July 21, 2011
Beginning July 29, 2010, the Crown Fire near Palmdale, California, raged for more than five days, burning brush of approximately 14,000 square acres. Although approximately 2,300 structures were threatened, luckily, only four homes and five outbuildings were completely destroyed by the fire.
The Crown Fire forced evacuations of over 2,000 homes in the area.
Read more…
July 21, 2011
I love a good thrift store sale. If done at the right time, in the right way, it’s possible to really score some nice furniture, décor, or even a well-worn pair of jeans for a fraction of buying it new. I have seen too many people toss money away at many of these shops, however, assuming that because something is sold there, it must be a good deal. Take a look at these four traps that thrift stores are catching buyers in, before you take out your wallet. Mistaking Designer for “In-Demand” The people that price items at thrift stores may have a good idea of the value of an item most of the time. Other times, however, they just have a bad case of wishful thinking. Yes, a
Read more…
July 19, 2011
This is a reminder to anyone who may be eligible for a piece of the $12 million settlement (litigation Trombley v. National City Bank, No. 1:10-CV-232) that the deadline to submit a claim for those benefits is creeping up, you have a little over a month until the August 26th, 2011 deadline. If you havent excluded yourself (that deadline has passed, it was June 27th) then you might as well download the claim form and submit it, otherwise youll get nothing.
Read more…
July 18, 2011
Ownership of business personal property is required to trigger coverage and payment after a loss under most business income loss provisions. Notwithstanding this general rule, an insured may recover for a loss without necessarily having title to business personal property, so long as the insured can establish that it had an insurable interest in the non-owned property. The “insurable interest” doctrine, however, has its limits and it is usually a fact specific issue.
For example, in Tucci v. Hartford Fin. Services Group, Inc., No. 08-4925, 2011 WL 2555379 (D.N.J. June 27, 2011), the insured leased his land to a Howard Johnson Motor Lodge hotel franchise. How
Read more…
July 17, 2011
President Obama is expected today to nominate former Ohio attorney general Richard Cordray as director of the new Consumer Financial Protection Bureau. The move comes after Republicans and business interests strongly opposed the nomination of Elizabeth Warren, an outspoken critic of big banks, and the bureau’s creator.
Warren said in a statement that she supports Cordray’s nomination. Cordray is currently the chief enforcement officer for the bureau. His nomination, however, may not help to move anything forward, however, since Republicans have vowed to block any nominee to the post.
Read more…