ACBM staff
It’s no secret that construction sites are a hotbed for expensive machinery and heavy equipment, pricey power tools and valuable scrap metals. Therefore, it should come as no surprise that construction sites are often targeted by thieves, vandals and other criminals.
In fact, according to the National Equipment Register and National Insurance Crime Bureau, the annual cost of equipment theft at construction jobsites averages $400 million. Research from the Great American Insurance Group estimates 90% of equipment thefts occur between 6 p.m. on Fridays and 6 a.m. on Mondays – which makes sense, as jobsites are typically unoccupied during this time.
University of Cincinnati approves property acquisition to grow Cincinnati Innovation District bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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GreenStreet Cafe’s lunchtime rush had just ended on a recent afternoon, but the clamor of dishes in the kitchen hadn’t ceased. Business has finally picked up at the popular eatery in Miami’s Coconut Grove, known for its red velvet outdoor couches, a place where athletes and artists have dined over the past 30 years.
Still, owner Sylvano Bignon is heated.
A judge in March dismissed his lawsuit against GreenStreet’s insurers, which refused to pay for pandemic-related losses. Shutdowns and other restrictions cost him $2.5 million, Bignon said, and he had been hoping to get $1 million from the insurer. But because the owner’s insurance only covered “physical loss or damage,” the judge ruled, the Covid claim did not apply.
Retailers Casualty Insurance Company Announces Policyholder Distribution Payable
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BATON ROUGE, La., April 28, 2021 /PRNewswire/ The Retailers Casualty Insurance Company board of directors has declared a $2,246,000 distribution payable for the 2019 policy year, and distributions to qualifying policyholders have been issued, either by a mailed check or a credit to their account.
Each distribution is in proportion to qualifying policyholder premium and loss ratio the better their record, the higher the return. The maximum amount of distribution paid to qualifying policyholders with zero losses will be 17.5 percent of their normal premium. Policyholders must meet minimum eligibility requirements, and future distributions are at the board s discretion and not guaranteed.
Retailers Casualty Insurance Company Announces Policyholder Distribution Payable prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.