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

N.H. Construction Firm Pays $158K Haz Waste Settlement

A New Hampshire judge has approved a hazardous waste violation settlement that will see a Pembroke construction company pay a $157,500 fine. The state alleged Venture Construction, Inc., transported and stored hazardous waste without a permit and did not properly …

AAA: Record Nevadans to Travel over Holiday

AAA estimates a record number of Nevadans will travel over the upcoming holidays, despite higher gas prices and travel expenses. More than 612,000 Nevadans plan to travel 50 miles or more from their homes over Christmas and to celebrate New …

Flying Ice Injures Pa. Ambulance Driver

An ambulance driver in Bethlehem, Pa. says ice blew off a tractor trailer, smashed her windshield, struck her on the head and showered the inside of the ambulance with ice and broken glass. Jessica Strivelli says if the Hanover Township …

Fitch Says UK Non-Life Insurers are ‘Well-Positioned in Challenging Market’

Fitch Ratings has issued a report indicating that it is maintaining a stable outlook on the UK non-life insurance sector, “as insurers remain on the path of underwriting discipline in the face of more challenging market conditions.” Fitch’s report notes …

China Regulators Give Willis a ‘5-Star’ Rating

Willis Group Holdings is celebrating the “5-Star rating in Quality” awarded the firm by the China Insurance Regulatory Commission (CIRC). Willis said that of the 98 brokers and agents operating in Shanghai that were assessed, “only eight companies were awarded …

Allianz Sells Property Portfolio to Whitehall Funds for $2.45 Billion

Allianz Immobilien GmbH, a real property investment subsidiary of German insurer Allianz SE, has sold a portfolio of commercial property worth some €1.7 billion ($2.45 billion) to subsidiaries of the Whitehall Funds, real estate funds sponsored and managed by Goldman …

Marsh Appoints Nicholson to Head Scottish Operations

Marsh UK announced that its UK Chief Operating Officer, John Nicholson, has been appointed Chairman of its Scottish operations, effective January 1. He will have overall responsibility for Marsh’s offices in Aberdeen, Edinburgh and Glasgow, where he will be based. …

Marsh & McLennan CEO Ousted

Michael G. Cherkasky is out as CEO of Marsh & McLennan Cos. Inc. and the search is on for his replacement, the company’s board of directors announced this morning. The board “determined that a change in leadership will best enable …

Workers Comp Fraud Sweep Nets 8 in N.Y.

The New York State Insurance Fund said a fraud sweep in Nassau County resulted in the arrests of eight people who allegedly took a combined $938,000 in fraudulent workers compensation benefits. The arrests came after a year-long investigation, said Nassau …

OSHA To Investigate Maine Mill Accident

The Occupational Safety and Health Administration will investigate an accident at an Irving Forest Products lumber mill in Dixfield, Maines where a worker lost part of his right hand. J.D. Irving spokeswoman Mary Keith says the 24-year-old man was flown …