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

Farm Loans Available in Vt. for Collapsed Barns, Livestock Loss

Farmers who suffered damages during Vermont’s Valentines Day blizzard are eligible for emergency federal loans. The U.S. Department of Agriculture Farm Services Agency has designated eight counties in which low-interest loans will be available. The counties are Addison, Caledonia, Chittenden, …

Panel Approves Maine Bill Requiring “Fire-Safe” Cigarettes

A legislative panel has given its approval to a bill to require cigarette makers to sell only self-extinguishing cigarettes in Maine. The Criminal Justice and Public Safety Committee on Friday unanimously approved a bill that would add Maine to the …

Ky. Senate Approves Bill that Oversees Coal Plant Sites

The process for deciding where coal gasification plants can be built in Kentucky would be streamlined under a bill that received final passage by the state Senate last week. The bill allows proposed coal or biomass gasification projects to skip …

A.M. Best Withdraws N.C.’s Arrowpoint Capital Ratings at Company’s Request

At the request of Arrowpoint Capital Corp., A.M. Best Co. has withdrawn the financial strength ratings for the insurance company’s three risk-bearing entities: Royal Indemnity Company, Royal Surplus Lines Insurance Company and Security Insurance Company of Hartford. The request was …

N.C.: Reynolds American CEO Received $6.4 Million Compensation Package

Susan M. Ivey, chairman and chief executive of Reynolds American Inc., received a compensation package valued by the company at $6.4 million for 2006, according to a proxy statement filed last week. Ivey received a salary of $1.14 million, incentive …

Study: High Disability Retirement in LA County Safety Agencies

Employees of the Los Angeles County sheriff’s and fire departments retire on disability pensions at a nearly 50 percent higher rate than their counterparts in 19 other California counties, according to a report by a human resources consultancy. The 73-page …

Dog Bite Victim Seeks Change in Oregon Law

It was nearly 19 months ago, but Sara Weidenhaft is still haunted by the animal’s amber eyes just moments after it ripped her lips apart. It remains a part of every word that escapes her mangled lips, every stare from …

Reinsurers’ Group Says Regulation Goes Beyond Collateralization Issue

Franklin W. Nutter, president of the Reinsurance Association of America (RAA) said reinsurance regulation goes beyond the narrow issue of collateral, and is pleased that the National Association of Insurance Commissioners (NAIC) Financial Condition Committee has directed its Reinsurance Task …

Last Person Convicted in Texas Staged Accident Fraud Ring

The ninth and last defendant in a staged auto accident insurance fraud ring was convicted of Engaging in Organized Criminal Activity in Dallas County District Court on February 27, 2007, the Texas Department of Insurance announced. Jerry Lockhart was found …

La. Appeal Court Won’t Rehear Decision in Tobacco Case

A five-judge state appeal court panel has refused to revisit its Feb. 7 decision to slash a New Orleans jury’s 2004 verdict that required four big tobacco companies to pay $591 million to help Louisiana smokers kick the habit. Attorneys …