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

As Actors Strike Looms, Insurance for Studios Assumes Lead Role

The final chapter to the tumultuous writers strike has been written, but Hollywood is bracing for a possible a sequel to the costly walkout — this one starring film and television actors. While the TV industry has rushed to bring …

Georgia: Firefighters Arrested and Charged in Irwin County Arson Case

Insurance and Safety Fire Commissioner John W. Oxendine said four additional arrests have been made in a serial arson case involving Irwinville volunteer firefighters, and additional charges have been filed against the four suspects already arrested. Eight suspects have been …

ATF Investigating Blaze at Historic Pa. Building

The federal Bureau of Alcohol, Tobacco, Firearms and Explosives is investigating the fire that destroyed a historic building at Conneaut Lake Park in Pennsylvania The 99-year-old Dreamland Ballroom was destroyed Feb. 1. A state police fire marshal has been was …

Mass. Jury Awards $14.5M in Surgery Malpractice Case

A Bay State jury has awarded $14.5 million to the family of a 30-year-old Chelmsford, Mass. woman who died one day after undergoing thyroid surgery at Brockton Hospital. The lawyer for Shannyn MacPherson’s husband said she developed uncontrolled bleeding that …

Feds Say Former Willis Exec Should Forfeit $1.9M Home, Condo

A former exec at Willis Management in Vermont has been charged with embezzling more than $2.2 million from the captive insurance manager. Thirty-six-year-old Kenneth MacKay – a former senior vice president – is accused of using money from the company …

Hiscox Warns UK Businesses on Increasing Employee Lawsuits

According to figures released today by the UK’s Hiscox, “nearly two thirds of smaller businesses are leaving themselves hugely exposed to legal action from their own employees, despite the number of employment tribunals increasing by 15 per cent last year.” …

Lloyd’s Examines Third Party Liabilities from ‘Space Junk’

Lloyd’s examines the potential liabilities from falling space debris, following the U.S. North American Aerospace Defense Command’s (NORAD’s) successful destruction of a U.S. spy satellite. The article on the Lloyd’s web site (www.lloyds.com) traces the successful destruction of the satellite …

Fitch Conference Call Today Analyzes Bermuda (Re)Insurance Market

Fitch Ratings will host a teleconference today, Wednesday, March 5, to discuss the Bermuda insurance and (Re)insurance markets and trends expected to affect this industry in 2008. Fitch’s analysts will also delve into the agency’s first discussion of a separate …

PWIB Announces Change of Name and Launch of New Divisions

ATLANTA, March 5, 2008 – Insurance Specialty Group, LLC (“ISG”) is the holding company, which owns Pacific Wholesale Insurance Brokers, LLC (“PWIB”). ISG is pleased to announce the change of business name of its wholesale brokering operations from PWIB to …

Arizona Insurance Department Helps Settle $7 Million-Plus in Claims

The Arizona Department of Insurance (ADOI) is reporting that it responded to 5,020 complaints in 2007 and assisted thousands of Arizona consumers in settling insurance company disputes and helping them recover $7.5 million in claim settlements and refunds. The figures …