Arkansas News

Spring Storms Hammer Arkansas, Oklahoma and Texas

Damage estimates continue to pile up Texas, Oklahoma and Arkansas have been hammered numerous times this Spring with violent storms that produced tornadoes, hail, heavy rain and floods, and the damages are mounting. Preliminary damage from an April 8 Oklahoma …

AAA Study Pegs Cost of U.S. Traffic Crashes at $1,051 Per Person

Traffic crashes cost American motorists more than $160 billion a year while inflicting a staggering per-person toll on small cities such as Little Rock, Ark., Columbia, S.C., and Pensacola, Fla., according to an American Automobile Association (AAA) research report. The …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …

Study: Workers’ Comp Costs Per Claim in North Carolina Rising Rapidly

Workers’ compensation costs per claim in North Carolina grew 6-14 percent annually throughout the study period, according to the Workers Compensation Research Institute. The Cambridge, Mass.-based WCRI study of 14 states found that double-digit growth in medical costs per claim …

Mississippi Insurance Commissioner: Check Policy for Earthquake Coverage

The earthquake that struck the Midwest today should serve as a reminder to many Mississippians that they too are at risk for earthquake damage. Mississippi Commissioner of Insurance Mike Chaney urges all Mississippians to check their homeowner policy for earthquake …

Ark. Gov.: Agricultural Damage Heavy After Persistent Flooding

Arkansas’ emergency management chief says rising flood waters may undo the cleanup and repairs some homes and regions have already completed after more than a month of flooding. “Some areas we’ve surveyed we’ll have to go back and redo because …

Rains Continue to Swell Mississippi River, Force Evacuations

With a quarter million acres of farmland already under water and scores of residents forced from their homes, predictions now call for the Mississippi River to crest late this week at levels not seen since the 1973 flood. Continuing heavy …

Judge Approves $4.5M Settlement Against Tyson Foods Directors

A Delaware Chancery Court judge has approved the settlement of a shareholder lawsuit against directors and executives of Tyson Foods but reserved judgment in a dispute over attorney’s fees. The settlement approved by Chancellor William Chandler III calls for Don …

Ark., Okla., Texas Hammered with Storms; Damage Estimates Mount

An insurance industry trade organization estimates that preliminary damage from an April 8 Oklahoma hail storm has risen to $15 million and cautioned losses could increase significantly. Meanwhile, Northern Texas, Oklahoma and Arkansas continued to be hammered with violent storms …

With 2 Counties Added, Arkansas Disaster List Rises to 46

Two more counties were added April 7 to the state list of disaster areas from severe weather that has beset Arkansas. Gov. Mike Beebe added Lonoke and Pike counties for damage sustained in last week’s severe weather. A total of …