insurance policy News

Anchorage School District Weighing Cost of Earthquake Relief

ANCHORAGE, Alaska — Negotiations between the Anchorage School District and the federal government over earthquake damage relief could result in the district turning down millions in funds, an official said. The negotiations over money to repair damage caused by the …

Federal Judge Issues Rare Summary Judgment Finding Insurer Acted in Bad Faith

A federal judge in Pennsylvania decided to skip the jury and ruled based on the facts presented in briefings that GuideOne Insurance acted in bad faith by sitting on a church’s property damage claim for six months. U.S. District Judge …

Connecticut City Loses Insurance Policy in Wrongful Imprisonment

Hartford, Conn., officials say they cannot find a 30-year-old insurance policy that could play a key role in any damages or settlement the city would have to pay in a lawsuit filed by a man wrongly imprisoned for murder for …

Indiana Firm Ordered to Uphold Insurance Policies for Toxic Site Cleanup

A public television station has won a court battle over insurance policies that could pay for cleaning up contamination at the site of a shuttered Evansville, Indiana, dry-cleaning business. Judge Richard D’Amour ordered Red Ink Management LLC on Wednesday to …

Lloyd’s Offers Business Interruption Coverage for Suspended Amazon Sellers

Like many people who make their living selling stuff on Amazon.com Inc., Rob Griffin is terrified of getting kicked off the site. Two years ago the Atlanta resident was suspended for selling a banned health supplement and wound up living …

Many Businesses Don’t Have Enough Insurance to Cover Disaster-Related Losses

A fire at the gun shop next door never reached Kathy Laurienti’s sausage and specialty food store, but the water and smoke damage was enough to shut her business down. Because Laurienti didn’t have enough insurance, it’s still closed – …

Insurance Issues Delay New Tram Service in Atlantic City

Insurance issues have temporarily put the brakes on a new tram system that will shuttle passengers along the Atlantic City Boardwalk. B&B Parking was scheduled to start the service Sunday under the name Boardwalk Transfer. But the company says it …

Fire Caused $15M Damage to Wisconsin Government Building

State officials say a fire in a Madison, Wis., government building in May caused about $15 million in damage. The Madison Fire Department initially estimated the damage at $350,000. But the state Department of Administration released a statement Thursday saying …

Washington Homeowner Fights to Keep Treehouse

Zeb Postelwait always wanted to build a treehouse for his sons. He got the chance last summer after moving into a Wenatchee, Wash., home with a big tree in the front yard. Two months later he received his first notice …

Policy Helps Alabama Store Refund $70K After Super Bowl

Customers of a Birmingham, Ala., jeweler are getting about $70,000 in refunds because of the Super Bowl. Jeff Dennis Jewelers in Gardendale ran a promotion offering a cash refund on purchases if either Denver or Seattle scored a safety during …