Hurricane Andrew tests insurers amid record catastrophe losses
Insurers face billions in storm claims as Hurricane Andrew adds to a year already marked by massive losses from the Los Angeles riots and other disasters. Despite high exposure in Florida, capital and reinsurance cushion the industry, with many firms sending claims teams to Miami and offering toll free lines to aid policyholders.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
Los Angeles
Insurance Information Institute
Florida
Sean Mooney
The
Institute
Mooney
A.M. Best Co
Ers
Wall Street
Michael Lewis
Dean Witter Reynolds Inc
Scott McIntyre Jr
United Fire & Casualty Co
Cedar Rapids
Andrew
Louisiana
New Orleans
McIntyre
Miami
Aetna Life & Casualty
Continental Insurance
Susan Ahley
Continental
Gulf of Mexico
National Weather Service
Alabama
Texas
South Carolina
U.S. Histo
Hugo
Kansas
Oklahoma
Geico Corp
Travelers Corp
Aetna
Cigna Corp
Oakland
Calif
Restaurant of dreams saves a New England farm
Russ Davenport turned his Berkshire Mountains dairy into Davenport Maple Farm Restaurant attracting diners from 42 states and 10 countries. The full menu eatery keeps four families on a 400 acre farm while most products come from the farm. Davenport also serves as town selectman and promotes farm diversification amid market gluts.
MENTIONED IN THIS ARTICLE
Shelburne
Mass
Russ Davenport
Davenport
Davenport Maple Farm
Kevin Costner
Berkshire Mountains
Springfield
Norman Evans
Dunn
AP Photo Russ
Martha Davenport
Massachusetts
Burger King chief reshapes chain across 43 countries
Barry Gibbons, chairman and CEO, outlines a bold plan to standardize a core menu while testing regional and new items from Costa Rica to Singapore. He shifted 850 managers, ousted underperforming franchises, and improved profits with 13 percent rise to 85 million in six months.
MENTIONED IN THIS ARTICLE
Gibbons
Burger King
Grand Metropolitan PLC
Pillsbury Inc
Costa Rica
Singapore
Ian Martin
Grand Met
James B. Adamson
USA
Pillsbury
Miami
Shell
Whitbread
Farmland Industries Sued Over Defunct Co-op Fraud Case
A class action filed in Denver alleges Farmland Industries used a complex scheme to defraud about 100 defunct co-ops across 12 states of 17 million dollars in stock dividends. Lead plaintiff Consumers Gas & Oil Inc. contends Farmland withheld cash dividends and favored large members.
MENTIONED IN THIS ARTICLE
Grand Junction
Colo
Delta
Farmland Industries
Kansas City
U.S
Denver
Frank Taylor
Minneapolis
Farmland
Sherman Finesilver
Iowa
Nebraska
Kansas
Illinois
Consumers Gas & Oil Inc
Colorado
Consumers Gas & Oil
Consumer Gas & Oil
TWA Signs Pact With Unions as Bankruptcy Cure Near
Trans World Airlines reached agreements with its Machinists and other unions on a worker and creditor buyout as it moves toward a reorganization plan. Pilots linger on details while flight attendants already settled. A key pension insurer is nearing a settlement as talks continue.
MENTIONED IN THIS ARTICLE
New York
Trans World Airlines
TWA
David Berkley
Berkley
U.S. Bankruptcy Court
Wilmington
Del
Notice of Sale of Storage Unit Contents Cedar Rapids Iowa
Pursuant to the Iowa Self-Storage Facility Lien Act 3350 Southgate Court S W Cedar Rapids Iowa the sale of tenants property opens with sealed bids due by 11 00 A M September 10 1992. Items include Yamaha motorcycle deep freezer television dehumidifier bumper pool table fans bikes bar stools safe and misc. Auction notice published in the Slapices Gazette August 25 and September 1 1992.
MENTIONED IN THIS ARTICLE
Arspositine
Iowa
Southgate Court
S.W
Cedar Rapids
Erwin Clayton
Yamaha Motor Bike
Caine
Public Notice of Storm Water Discharge and Forfeiture
Public notice outlines plans by Trailer Transfer Service Inc to submit a Notice of Intent to IDNR under NPDES General Permit 1 for storm water discharge from a vehicle repair site in Section 30 Township 2 Range 6. Discharge to a drainage ditch toward Coralville Reservoir via Hoosier Street. Notices available at the Iowa Department of Natural Resources in Des Moines for review 8 a.m. to 4:30 p.m. weekdays. Also notes a real estate contract forfeiture case against Martin D. Trokosh and Patricia A. Winslow with monthly installments due and attorney fees claimed. details in the referenced legal filing.
MENTIONED IN THIS ARTICLE
Trailer Transfer Service, Inc
Iowa Department of Natural Resources
NPDES
Hoosier
Coralville
Conners
OWA
Department OF Natural Sea Environmental Protection Division
Grand Avenue
Des Moines
Martin D. Trokosh
Patricia A. Winslow
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Restaurant of Dreams
Mike Dunn
National Farmers Union
U.S. Department of Agriculture
Martha
Catherine Wilson
Barry Gibbons
Ian Burger
Britain
Beer
Germany
Art Siemering
McDonald’s Corp
Jerry Ruenhekt
Tampa Bay Area
Be Com Ls
Evans
Vendo
Franklin R. Yor
Higley
Cedar Rapids, Iowa