Monthly Archives: <span>July 2010</span>

Iowan to Use Insanity Defense in Insurer Embezzlement Case

A woman accused of embezzling nearly $6 million from West Des Moines, Iowa, insurer Aviva USA will use an insanity defense. Phyllis Stevens’ attorney, William Kutmus, gave notice in court documents filed in U.S. District Court in Des Moines. Stevens …

Illinois Law Requires Automatic Fire Sprinklers in Fraternities, Sororities

College fraternities and sororities will need to install automatic fire sprinkler systems under a new Illinois law. The bill signed by Gov. Quinn requires new fraternity and sorority buildings built after Jan. 1, 2011 to have the systems. Older fraternities …

Flooded Iowa County Did not Join Flood Insurance Plan

Homes and businesses affected by the Lake Delhi flood in Iowa will not be immediately eligible for federal financial assistance because Delaware County ignored repeated pleas to join the National Flood Insurance Program, a program coordinator said. However, that could …

Texas Mutual Pays $100M in Policyholder Dividends

Texas Mutual Insurance Co. began distributing $100 million in workers’ compensation dividends among approximately 38,000 policyholders. Dividends reward loyal policyholders who share Texas Mutual’s commitment to workplace safety. Texas Mutual has paid $850 million in dividends during the past 12 …

S&P Raises Arch Capital Group’s Ratings to ‘A-‘; Outlook Stable

Standard & Poor’s Ratings Services has raised its counterparty credit rating on Arch Capital Group Ltd. to ‘A-‘ from ‘BBB+’. S&P also raised its counterparty credit and financial strength ratings on Arch Capital’s operating insurance and reinsurance companies to ‘A+’ …

Japan Supertanker Probe Reveals Crash Impact

A Japanese supertanker, which triggered fears of an attack in the sensitive Strait of Hormuz oil shipping route, collided with something, possibly a submarine or mine, UAE port officials inspecting the ship said on Thursday. Damage to the massive crude …

Oil Pipeline Leak Pollutes Michigan River Near Great Lakes

Southern Michigan residents are learning that devastating oil spills aren’t limited to the Gulf Coast. Crews were working July 28 to contain and clean up an estimated 877,000 gallons of oil that coated birds and fish as it poured into …

Crews Work to Cap New Oil Leak Along Louisiana’s Coast

Crews are working to cap a new oil leak in a Louisiana coastal inlet after a barge slammed into an abandoned well on July 27, sending a shower of water, natural gas and oil spewing about 100 into the air. …

Pennsylvania Furniture Store Fire Was Arson, Police Say

A state police fire marshal says arson is to blame for a fire that caused more than $2 million damage at a landmark furniture store in western Pennsylvania. Rustic Acres Furniture in White Township, Indiana County, burned on July 1. …

Massachusetts Court Changes Slip-and-Fall Liability

In a decision that changes nearly a century’s worth of case law, Massachusetts highest court has ruled that property owners can be held liable for snow-related injuries — regardless of whether plows cleared the snow. For more than 100 years, …