Monthly Archives: <span>January 2008</span>

Ark. Seeks to Improve Quality of Workers in State with New Program

Arkansas state government is promoting a new program for workers who want to improve their job security. The state Department of Workforce Services is among several state agencies that are promoting a new certification for workers, the Arkansas Career Readiness …

S&P Sees No Rating Change for PartnerRe after Channel Re Write Down

Standard & Poor’s Ratings Services indicated that its ratings on PartnerRe Ltd., currently ‘A’ with a stable outlook, and related subsidiaries, will not be affected following the group’s announcement that it expects a non-operating charge of $74 million in the …

S&P Updates Results of Bond Insurance Stress Test for Revised Assumptions

The formerly placid world of the bond insurers has suddenly become as chaotic as the P/C sector after a major hurricane. Standard & Poor’s Ratings Services published a new version of its bond insurance stress tests on January 15. Three …

$4.8 Million Worker’s Comp Bill Looms Over Tenn. Restaurant Owners

Restaurant owners across Tenesee may have to pay thousands to shore up a workers’ compensation fund that the state says was mismanaged. The Tennessee Department of Commerce and Insurance is suing Ronnie Hart, the president and chief executive of the …

Legislative Supporters of Minn. Bridge Victims’ Fund Push for Early Deadline

Supporters of a special fund to compensate victims of last summer’s Minneapolis bridge collapse hope to have a law establishing the account passed by mid-March. State Senator Ron Latz and Representative Ryan Winkler say they will strive to get a …

Supreme Court Stoneridge Ruling Adds to Setbacks for U.S. Investors

U.S. investors are heading into 2008 stung by a series of legal and regulatory setbacks, analysts say, with the latest the Supreme Court’s ruling in the Stoneridge case protecting businesses from securities-fraud lawsuits. Tuesday’s ruling follows a decision late last …

Kan. Senate Committee Moves Quickly on Disaster Relief Bill

A Senate committee is moving quickly on a proposal to help flood- and tornado-damaged communities rebuild homes. The Ways and Means Committee voted Monday to sponsor the proposal. It would provide $12 million over three years to help communities rebuild …

Kan. Firefighter, Wife Charged with Arson, Insurance Fraud

A Kansas firefighter and his wife are charged with multiple felonies in an alleged insurance fraud-arson scheme. Shawnee Heights Fire District firefighter Laramie McPherson and his wife Christine McPherson are accused of trying to set fire to their 1999 Toyota …

Scannell Named VP for PMA Insurance

Edward W. Scannell III has joined Blue Bell, Pa.-based PMA Insurance Group as branch vice president for Connecticut and New York. Scannell will oversee the agency distribution network in those states, where PMA said it is planning to expand its …

Flooding is ‘Next Big Disaster’ in Store for Calif., Say Engineers

While flooding in California’s Central Valley is “the next big disaster waiting to happen,” water-related infrastructure issues confront almost every community across the country, according to engineers at the University of Maryland’s Clark School of Engineering in separate reports to …