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

Inland Marine Underwriters Host Seminar in Chicago

The Inland Marine Underwriters Association’s (IMUA) Chicago-based Midwest Advisory Committee recently announced it will present a morning seminar, entitled “Questions You Always Wanted to Know the Answers to about Jobsite Management but Were Always Afraid to Ask,” on Wednesday, Oct. …

Simplicity, Graco Cribs Recalled After 3 Infant Deaths

About 1 million Simplicity and Graco cribs have been recalled after three children became entrapped and suffocated. The recall was announced by the Consumer Product Safety Commission, more than two years after a California lawyer says he alerted the federal …

N.Y. Unveils Plan to Give Illegal Immigrants Drivers’ Licenses

New York State officials say a plan to provide driver’s licenses to illegal immigrants with valid foreign passports will enhance security by creating records of their identities. But critics say those records could compromise security instead. New York has between …

Study: Washington’s Referendum 67 Could Cost Consumers $650 Million

Referendum 67, a heavily debated law that would allow consumers to collect triple damages if their insurer unreasonably denies a claim or violates unfair practice rules, is expected to raise insurance rates for Washington businesses and families by as much …

OSHA Fines 4 Construction Companies for Texas Worksite Death

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) fined four construction companies $119,550 following an investigation into fatality at a Dallas, Texas, worksite. OSHA announced it issued citations to Satterfield & Pontikes Construction Inc. in Houston; Okie …

Vitale Joins Guy Carpenter’s Reinsurance Unit

Joseph Vitale has been named senior vice president of GCFac, Guy Carpenter & Co.’s dedicated facultative reinsurance unit. Based in New York, Vitale will focus on both strategic and tactical operations management, working closely with Guy Carpenter’s facultative team on …

Identity Theft Concerns Continue with Computer Tape Stolen in Ohio

A computer backup tape stolen from a state worker’s car in June contained the personal information of more than 500 county workers from Minnesota. Insurance Journal reported on the theft earlier this year. It was learned that information from out-of-state …

Subprime Lending Crisis May Affect Industry After All

If terrorism presents some “uncertain” aspects, the subprime lending crisis does so in spades. Financial markets react negatively to uncertainty more than anything else, as no one knows what may happen. Why has a relatively local event – the increasing …

TJX Security Breach Settlement Includes ID Theft Insurance

The TJX Companies has agreed to a settlement of class action lawsuits filed after a massive security breach involving customer data. A statement on the company Web site says the proposed settlement includes three years of credit monitoring along with …

IISS Sees Increasing Terrorist Threats

While global warming may ultimately prove to be the biggest crisis the world’s people have ever faced, it’s not as immediate a threat as that posed by global terrorism. After Sept. 11 and the Madrid and London bombings, anyone who …