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

Banks Of China’s Yangtze River at Risk of ‘Disastrous Collapse’

The banks of China’s massive Yangtze River, a lifeline for tens of millions of people, are at risk of collapse, a state-run newspaper reported Monday. The China Daily said a recent inspection showed that banks on portions of the river …

R&M Reports on Italian P/C Market

Dublin-based Research and Markets has added “Snapshots Italy Non-Life Insurance 2007” to their offering. The new report analyzes 2005 year-end market size data, with 2006 estimates, 4 years of historical data and five-year forecasts. “The Snapshots report gives an instant …

S&P Hosts Teleconference on Global Warming Financial Impact Today

Standard & Poor’s Ratings Services will host a teleconference today, May 15, 2007, outlining the findings from a 15 article series from the May 23rd issue of CreditWeek, its weekly outlook on credit risk. The call and articles will discuss …

4.6-Magnitude Earthquake Causes Damage in Montana

An earthquake damaged an apartment building and knocked bricks off the facades of buildings in southwestern Montana , authorities said. The 4.6 magnitude quake, reported at 9:46 a.m. Tuesday, was centered about nine miles (15 kilometers) northeast of Sheridan, Montana. …

Critics: Wyoming Medical Review Panels Aren’t Lowering Insurance

Critics of panels that review medical malpractice cases in Wyoming say the oversight has not lowered the cost of medical malpractice insurance. Voters in 2004 amended the state constitution to allow the Legislature to resurrect the panels, which had been …

Lawsuit Claims Paralysis Caused by Denial of Claim

A 39-year-old Washington woman paralyzed from injuries caused in a car crash sued her insurer for denying coverage for surgery doctors agree could have prevented her paralysis. Tara Sadler, a Yakima, Wash., resident and mother of two boys, filed the …

Fla. Officials Move to Shut Down Viatical Provider for Dishonest Practices

The Florida Office of Insurance Regulation issued a Notice and Order to Show Cause to Coventry First LLC alleging violations of the Florida Insurance Code and for “engaging in fraudulent or dishonest practices.” Coventry First LLC, founded in 1999, engages …

N.C. Gov. Urges Colleagues’ Support in Protecting State Authority over Guard

Gov. Mike Easley sent a letter to the nation’s governors urging them to get their states’ representatives in the U.S. House to support repeal of a law adopted last year that expands the power of the president to take control …

Federal Officials Fine Ky. Mine Operator for Safety Violations

A southeastern Kentucky coal mine operator was fined $761,000 by federal regulators for safety violations found during a recent inspection. Stillhouse Mining LLC, an operator in Harlan County, was fined for four “flagrant violations” at its Mine No. 1 near …

Speeders Get Off Easy, Make N.C. Roads More Dangerous

Speed-related crashes kill about 10 people a week in North Carolina, more than are killed in accidents involving alcohol, according to the University of North Carolina’s Highway Safety Research Center. Yet lawmakers and court officials aren’t hard on speeders while …