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

Guy Carp Issues UK Liability Survey

Guy Carpenter & Company, the global risk and reinsurance specialist of the Marsh & McLennan Companies, has published “A Year in Review – 2006 Update,” its fourth annual review of the liability market in England and Wales. The report provides …

Willis Re: Reinsurance Renewal Review

Willis Group Holdings announced from its London office that it has released its reinsurance review of the marketplace for the July 1, 2007 renewals entitled “Willis Re – 1st View.” Willis said the report covers the major classes of business …

Fla. CFO Cuts State’s Workers Comp Charge to Insurers

Florida Chief Financial Officer Alex Sink ordered a 50 percent cut in the 2008 Workers’ Compensation Administration Trust Fund assessment rate. The reduction is projected to result in as much as $19 million in savings that can be passed on …

U.S. Mine Agency Admits Shortcomings, Vows Safety Steps

Federal inspectors missed obvious problems and failed to follow procedures before three high-profile accidents that killed 19 men at underground coal mines in West Virginia and Kentucky last year, according to the Mine Safety and Health Administration. An internal accountability …

Mississippi Credit Freeze Law Goes Into Effect

Several new state laws that took effect Juky 1 will impact the everyday lives of Mississippians. One requires motorists to move over at least one lane, where possible, to make room for emergency vehicles, state troopers or tow trucks that …

FindMyBestAgent.com Redesigned to Provide Enhanced, Organized List of Insurance Companies and Agents

What began as a simple online directory has been redesigned into a comprehensive, feature-rich information powerhouse. FindMyBestAgent.com, under new ownership by an insurance industry insider, has just re-launched to provide consumers with the most effective agent-finding tool available online while …

Scottsdale Insurance Dropped from Katrina-Related Lawsuit

Scottsdale Insurance Co. announced the company was incorrectly named in a lawsuit that accused several insurance companies of overcharging the U.S. government’s flood insurance program related to Hurricane Katrina. The plaintiffs acknowledged the mistake in an Amended Complaint filed on …

Drinking Buddies Not Liable as Social Hosts, Mass. Court Rules

The Massachusetts Appeals Court has ruled that friends who meet regularly after work for drinks cannot be held liable for injuries caused when one of the members of their group drives home intoxicated. The court ruled that the friends were …

Texas Residents Watch Brazos River in Anticipation of More Flooding

Texas officials expected the Brazos River to rise above flood level, a cause of concern for residents who evacuated once already last week. The Brazos was expected to swell to around 26 feet, a foot above flood stage, after officials …

Iowa Diocese to Review Insurance Policies Dating Back to 1950

The Roman Catholic Diocese of Davenport is seeking to review its insurance policies dating back more than a half century. The diocese filed a joint motion with a creditor’s committee asking a bankruptcy court to approve the review of the …