Monthly Archives: <span>August 2006</span>

Best Affirms Gen Re’s ‘A++’ Ratings

A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A++” (Superior) and the issuer credit ratings (ICR) of “aa+” for the Delaware-based General Re Group. Best said the ratings apply to General Reinsurance Corp. (Delaware) and its core …

Best Affirms Cologne Re, Subs ‘A++’ Ratings

A.M. Best has affirmed the financial strength rating (FSR) of “A++” (Superior) and the issuer credit rating (ICR) of “aa+” for Koelnische Rueckversicherungs-Gesellschaft AG (Cologne Re), the German-based subsidiary of Berkshire Hathaway’s General Re (See related ratings article in National). …

Calif. Commissioner Calls Court Ruling on Auto Regs a Victory

On Wednesday afternoon, the 3rd District Court of Appeal in Sacramento, Calif., refused to overturn a Superior Court ruling that required insurers to comply with the new auto rating regulations. “Once again the courts have ruled that insurers must comply …

Final Suspect in Maryland Arsons Pleads Guilty

The last of five people accused of setting fire to more than two dozen homes under construction in a Charles County, Maryland subdivision pleaded guilty Friday in U.S. District Court. Roy McCann, 23, of Waldorf, pleaded guilty to conspiracy to …

Georgia Athletic Group Weighs Heat Safety Policy for High Schools

The Georgia High School Association is considering changing regulations to require schools to have a written heat policy and thermometers on the field. The change comes amidst growing criticism from state lawmakers after the Aug. 1 heat stroke death of …

S.C. Jury Awards $30 Million to Doctor’s Family

The family of a South Carolina doctor who died during joint-replacement has been awarded $30 million, after a jury found that the hospital and an anesthesiologist were responsible for the death. The award was for actual damages in the 2002 …

N.J. Jury Awards $11.2 Million to Man Hit By Cargo Box

A jury in New Jersey has awarded an Atlantic Highlands man $11.2 million for injuries suffered when a cargo container fell off a truck and onto the driver’s side of his car. Paul Dolan, 42, sued Piscataway-based Hapag-Lloyd America Corp., …

N.H. Flood Insurance Sales Up 26%

The purchase of flood insurance in New Hampshire has risen by 26.2 percent since May of last year — a jump attributed to October’s flooding and some updated maps that identified new areas at risk. Policy purchases in New Hampshire …

Wildfire Injuries, Deaths on Rise in Georgia, Other Southern States

Wildfire-related injuries and fatalities are on the rise this season in Georgia and some other states, with sprawling suburban growth, dry conditions and changes in land-use patterns contributing to the problem. With urban development pushing into rural areas and weather …

N.Y. Attorney General Candidates Make Their Cases

The five N.Y. candidates running for state attorney general will get their first chance to introduce themselves to a large number of voters in a statewide town hall meeting and debate this week. “Right now it means some attention to …