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

Mississippi River Ready to Spill

The Mississippi River is expected to rise above the flood stage in Natchez, Miss. and authorities are concerned flooding could become a problem in the coming weeks. Flood stage near Natchez is 48 feet above gauge zero. At 47 feet, …

Flood Waters Reach Near-Record Levels in Mo. Along Meramec River

Residents’ trust in their community’s new levee was justified Saturday as the earthen wall protected their town from the Meramec River, bloated by heavy rain that caused flooding across the Midwest. The Meramec crested about midday at 37.8 feet, its …

Trial Lawyers Say Recent Study Proves Tort Reform Doesn’t Work

A new study on tort reform by a business-backed institute “proves tort reform does not work,” according to the association for the nation’s trial lawyers. American Association for Justice CEO Jon Haber, representing trial lawyers, said the state rankings recently …

S&P Sees Improved Insurer Enterprise Risk Management in 2008

Standard & Poor’s Ratings Services said that 2008 could see an overall improvement in insurance-industry enterprise risk management (ERM) scores. The firm says a 2006 review of the ERM practices of rated companies showed several dozen companies developing systems to …

Critics Question Insurer Exemption from N.H. Consumer Protection Law

The subprime mortgage crisis is prompting some people to take another look at New Hampshire’s consumer protection law. Six years ago, the Legislature changed the law to exempt the banking, insurance, public utilities and securities industries from the law’s protection …

West Virginia Man Pleads Guilty to Workers Compensation Fraud

A Wyoming County, W. Va. man pleaded Monday guilty to one misdemeanor count of wrongfully seeking workers compensation benefits in an amount less than $1000, according to West Virginia Insurance Commissioner, Jane L. Cline. Charles R. Blessard, 37, of Oceana, …

British Insurers Call for Government Action on Personal Injury Compensation

The Association of British Insurers (ABI) has joined with the Confederation of British Industry (CBI), the UK’s leading employers’ organization, and Citizens Advice to call for the Government to introduce its proposals for reforming personal injury compensation without delay. While …

California Court Allows Policyholders To Question Farmers’ Fees

A California Court of Appeals has allowed policyholders in the Farmers Insurance Exchanges to question alleged excessiveness of management fees charged to them by Farmers Group Inc., a wholly owned subsidiary of Zurich Financial Services. In Benjamin J. Fogel, et …

Insurers Urge California Policyholders To Oppose Vehicle Repair Bill

Three insurance associations are urging Californians to contact their legislators to oppose a bill that they say would influence where consumers get their vehicles repaired following an accident. The bill, SB 1167 by Senator Patricia Wiggins, D-Santa Rosa, is scheduled …

Fire at Wisconsin Civil War Museum Damages Estimated to be $200,000

A fire at a Kenosha, Wis. Civil War museum caused smoke and water damage. Kenosha Fire Battalion Chief Matt Haerter says the fire appeared to be active for hours before a maintenance worker heard alarms go off. Authorities believe spontaneously …