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

Workers in Four More Calif. Counties Eligible for Freeze Assistance

Workers in California’s Kings, Madera, Merced, and Stanislaus counties who lost their jobs due to the January’s freeze are eligible for disaster unemployment assistance under a federal program. The U.S. Department of Homeland Security’s Federal Emergency Management Agency made the …

Texas AG Sues Pawn Shop Chain for Dumping Customer Records

The Texas Attorney General’s Office filed suit against a pawn shop chain on May 8, claiming it “systematically” exposed customers to identity theft. Attorney General Greg Abbott’s office said investigators found that several EZPAWN stores in San Antonio dumped business …

An Exclusion Insurers Can Rely Upon In Asbestos Coverage Litigation?

Many believed the years of court decisions on insurance coverage issues associated with asbestos related claims exhausted the list. However, a recent decision by the U.S. District Court for the Eastern District of Pennsylvania illustrated asbestos coverage litigation is not …

TDI’s Selden to Present at Central Texas CPCU Chapter Event

Audrey Selden, senior associate commissioner – Consumer Protection at the Texas Department of Insurance will be the keynote speaker at the Central Texas Chapter CPCU Society’s May luncheon meeting. Selden will speak on the Texas Department of Insurance’s disaster response …

Judge Denies State Farm Motion to Dismiss Miss. Lawsuit

A federal judge has denied State Farm Fire and Casualty Co.’s request to dismiss a lawsuit against the insurer because the policyholders received an emergency Small Business Administration loan to help rebuild their Waveland, Miss. home after Hurricane Katrina. State …

Disaster Declaration Granted for North Texas County

A federal disaster declaration has been issued for Denton County, Texas, because of severe storms and flooding that hit the North Texas county on April 24. Heavy winds damaged homes and businesses but no severe injuries were reported. That same …

Recent Ratings Recap

A.M. Best Co. has assigned a debt rating of “bb+” to the $500 million Class A Series 2007-I variable rate notes (the notes) due May 8, 2010 issued by Longpoint Re Ltd. ,a Cayman Islands exempted company, formed to facilitate …

Miss. Deals with Simulated Cat 3 Hurricane during Preparation

A simulated Category 3 hurricane hit the Mississippi Gulf Coast on Tuesday, and emergency operations officials said the drill could highlight the strengths – and weakness – in the state’s hurricane plan. The Mississippi Emergency Management Agency coordinated the two-day …

Fire Destroys Downtown Block in Vermont Town

A fire of undetermined origin burned a downtown block to the ground Sunday in a spectacular blaze that consumed six stores and three apartments, authorities said. No injuries were reported. The fire broke out about 1 p.m. in the Colby …

Diplomats Begin Work on New Greenhouse Gas Accord

More than 1,000 diplomats have begun working on a new accord to control greenhouse gases, with developing countries calling for more money and expertise to help them fight the potentially catastrophic effects of global warming. The 166 countries and organizations …