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

Firefighters Get Upper Hand on 2 New Jersey Forest Fires

Firefighters gained the upper hand on two forest fires burning in the southern New Jersey Pinelands on Wednesday, with both blazes not expected to grow. The fires in Bass River Township and Winslow Township were not officially contained, but the …

Survey: Public Opposes Allowing Policyholder Suits Against Insurers

A majority of Americans believe that laws allowing people to sue their own auto insurance company for punitive damages, in addition to receiving benefits for their insured claim losses, are not a good idea. New public opinion survey findings from …

Calif. Wildfires Burn 30-Plus Homes, Threaten 150

Two wildfires that erupted and spread quickly near the Mojave Desert have destroyed dozens of homes and forced evacuations in remote areas of California as hundreds of firefighters work to contain the flames. The most destructive of the fires was …

Oregon Finance, Insurance Industry Had Second-Lowest Claims Rate

Oregon’s Department of Business and Consumer Services has reported that in 2009, there were 1.2 accepted disabling claims for every 100 employees, which was the same rate in 2008. However, the state noted that some industries, such as transportation and …

Best Lowers Business Alliance Ratings after Adverse Court Decision

A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit rating to “bbb-” from “bbb” of San Bruno-based Business Alliance Insurance Company (BAIC). Best also placed the ratings under review with negative …

North Carolina Mother, Daughter Charged with Insurance Fraud

A Winterville, North Carolina mother and daughter have been accused of conspiring with one another to alter medical bills and submit them to Farm Bureau Insurance Co. They received $1,264 as a result of these claims, officials allege. Insurance Commissioner …

Ten Key Indicators Show ‘Global Warming is Undeniable’

Melting glaciers, more humid air and eight other key indicators, show that global warming is undeniable, scientists said Wednesday, citing a new comprehensive review of the last decade of climate data. Without addressing why this is happening, the researchers said …

Why Do Some Tropical Storms Become Hurricanes and Others Don’t?

Scientists are launching a major field project next month in the tropical Atlantic Ocean to solve a central mystery of hurricanes: why do certain clusters of tropical thunderstorms grow into the often-deadly storms while many others dissipate? The results should …

Hawaii Gov. Selects Ito as Insurance Commissioner

Hawaii Gov. Linda Lingle has selected Gordon Ito as insurance commissioner to oversee the state’s Department of Commerce and Consumer Affairs, Insurance Division. As head of the Insurance Division, Ito will oversee the insurance industry in Hawaii, which writes $4.5 …

How Claims Service Cultivated Insurance for Trees, Landscapes

A seed that was planted when one of the owners discovered that a medium-sized tree on his property would cost as much as $10,000 to replace, and that there was not sufficient insurance for it, has blossomed into a national …