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

University, Professor Settle Suit over Dissertation, Alleged Advances

An Indiana University of Pennsylvania professor who has written about faculty-student relationships has settled a lawsuit brought by a doctoral student who claimed the professor sabotaged his dissertation when he spurned her advances. Terms of the settlement were not spelled …

Maryland Employers with Illegal Workers Could Be Fined

Frederick County, Md. Commissioner Charles Jenkins is calling for penalties for local businesses that hire illegal immigrants. He is talking to the county attorney about a plan to audit local businesses that receive building permits from the county. Under his …

Investigation Continues into Burning of Md. $750K Vacant House

Maryland fire marshals say they’re still investigating the burning of a vacant house in Washington County worth $750,000. Fire marshal Ed Ernst told The (Hagerstown) Herald-Mail Monday morning that they still haven’t learned who owns the home. Firefighters let the …

Fire Deaths Decline in Maine

Maine saw a downturn in fire-related deaths in 2007. As the year came to a close, the state had recorded 11 fire deaths, which could beat the previous all-time record low of 12 fire deaths in 1995. But the number …

Fairfax Completes Cunningham Lindsey Deal with Stone Point

Fairfax Financial Holdings Limited and the Cunningham Lindsey Group Inc. announced that they have closed the previously announced sale transaction with Trident IV, L.P., a private equity fund, managed by Stone Point Capital LLC, and certain affiliated entities, collectively Stone …

Willis Re January Renewal Report Finds Lower Rates

Willis Group Holdings has released its annual reinsurance renewals report for January 2008 with the rather ominous subtitle “Settling or Sinking?” The report highlights “one of the major trends witnessed in this year’s renewals” – a rapidly softening market. As …

Bush Declares State of Disaster in Missouri

President Bush issued a federal disaster declaration that will free up money to help Missouri recover from a series of winter storms. More than 170,000 homes and businesses were without power at the peak of the storms earlier this month. …

Guy Carpenter Publishes Reinsurance Review

Guy Carpenter greeted the new year with the publication of “Near Misses, Plentiful Reminders: Global Reinsurance Review January 2008,” which it describes as a “briefing on the major trends driving pricing and market conditions across the global reinsurance industry into …

Earthquake Triggers Disaster Insurance Pool in the Caribbean

A powerful earthquake that rocked the eastern Caribbean last month has for the first time triggered use of an insurance pool that provides emergency cash to regional islands after a significant natural disaster. The magnitude-7.4 quake, which was centered beneath …

State to Ask FEMA for Individual Disaster Assistance

Emergency management teams will begin assessing damage to homes and businesses as state officials prepare to ask the federal government to provide individual assistance for people affected earlier this month by a massive ice storm. “We’re trying to work as …