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

US, China Agree to Improve Information-Sharing on Auto Safety

The U.S. government has agreed with China to improve information-sharing on auto safety in the aftermath of a recall of thousands of defective Chinese-made tires over the last several months. The “memorandum of understanding” signed this week by the National …

Another Katrina Levee Failure Case Before La. Appeals Court

A Louisiana state appeals court is weighing whether an insurance company must pay for damage from the failure of levees in New Orleans after Hurricane Katrina, a case that could affect thousands of property owners in the storm-ravaged city. In …

Ark. to Receive $224K from United Healthcare Settlement

Arkansas Insurance Commissioner Julie Benafield Bowman announced that Arkansas stands to receive more than $224,000 as a result of a regulatory settlement agreement between United Healthcare Insurance and 36 states and the District of Columbia over alleged violations of state …

After Humberto, Three Texas Counties Declared Disaster Areas

Texas Gov. Rick Perry declared three southeast Texas counties disaster areas as a result of Hurricane Humberto, which made landfall in Southeast Texas in the early hours of Sept. 13. The storm moved ashore near the town High Island and …

N.Y. Agent Sentenced to House Arrest Premium Diversion

The owner of a Tonawanda, New York insurance agency was sentenced on Aug. 29 to two years probation with six months home confinement for diverting $132,000 in customers’ insurance premiums to prop up his failing business, the New York State …

Burned WTC Area Skyscraper to be Sealed

Workers will seal a contaminated a New York City ground zero skyscraper damaged in a fatal fire at the same time new fire safety measures are adopted in the building, officials overseeing the building’s demolition said. The former Deutsche Bank …

Lloyd’s Signs on to ‘ClimateWise’

Lloyd’s announced that it is joining a number of leading insurers, reinsurers and brokers in signing on to the “ClimateWise principles.” Lloyd’s described the initiative as a “major step” for the insurance industry, which would enable it to “play its …

TS Ingrid Forms

Ingrid, the ninth named tropical storm of the season, has formed in the Atlantic. According to the latest bulletin from the National Hurricane Center in Miami, the storm is currently located about 840 miles (1355 kms) east of the Lesser …

S.C. Ad Campaign Asks Residents to Be Ready in Case of a Disaster

South Carolina kicked off a new advertising campaign asking residents to be prepared in case a hurricane or other disaster strikes. The state plans to run ads for its “Be Ready! South Carolina” program on TV and radio stations as …

Jurors Hear Opening Arguments in W. Va. Pollution Suit

DuPont’s lawyers say the company is a good corporate neighbor but lawyers for 10 West Virginia property owners suing the chemical giant claim it puts profits ahead of community safety. Jurors heard these dueling portrayals Wednesday during opening arguments in …