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

Climate ‘Stars’ Schwarzenegger, Gore Take Stage at U.N. Summit

“Arnie” and “Al,” Republican and Democrat, shared the world spotlight to press for climate action, adding a touch of star quality to the staid proceedings of a U.N. summit. The two headliners, California Gov. Arnold Schwarzenegger and former Vice President …

Alabama Residents Back in Homes After Train Leaves Tracks

A train derailment in Flomaton, Ala., over the weekend caused some anxiety and evacuations after authorities learned that the 66-car train was carrying anhydrous ammonia. The derailment that occurred after 9 p.m. on Sept. 22 when 11 of the cars …

Former Los Angeles Agent Sentenced to Prison

A former Los Angeles insurance broker surrendered himself to authorities after being convicted of two fraud counts, the California Department of Insurance reported. Gurjeet Singh (aka George Singh), 57, of Los Angeles, was sentenced on July 2, 2007, to serve …

Major Internet Disruption Would Cost $250 Billion in Economic Damages

A major disruption to the Internet would not only be detrimental to businesses, public institutions and citizens, but would also cost the global economy an estimated $250 billion, according to a report released by the Business Roundtable, an association of …

Court Says Database Alone Can’t Decide Medical Reimbursement Costs

The Colorado Court of Appeals has ruled against State Farm Mutual Automobile Insurance Co., noting that the insurer’s exclusive use of a computer database to determine reimbursements of medical costs was unreasonable. The decision opens the door for a class-action …

FBI Report Shows Property Crimes Decrease Again in 2006

For the fourth year in a row the estimated number of property crimes decreased, according to statistics released by the FBI’s 2006 edition of “Crime in the United States,” a statistical compilation of offense and arrest data as reported by …

Pastor Appears in Colo. Court on Fraud Charges

A prominent pastor accused of filing fraudulent life insurance claims to funnel money to church groups he controlled appeared in court in Centennial, Colo. Acen Phillips, 72, was accompanied by defense lawyer Gary Lozow but Lozow said he wasn’t representing …

Rating Roundup: Rockhill

A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Rockhill Insurance Company are unchanged following the announcement that Rockhill has signed a definitive agreement to acquire …

Ratings Recap: Elvia/Jefferson, Amedex

A.M. Best Co. has affirmed the financial strength rating of “A (Excellent) and the credit issuer rating of “a+” of Swiss-based Elvia Reiseversicherungs-Gesellschaft-AG (Elvia) and its US subsidiary, Jefferson Insurance Company of New York, with a stable outlook. “The affirmation …

La., Texas Towns Recovering Slowly 2 Years after Hurricane Rita

Cameron, La., and Weirgate, Texas, have something in common: both are recovering slowly two years after Hurricane Rita blew through them in September 2005. According to Associated Press reports, nearly everyone in Cameron still lives in temporary housing and in …