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

Brazil Museum Uninsured for Stolen Picasso

Brazil’s premier modern art museum had no insurance on paintings by Pablo Picasso and Candido Portinari stolen in a brazen burglary, the museum’s spokesman said on Saturday. Three thieves, armed with nothing more than a crow bar and a car …

Lloyd’s Offers ‘Grinch’ Coverage

After 319 years in the business, Lloyd’s has probably insured just about everything. So it’s not surprising that this Christmas the venerable institution is offering “the first and only insurance policy in the world to families in the event that …

Utah Supreme Court: State Can’t be Sued in Boxer’s Death

A Utah boxing regulatory commission can’t be sued for negligence in the death of a boxer who collapsed in the ring, said the state Supreme Court. Brad Rone died of an irregular heartbeat in 2003 after collapsing in the first …

Jury Finds Dubuque Hospital Not Negligent

A jury ruled a Dubuque, Iowa hospital not negligent in a case involving a patient who developed a bone infection following surgery. Daniel Day of Dubuque alleged Finley Hospital negligent in giving credentials to Dr. Michael Arnz, a Dubuque podiatrist. …

7 Hurt in Floor Collapse at Vegas Work Site

At least seven none serious injuries to workers occured when a floor collapsed at a Las Vegas hotel-casino project. A Clark County fire spokesman siad almost two dozen other workers escaped serious injury when the second floor caved in as …

Feds Approve $3.8 Million for Oregon Disaster Aid

Federal officials approved $3.8 million for disaster assistance to Oregon counties affected by the severe storms in early December. The money will cover federal disaster assistance costs, and low interest Small Business Administration loans. So far, 1,804 individuals have registered …

Company Asks Stores to Stop Selling Toys Linked to Asbestos

Four days before Christmas, Planet Toys Inc. asked stores to remove the its CSI Fingerprint Examination Kit from their shelves after some tests revealed samples of asbestos. The New York toy manufacturer claimed to have sent a “stop sale” notice …

Heap of Deliberate Fires Spawn Arson Hotline

Because of an increase in the number of arson fires in Pine Bluff, Ark., officials established a new hotline for reporting leads on arsoninous criminality. “We’re trying to take a pro-active approach and asking the public for help in trying …

Ratings Recap: Rockhill and Subsidaries

A.M. Best Co. has assigned a financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” to Rockhill Insurance Group of Phoenix, Ariz. and its four members, who comprise a newly created pool led by Rockhill …

Ratings Roundup: Insurance Australia Group, Bank of China

Standard & Poor’s Ratings Services has revised its ratings outlook on the counterparty and insurer financial strength ratings on Insurance Australia’s group of companies to negative from stable. S&P also affirmed the ‘AA’ ratings on Insurance Australia’s core subsidiaries. “The …