit Thursday against biotech seed developer Monsanto Co., accusing the company of failing to protect the U.S. wheat market from contamination by its unauthorized wheat. The petition, filed in …

S&P Wins Transfer of Ratings Lawsuits by States to Federal Court in New York

Standard & Poor’s and its parent company McGraw Hill Financial Inc. on Thursday won a ruling that moves 15 lawsuits in which they were accused of fraudulently inflating credit ratings to a single federal court. The U.S. Judicial Panel on …

Insured Losses from Europe Floods Estimated at $2.65B, Less Than in 2002

The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ago even as the toll on local economies looms larger. Insured losses may reach 2 billion …

China: Company Bears ‘Unshirkable Responsibility’ for Deadly Poultry Plant Blaze

Safety management at the Chinese firm whose poultry slaughterhouse caught fire earlier this week killing 120 people was a “total mess” and two senior executives have been detained by the authorities, state media said on Thursday. The local government is …

Oklahoma Supreme Court Invalidates Civil Justice Law

A civil justice reform measure hailed in 2009 as the most comprehensive bill to ever affect Oklahoma’s legal system has been declared unconstitutional by the Oklahoma Supreme Court. In a 7-2 decision, the state’s highest court declared that the law, …

Tropical Storm Andrea Weakens Over Florida After Fueling Tornadoes

Tropical Storm Andrea lost strength as it passed over northern Florida on Thursday evening and is forecast to drench much of the U.S. Southeast with heavy rain as it cuts across Georgia and swing up the Atlantic Coast, the National …

La Nina More Likely Than El Nino in Northern Summer: Forecaster

The U.S. government weather forecaster on Thursday predicted that extreme conditions are unlikely through the Northern Hemisphere summer, with the La Nina pattern more likely to develop than its more infamous counterpart, El Nino. In its monthly report based on …

SIAA Adds Six Agencies in West in May

The Strategic Insurance Agency Alliance signed six new agencies in the West in May, which brings SIAA’s total for the month to 30 new member agencies. May’s new West members include: Clear Lakes Agency of Buhl, Idaho; MEB Insurance Services …

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