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

QBE Net Profits up 30% to US$1.786 Billion

Australia’s QBE Insurance Group announced that operating profit after tax for the year ended 31 December 2007 was up 30 percent to a record A$1.925 billion ($US1.786 billion). Other key highlights for the year were listed as follows: — Gross …

Ohio Supreme Court Upholds Law Limiting Product Liability Suits

The Ohio Supreme Court on Thursday, Feb. 21 upheld a state law that sets a deadline for people to sue manufacturers of defective products but said a General Motors worker can continue with his lawsuit because he was injured before …

Nursing Home Evacuated as Fires Burn Thousands of Acres in Texas

The Texas Forest Service and local volunteer firefighters battled huge grassfires propelled by dry, windy conditions in Scurry County last week. A 3,000-acre fire near Snyder, a 2,000-acre blaze north of the city and a 10- to 15-acre fire near …

Update: Georgia Sugar Refinery Explosion Claims 11

Another burn patient has died of injuries suffered in an explosion and fire at a Georgia sugar refinery, bringing the death toll to 11, officials said Sunday. Two weeks after the blast at the Imperial Sugar plant in Port Wentworth, …

Contractors Best Insurance Services, Inc. – Time Share Contest.

Similar Ownerships Sold For Up To $16,000 When Purchased From The Developer!! Contractors Best Insurance Services, Inc. launches a contest for all appointed agents who write contractor business. With the launch of their website (http://www.ContractorsBestIns.com), Contractors Best Insurance Services, Inc. …

5 Execs Found Guilty of Fraud in Gen Re-AIG Trial

A federal court jury in Hartford, Connecticut has found four former General Re Corp. executives and one former American International Group executive guilty of corporate fraud and conspiracy charges stemming from allegations that the five helped cook AIG’s books in …

Judge Narrows N.Y.-N.J. Port Authority’s 9/11 Insurance Claim

The Port Authority of New York and New Jersey can collect insurance only for damage inflicted on two buildings of the World Trade Center site destroyed on Sept. 11, 2001, rather than for the entire complex, a U.S. District Court …

And the Award for the Riskiest Movie to Insure Goes to…

What was the riskiest movie of this year’s crop of Oscar-nominated films? Movie-goers might be surprised. Was it the western crime thriller that won Best Picture- — “No Country for Old Men” — or the nominated “Michael Clayton” where a …

Mich. House Bills Open Door to Scrutiny of Auto Insurance Fee

An insurance panel that sets rates for coverage of severely injured motorists would be subject to more public scrutiny under terms of legislation that passed the state House on Thursday. Some deliberations by the Michigan Catastrophic Claims Association would be …

Neb. High Court Nixes Reinstatement of Suit against State Farm

The Nebraska Supreme Court has refused to reinstate a lawsuit against State Farm in a dispute over whether the insurance company delivered the medical coverage it promised in its automobile policies. The Supreme Court’s ruling on Friday, February 22nd upheld …