Monthly Archives: <span>March 2007</span>

Ark. Senate Passes Teen Driving Rules; Highway Bond Measure

Teenage drivers in Arkansas would have more restrictions on their driving privileges under Senate Bill 196, which recently passed the state Senate. According to the Senate announcement, teens with a learner’s permit or an intermediate license would not be able …

ACE Survey Shows Data Loss is Top Operational Risk Threat

One in three global businesses see loss of data as a significant threat and the key issue to address in operational risk management planning, according to the latest global risk briefing report conducted by the Economist Intelligence Unit (EIU) and …

MajescoMastek Names McCarter President

Edison, N.J.-based MajescoMastek, the North American unit of publicly-held software solutions and services provider Mastek, Ltd., has named William S. McCarter as president of the North American business. McCarter has joined the company in the Edison, N.J. headquarters. McCarter was …

Over 30 Countries Agree: Bird Flu Preparedness is Key

The threat of the bird flu virus mutating into a strain capable of causing a pandemic intensifies amidst a growing number of outbreaks and human cases in different parts of the world. Since 2003, a total of 168 people have …

International Labour Group Introduces Microinsurance Book

The International Labour Organization announced the availability of a new book, Protecting the poor: A microinsurance compendium, published with Munich Re Foundation for the CGAP Working Group on Microinsurance. Based on in-depth analysis of 40 microinsurance schemes around the world, …

Study Reveals Potential for $100 Billion Earthquake Loss in Beijing, China

Risk Management Solutions (RMS) announced the preliminary results of a study analyzing the impacts of the 1679 Sanhe-Pinggu Earthquake based on the 2007 population and property exposures of the Beijing, China area. The largest historical earthquake in the vicinity of …

Washington Warming to National Disaster Plan Idea

A proposal for a national disaster plan to backup private hurricane and flood insurance markets appears to be gaining momentum in Washington. This week, Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, expressed his support for a …

S.C. Officals to Hear Consumers’ Coastal Insurance Concerns

Insurance Director Scott Richardson and staff from the South Carolina Department of Insurance will meet with residents of the Greater Myrtle Beach area to discuss coastal insurance issues. On March 22, 2007 from 5:30-7:00 p.m. at the Myrtle Beach High …

Ind. Missing Computer Disc with Personal Insurance Info Found

A missing compact disc containing unprotected personal data for 75,000 Empire Blue Cross Blue Shield members was recovered four days after the insurer began warning customers about potential privacy violations. The disc, which had been missing since January, was found …

Mich. House Passes Legislation Related to Damages in Auto Accidents

A divided state House voted to pass a bill that would change who is able to sue and collect damages under Michigan’s automobile insurance laws. The legislation, HB 4301, passed the Democratic-controlled House on this week by a 58-51 vote, …