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

Gov. Fletcher Requests Federal Help for Ky. Farmers

Crop loss across Kentucky prompted by the third driest May through August in the past 113 years forced Gov. Ernie Fletcher to request U.S. Department of Agriculture disaster assistance for farmers across the Commonwealth. Fletcher said his request was made …

Ratings Recap: Sompo (U.S.); Clarendon, Kentucky National

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and assigned an issuer credit rating (ICR) of “a” to New York-based Sompo Japan Insurance Company of America (SJA). Best also affirmed the FSR of “A”- (Excellent) …

Ratings Roundup: Validus

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Validus Reinsurance, Ltd. (Validus Re), as well as the ICR of “bbb-” of Bermuda’s Validus Holdings, Ltd. Best …

Colo. Hail Damage Up to $60 Million

Losses from hail in Colorado has been tallied at $60 million, up from figures announced earlier this week. An insurance group says hail that battered Pueblo and Colorado Springs last week did almost $60 million in damage, making it the …

Wis. Dane County Flood Damage Tops $3 Million

Dane County, Wis. has suffered more than $3 million in damage to public and private properties as a result of heavy rains and flooding, its top official said earlier this week. Dane County Executive Kathleen Falk said 798 homes have …

3 New England States Beef Up Highway Patrols for Labor Day

State police in three New England states are teaming up with federal authorities to ensure a safe Labor Day weekend on the region’s highways. State police from Rhode Island, Massachusetts and Connecticut along with the federal Motor Carrier Safety Administration …

Texas Leads Nation in Percentage without Health Coverage

Texas led all states in the percentage of residents without health insurance, according to a U.S. Census Bureau report. Texas had an uninsured rate of 24 percent for the years 2004-2006, the report said. The report attributed the high rate …

N.H. Court: Motorcyle Hit-Run Victim Covered by Auto Uninsured Coverage

An auto policy’s uninsured motorist coverage is triggered for a motorcyclist killed by a hit-and-run driver after being thrown onto the roadway from his bike, which was not insured, according to the New Hampshire Supreme Court. The victim’s auto insurer, …

Mo. Bridge Project Could Serve as National Model on Repairs

A month after the deadly Minneapolis bridge collapse, Missouri lawmakers are poised to approve a massive bridge repair project that could serve as a national roadmap for renovating aging infrastructure. Missouri plans to quadruple the pace of its bridge repairs …

La. Firefighters Must Haul Water to Fires, Could Affect Insurance Ratings

Livingston Parish in Louisiana is growing faster than the supply of water needed to fight fires. The parish needs more fire hydrants and higher water pressure to fight fires in new subdivisions, Brian Drury, president of the Livingston Parish Fire …