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

Debate on Fate of Barrier Islands off Miss. Coast Continues

The barrier islands off the Mississippi coast offer pristine beaches to sun-loving tourists, a unique ecosystem to sea life and protection to the mainland from deadly storm surges during hurricanes. That’s why experts say the debate centered on what – …

N.C. Coast Facing Challenges of Growth, Rising Water Levels

North Carolina’s coast isn’t what it used to be. The sound of seagulls competes with the grind of construction. Property values are soaring. The water is rising. “It means we’ve got some very difficult choices to make in the not-to-distant …

MyNewMarkets.com Announces 2008 Market Exchange

SAN DIEGO – Insurance Journal’s new online service, MyNewMarkets.com, is launching a new market focused conference oriented toward helping retail agents and brokers find the coverages they need. The first conference, named the “MyNewMarkets.com Exchange,” is scheduled for February 15, …

L.A. archdiocese to pay $600 million to settle abuse claims

The Roman Catholic Archdiocese of Los Angeles will settle its clergy abuse cases for at least $600 million, by far the largest payout in the church’s sexual abuse scandal, the Associated Press learned Saturday. Attorneys for the archdiocese and the …

Securities Class Actions Continue to Drop, Stanford Study Finds

Securities class action filings are well below historical averages for the fourth consecutive six-month period, finds a new mid-year report. According to the report, the 59 filings recorded in the first half of 2007 represent a 42 percent drop from …

Washington Firefighters Gain Ground on Blazes but Await Lightning Storm

Firefighters tried to contain several dozen lightning-caused fires in Washington state on Saturday, as more thunderstorms swept through the region. Close to 2,700 lightning strikes were reported in Washington and Oregon on Friday and early Saturday, sparking 212 fires, but …

Insurance Agency Must Pay $5.8 Million to SoCal Firm

An insurance agency must pay $5.8 million to a small business that discovered it lacked workers’ compensation coverage after a burned employee sued. An agent for Hilb, Rogal and Hamilton Insurance Services improperly failed to tell the company that it …

Corkey, Former CPCU El Camino Chapter President Passes

Timothy Corkery, 92, former president of the El Camino, Calif., chapter of the Chartered Property Casualty Underwriting Society from 1993-1994, has died. Corkey worked in the insurance industry for more than 35 years, and in 1999 received the a lifetive …

Calif. State Fund Offers Policyholders Credit Extension

California’s State Compensation Insurance Fund announced that it will extend credit to policyholders who have suffered a financial loss or business disruption caused by recent wildfires that ravaged the Lake Tahoe area. The fires caused havoc, burning some 3,100 acres, …

Florida Artist Creates Sculptures to Expose Road Debris Hazard, Liability

Created from pieces of pipe, sheet metal, plastic buckets and traffic barricades found on Florida roads, Ken Andexler’s sculptures have a pointed message: Road debris is dangerous, and it’s everywhere. The junk that falls off or is tossed from cars …