IAG Updates Claims Estimates for Victoria Storms, NZ Quakes

The Insurance Australia Group has advised that its Australia Direct and CGU businesses have, “received approximately 20,000 claims following the hailstorms and related severe weather which occurred in Victoria around Christmas Day. The majority of claims relate to vehicle damage caused by hail, although there is also damage to homes and other buildings.” Managing director Mike Wilkins noted that the Group’s businesses, which distribute insurance predominantly under the RACV Insurance and CGU brands in Victoria, were focused on providing their customers with the help they need. “Our teams are working hard to assist our customers,” he stated

Injection Wells Shut Down After 4.0 Earthquake in Ohio

Officials said they believe the latest earthquake activity in northeast Ohio is related to the injection of wastewater into the ground near a fault line, creating enough pressure to cause seismic activity.

Alaskan Volcano Put on Alert

An explosion at a volcano in Alaska caused the U.S. Geological Survey to put out an alert. USGS detected a drifting ash cloud at the Cleveland Volcano, which is on an uninhabited island in the east central Aleutian Islands, in satellite images on Thursday, the office said

U.S. Company Sues Ex-Worker Over Twitter Followers

An Internet company is suing a former employee, saying he left the firm and took his 17,000 Twitter followers with him. PhoneDog LLC says Noah Kravitz owes them $340,000 because when Kravitz left to do freelance work, he changed his Twitter name from PhoneDog-Noah to noahkravitz, and kept his followers. He eventually went to work for a competitor

Maryland Court: Premium Financing Firms Overcharged Auto Policyholders

A Maryland court ruled last week that the state’s largest premium financing companies were engaged in illegal financing practices against auto insurance policyholders.

Attempt to Mediate West Virginia Monsanto Suit Fails

Another attempt to resolve a West Virginia class-action pollution lawsuit against Monsanto Co.

North Carolina Farm Bureau Weighs Cutback in Homeowners Policies

One of North Carolina’s largest homeowners’ insurers says it is considering canceling the coverage of up to 70,000 homeowners unless the state Legislature makes changes allowing it to charge higher rates. North Carolina Farm Bureau Executive Vice President Steve Carroll recently told state lawmakers that the insurer may have to cancel the policies in order to reduce its exposure and make its homeowners’ book of business profitable.

Ironshore Names Boren Head of U.S. Field Operations

Specialty insurer Ironshore Inc. has appointed Joseph L. Boren as executive vice president of Ironshore Insurance Holdings, LLC  and as president of U.S.

Internet Business Told to Stop Misrepresenting Kansas Health Exchange

An Internet business operating out of Washington state has been told to cease misrepresenting itself as linked to any official Kansas health insurance exchange. Kansas Commissioner of Insurance Sandy Praeger has ordered a halt to any Kansas references located on My HIX Insurance Exchange, as well as a telephone number linked with the site. Kansas Insurance Department (KID) officials said references were deleted from the website and confirmed by the apparent website administrator Nathan Nead of Maple Valley, Wash., after receiving the Dec

Uncommon December Tornado Hits Louisiana Hospital

An uncommon December tornado ripped off part of a hospital roof in a southwest Louisiana city, causing several patients to be evacuated, but no injuries. The National Weather Service said the weak tornado touched down at 8:25 a.m

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