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

Man Sues for $1.6 Billion Over Rights to Sponge Bob Square Pants

Troy Walker claims he created Bob Spongee, an unemployed cartoon sponge who lived with his family on Apple street, in 1991. So in 2002 when Walker saw Nickelodeon’s “Sponge Bob Square Pants,” a wildly popular animated sponge who lives among …

Travelers’ CEO Fishman Paid $15.7 Million Last Year

Travelers insurance said on Friday that it paid Chairman and CEO Jay S. Fishman $15.7 million last year, a period when calm weather fueled big profits for one of the nation’s largest commercial insurers. Fishman’s pay included a $1 million …

Beazley Acquires Health Care Specialist Sapphire Blue

Beazley Group has agreed to acquire Sapphire Blue, an agency specializing in professional liability insurance for U.S. health care institutions, particularly long term care facilities. The transaction significantly strengthens Beazley’s presence in this market, the company said. Sapphire Blue has …

Liberty Mutual Property Launches New Food Processing Product

Liberty Mutual Property, part of the Liberty Mutual Group, has launched a new endorsement to its commercial property coverage that provides services for the food processing industry. RM Custom Select addresses the top three property insurance concerns for food processors: …

FDA Issues Guidance for Fresh Cut Produce

In light of recent illnesses caused by unsanitary leafy greens, the Food and Drug Administration (FDA) has published a draft final guidance advising processors of fresh-cut produce how to minimize microbial food safety hazards common to the processing of most …

Safeway-Brand Bread Recalled after Wire Found in Loaves

Safeway Inc. has recalled a cornucopia of Safeway-brand bread after customers found pieces of wire in loaves they had purchased. The wire was traced to a broken machine in the company’s Richmond-based bakery, said Safeway spokeswoman Jennifer Webber. Webber said …

With Auto Surcharge Failing, Ore. Lawmakers Look to Lottery

With Ore. Gov. Ted Kulongoski’s proposed surcharge on auto insurance to pay for more state troopers not gaining any traction, some lawmakers are pushing for a proposal to set aside $65 million in lottery proceeds to increase patrols. The idea …

Wash. Declares “Rate Holiday”

Washington Gov. Chris Gregoire announced that a partial “rate holiday” has been finalized by the Department of Labor and Industries, designed to save workers and employers about $315 million in workers’ compensation insurance premiums. According to L&I, beginning July 1, …

La. Man Keeps on Truckin’ – Safely

Truck driver Bobby Wright of Searcy, La., recently surpassed the two million mile mark behind the wheel without a preventable accident. Wright, a driver for USA Truck since 1988, said a skill developed as a child has helped along the …

Texas DWC to Host Vendor Demonstrations for Work Comp Participants

The Texas Department of Insurance, Division of Workers’ Compensation reported it will host eight, two-hour vendor demonstrations on the use of vendor treatment and return-to-work guidelines for disability management in the Texas workers’ compensation system on March 22-23, 2007, and …