Latest News in Home Insurance – Sept 06, 2011
Wm. Gallagher Appoints Bardelli Sr. VP for Property/Casualty
Boston-based broker and service provider William Gallagher Associates (WGA) announced that David Bardelli has joined the firm as a Senior Vice President in the Property & Casualty Practice. He will serve as the new Casualty Practice Leader, providing resources to …
IBM has agreed to acquire Algorithmics for $387 million. Algorithmics is a risk analytics firm with operations in Toronto, Canada. The company’s risk analytics software and advisory services are used by banks, investment and insurance businesses to help assess risk, …
Jury Awards Student $50K in Tennessee University Rape case
A federal jury last Friday ruled for a former student at Sewanee: The University of The South but decided the college won’t have to pay him millions of dollars sought in a lawsuit over a campus rape accusation. The jury …
Michigan Investigation of Detroit?s Wind-Swept Fires Still Underway
State officials are still investigating the causes behind wind-swept fires that burned last year in a number of Detroit neighborhoods, and the response by a city utility to reports of power outages and downed wires. The Michigan Public Service Commission, …
North Carolina Defends Workplace Safety Record as Inspections Drop
Twenty years after the worst industrial accident in North Carolina history, there are signs that progress in worker safety made after the deaths of 25 people in a chicken plant fire is beginning to wane. The Charlotte Observer reported Sunday …
Alfa Raising Rates for Alabama Homeowners
Alfa Mutual Group has raised insurance rates for homeowners by 20 percent across Alabama, with bigger increases for landlord and farm policies. Charles Angell, the state’s actuary, said the increase isn’t designed to make up for losses from the tornadoes …
Connecticut Asks Insurers to Waive Storm Deductibles for Irene Damages
Connecticut is negotiating with several insurance companies to waive hurricane policy deductibles for coastal homeowners whose properties were damaged or destroyed by Tropical Storm Irene, Gov. Dannel P. Malloy said. Malloy said 244 homes had been deemed to be destroyed …
Tennessee Supreme Court Hears General Contractor Liability Case
The Tennessee Supreme Court is considering a case that could change a homeowner’s ability to recover damages when a subcontractor botches a home repair or remodeling job. The case involves a Hamilton County couple whose house was destroyed by a …
Hurricane Katia Now Expected to Miss East Coast
Hurricane Katia powered up to a major Category 4 storm Monday, but was expected to veer away from the U.S. East Coast later this week, avoiding a direct hit on a seaboard already battered by Hurricane Irene. The U.S. National …
States Offer U.S. Banks Deal Over Mortgage Lawsuits: Financial Times
Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday. The talks …
