August 3, 2009
The property/casualty insurance industry, whose employees do their share of volunteer work and whose financial contributions support many charities, occasionally finds itself involved involuntarily in efforts to improve communities. It might be a tribute to the vital role private insurance …
August 3, 2009
Officials in Huntington, West Virginia have agreed to temporarily delay a new ordinance that allows the city to withhold insurance payouts made on fire-damaged buildings. The law went into effect July 1 and is designed to prevent owners from taking …
August 3, 2009
Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year when 71 transactions …
August 3, 2009
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. Vacant Property Market Detail: American Management Corp. offers property protection to owners of residential and …
July 31, 2009
For at least five years before Rebecca Morlock noticed what she calls “a green goo” seeping out of the ground below a former zinc-smelting plant in the town of Spelter, water loaded with potentially toxic heavy metals was trickling into …
July 30, 2009
A truck operator killed at a West Virginia surface mine on Tuesday has been identified. State mine agency spokeswoman Jama Jarrett said Wednesday that 28-year-old Mark Gray of Belle died Tuesday when his truck backed into a sediment pond at …
July 29, 2009
A Michigan Supreme Court justice’s decision not to recuse herself from a case that pertains to her husband’s profession contradicts the spirit of a recent U.S. Supreme Court ruling on when judges should step aside because of possible conflicts of …
July 28, 2009
A state lawmaker is urging Huntington to scrap an ordinance that has prompted a court challenge to West Virginia’s experiment with home rule. Delegate Jim Morgan, a Cabell County Democrat, wants the city to withdraw a measure that allows Huntington …
July 21, 2009
A Memphis insurance claims firm wants the more than $1 million that it was supposed to receive from West Virginia, but that was instead diverted in an apparent Africa-based fraud scheme, state lawmakers learned recently. Legislative leaders attending an interim …
July 21, 2009
Property insurance companies in West Virginia are finding themselves caught between a rock and a hard place over an ordinance in the city of Huntington that forces them to pay funds on some total fire losses to the city rather …