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Cyclone Heidi Shuts Australian Iron Ore Ports, Oil Fields

A tropical cyclone bearing down on Western Australia forced the closure of some of the world’s largest iron ore ports and several offshore oil fields on Wednesday, the first major series of shutdowns in what is forecast to be a …

Report Says Mafia Now ‘Italy’s No.1 Bank’ as Economic Crisis Bites

Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country’s biggest “bank” and squeezing the life out of thousands of small firms, according to a report on Tuesday. Extortionate lending by …

Lawsuit Claims Hazing on Mississippi High School Baseball Team

Members of a south Mississippi high school baseball team participated in a hazing ritual that left one teenager hospitalized after being held from behind and punched in the chest, according to a lawsuit filed by the player’s parents. The lawsuit …

California Department of Insurance: $54 Million Recovered in 2011

The California Department of Insurance recovered more than $54 million for consumers through consumer complaint investigations and market conduct examinations of insurance companies in 2011, California Insurance Commissioner Dave Jones announced on Tuesday. The department’s consumer services and market conduct …

Bolton & Company Acquires Pacific General Insurance Services

Pasadena, Calif.-based Bolton & Company has acquired Pacific General Insurance Services, an independent insurance agency providing insurance services in the San Gabriel Valley area. As part of the transaction, Pacific General Insurance Services President Mike Martin will join Bolton & …

‘Swamp People’ Star Sues Over Use of Sayings

Troy Landry from The History Channel’s “Swamp People” is accusing three companies of profiting from his “Choot Em” and other trademark-protected catch-phrases. A federal lawsuit filed in Lafayette this week accuses Halpern Import Co., National Cap and Sportswear, and Ripple …

Nebraska to Opt Out of Nonadmitted Insurance Multistate Agreement

Nebraska insurance regulators have notified the governing committee of the Nonadmitted Insurance Multistate Agreement (NIMA) that the state intends to withdraw from the agreement effective March 5, 2012. Bruce Ramge, director of the Nebraska Department of Insurance, on Jan. 4 …

Aon Benfield 2011 Catastrophe Study: $107 Bn Insured Losses; $435 Bn Economic

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued its “Annual Global Climate and Catastrophe Report,” which aggregates and analyses the natural disaster perils that occurred worldwide during 2011, which concludes that the impact of …

Fire That Destroyed 6 Washington Businesses Started in Tanning Bed

The fire that destroyed a building with six businesses in Silverdale apparently started with an exploding light in a tanning bed. Central Kitsap Fire and Rescue says the fire spread rapidly Sunday afternoon through the building that had no sprinklers. …

County In Utah Pays $144k To Family Of Inmate Who Starved

Salt Lake County is paying $144,000 to settle a federal lawsuit with the family of a 19-year-old Magna man who starved to death last year in the county’s jail. District Attorney Sam Gill disclosed the amount to be paid to …

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