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

R.I. Lead Paint Monies Go To Group Linked to DuPont

When the state of Rhode Island dropped DuPont Co. from its sweeping lawsuit against former makers of lead paint last year, one of the terms was that DuPont would donate $9 million to the Children’s Health Forum for clean-up and …

S.C. Jury Finds Ford Motor Negligent, Awards Plaintiff $18M

A Greenville County, South Carolina jury on Sunday awarded $15 million to a paralyzed woman in her lawsuit against Ford Motor Co. The jury also awarded $3 million to the estate of another woman killed in a 1999 wreck. The …

Scientists See Cooling Pumps as Way to Tame Hurricanes

Two New Jersey scientists believe they may have found a way to tame hurricanes. Their concept would take some of the punch out of hurricanes by cooling a vast area of the ocean ahead of a storm, depriving it of …

Camry, RAV4 Earn Top Marks in Insurance Industry Crash Test

The 2007 Toyota Camry and 2006 RAV4 small sport utility vehicle earned top marks in front and side crash tests released by the Insurance Institute for Highway Safety. The IIHS reviewed six vehicles and gave the Camry and RAV4 top …

In Suit, Greenberg’s Agency Charges AIG Employees Out to Destroy Business

Former American International Group CEO Maurice Greenberg’s company has filed suit charging that senior executives at AIG are trying to steal employees, customers and trade secrets and ultimately destroy C.V. Starr and its agencies, which Greenberg now heads. The suit …

Colorado Consumers Part of Alleged Military Insurance Scam

Colorado officials said Friday that nearly 1,400 people in Colorado will be part of a $70 million settlement from a Texas company accused of targeting American military personnel with a deceptive sales program. In all, 92,000 consumers — including 70,000 …

Former Agent Pleads Guilty to Fraud and Grand Theft

A San Diego insurance agent/broker who failed to send clients’ premium funds to insurance companies, causing the victims to lose more than $150,000, has pled guilty to one count of insurance fraud and one count of grand theft, according to …

Mercury General Announces Second Quarter Results

Los Angeles-based Mercury General Corp. has reported net income of $37.8 million ($0.69 per share-diluted) in the second quarter 2006 compared with $73.6 million ($1.35 per share-diluted) for the same period in 2005. For the first six months of 2006, …

California State Fund Hosts Heat Illness Prevention Seminars

California’s State Compensation Insurance Fund announced it has scheduled 61 additional free public “Heat Illness Prevention” seminars that will be held across the state. In response to the record temperatures throughout the state, in partnership with Cal-OSHA Consultation Service, State …

St. Johns Receives $20M Fla. Homeowner Surplus Note Loan

St Johns Insurance Co. has received approval for $20 million loan from Florida earmarked for new homeowner capacity across the state. The note is the first such transaction resulting from the Senate Bill 1980 passed by the Florida State Legislature …