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

UK’s Chartered Insurance Institute Joins Calls for Personal Injury Reform

The Chartered Insurance Institute (CII) added its voice to the growing calls on the UK government to follow through on its proposed reforms to the personal injury compensation system. The CII joined the Association of British Insurers (ABI), the Confederation …

Singapore Air Again Grounds A380 for Fuel Pump Fault

Singapore Airlines said on Wednesday that it had to ground an Airbus A380 on Monday and transfer passengers to two smaller Boeing 747s bound for Sydney, after a fuel pump failed to work. This was the fourth incident in three …

Kansas House Gives First-round Approval to Health Care Bill

A health care bill that provides a year’s worth of state aid to help poor families buy insurance won first-round approval earlier this week in the House. The measure also includes provisions designed to make insurance less costly for workers …

Georgia Woman Wins $8.8 Million against Jacksonville Hospital

A Jacksonville, Fla. hospital must pay $8.8 million in a malpractice suit filed by a diabetic Georgia woman who says the hospital didn’t administer insulin. The jury awarded the money to Shirlyn Gallagher of Blackshear, Ga., on March 22. Gallagher …

Insurers Say South Carolina Storms Caused at Least $43M in Damage

Insurers say estimated damage in South Carolina from severe weather earlier this month has increased to $43 million. The South Carolina Insurance News Service said Monday that more than 11,000 insurance claims had been reported as a result of the …

Feds and State Open 2 Disaster Recovery Centers in Atlanta

Two disaster recovery centers are open in Georgia to assist Fulton County and Jefferson County individuals, households and businesses affected by the March 14-16 severe storms and tornadoes. Officials said the centers will be open and operating daily from 8 …

4 Georgia Teens Charged in Arson of Vacant Building in Tennessee

Chattanooga fire investigators arrested four juvenile girls from Georgia on charges of setting fire to a vacant building. A Fire Department statement said no one was injured in the March 20 fire at the former Old Narrow Bridge Restaurant in …

Rocky Mountain-Based Insurance Pro Joins Mystic Capital

New York (March 26, 2008) – As Mystic Capital Advisors Group, LLC continues to grow, the investment banking firm is delighted to announce the newest member of its team: Stan Moore. An insurance expert with nearly 35 years of industry …

Washington Proposes Hot Weather Worker Rule

Washington’s Department of Labor and Industries (L&I) has proposed a new workplace rule to protect workers from heat-related illness when working outdoors in hot weather. This proposal is significantly different from the temporary rules L&I used the past two summers …

Ratings Recap: Financial Guaranty, American Physicians, United National, Centene, Great Western

Standard & Poor’s Ratings Services has revised its CreditWatch on Financial Guaranty Insurance Co. (FGIC, rated ‘A’) and holding company FGIC Corp. (rated ‘BBB’) to CreditWatch with negative implications from CreditWatch with developing implications. S&P explained that FGIC’s principal owner, …