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

Storms Kill 10 Along Texas/Mexico Border, Gov. Declares Disaster Area

Texas Gov. Rick Perry has toured areas along the Texas/Mexico border that recently were hit with violent storms and tornadoes. He issued state disaster proclamations for Maverick County as a result of the damage and loss of life sustained in …

Wis. Appeals Court Upholds Arsonist’s Convictions

A man sent to prison for igniting a string of garage fires that terrorized Wausau, Wis. nearly four years ago received a fair trial, a state appeals court ruled Tuesday. Police did not violate Kevin Zarm’s constitutional rights in seven …

Investigations Begin into Fatal Western Md. Mine Collapse

The federal Mine Safety and Health Administration has launched a formal investigation into last week’s accident in a Maryland open pit coal mine that killed two men. “We evaluate all aspects of the mine accident, and that includes potential causes …

Senator Says Pa. Payroll Tax for Health Insurance won’t Pass

Pennsylvania lawmakers are unlikely to pass Gov. Ed Rendell’s proposal to impose a new payroll tax that would help expand state-subsidized health insurance because of questions about its legality and its effect on businesses, a state senator said Tuesday. “I …

Fla. Homeowners Air Grievances over Taxes, Insurance

Jeanette Waddle is frustrated with rising property taxes and unaffordable insurance rates, and she let Fla.’s Gov. Charlie Crist hear about it Tuesday night during a town hall forum. The mother of three is married to a firefighter, the sole …

Willis Q1 Net up 21% to $169 Million; Conference Call Today, Details

Willis Group Holdings Limited reported strong results for the quarter ended March 31, 2007. Net income for the quarter was $169 million compared with $140 million in Q1, 2006, a 21 percent increase. Earnings per diluted share increased 25 percent …

Best Assigns Novae Bonds ‘bb+’ Rating; Affirms Novae Holdings Ratings

A.M. Best Co. has assigned an indicative debt rating of “bb+” to the forthcoming £100 million ($200 million) floating rate subordinated bonds to be issued by the UK-based Novae Group plc, with a positive outlook. Best also affirmed Novae’s issuer …

RMS, Weatherflow Launch Parametric Capital Market Index

Risk Management Solutions (RMS) has teamed up with WeatherFlow Inc., a provider of private weather data, to launch the “WindX(tm) parametric index” (www.windxnetwork.com).” The two companies timed the introduction of their new service to coincide with the fast approaching 2007 …

Mass.: Milford Man Indicted for Stealing Nearly $400,000

A suspended insurance broker will be arraigned on larceny charges in Worcester, Mass. Superior Court on Friday according to District Attorney Joseph D. Early Jr. Michael J. Minnehan, 60, of 76 West St., Milford, was indicted last week by a …

Tenn. House Panel Moves Med Mal Bill

A proposal to limit medical malpractice lawsuits in Tennessee advanced Tuesday out of the House subcommittee where it faced its biggest challenge for passage. The civil practice subcommittee of the House Judiciary Committee advanced the bill on a voice vote …