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

Federal Mine Officials Issue Final Rule on Underground Seals

The nation’s coal operators have six months to submit plans for complying with new federal requirements covering stronger seals and increased monitoring to ward off explosions in underground coal mines. The changes stem from a Jan. 2, 2006, methane gas …

Homes, Businesses Submerged as Mississippians Plug Seeping Levee

That little Dutch boy from the flooding fable has nothing on Lee Jones and the crew at J.M. Jones Lumber Co. in Natchez, Miss. Forget fingers. Jones, his sons and their employees have been using 1,000-pound sandbags to plug holes …

North Carolina Fire Takes 2 City Blocks, Former Tobacco Warehouse

Fire has destroyed the warehouse of the former Imperial Tobacco Co., which covered two city blocks in downtown Greenville, N.C. The Daily Reflector of Greenville reported that the fire’s cause was unknown, although officials called it suspicious. Greenville attorney Tom …

Mississippi Insurance Commissioner: Check Policy for Earthquake Coverage

The earthquake that struck the Midwest today should serve as a reminder to many Mississippians that they too are at risk for earthquake damage. Mississippi Commissioner of Insurance Mike Chaney urges all Mississippians to check their homeowner policy for earthquake …

W.R. Grace Takes Montana Asbestos Arguments to High Court

W.R. Grace is asking the U.S. Supreme Court to review pretrial rulings in the government’s case charging the company with trying to hide health risks associated with its vermiculite mine in Libby, Montana. The chemical manufacturer filed a petition this …

Rating Roundup: Ironshore

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Ironshore Insurance Ltd. and Ironshore Reinsurance Ltd. (both of Bermuda). Best also affirmed the ICR of “bbb-” of Ironshore’s …

Ratings Roundup: Indemnity, Safety, HCC, NAICO

A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” to Indemnity Insurance of DC Group (IIDC) and its members, all with stable outlooks. These ratings also apply to Indemnity Insurance Corporation …

What’s An Agent to Do When a Potential D&O Claim Arises?

A situation that could lead to a directors and officers liability claim arises. What’s an agent or broker to do? According to Susanne Murray of the New York office of insurance broker HRH, an expert in D&O liability coverage, the …

Man Who Fled to Georgia Sentenced for Workers’ Comp Fraud in Texas

Texas Mutual Insurance Company reported that a Travis County district court has sentenced a Los Fresnos, Texas, man on workers’ compensation fraud-related charges. The court sentenced Frank Tisdale to five years’ probation. It also ordered him to pay $6,849 in …

Taxpayers in Missouri Flood Zones Have Until May 19 to File

Taxpayers living in the 35 Missouri counties approved for federal flood disaster assistance have until May 19 to file and pay taxes. The IRS and Missouri Department of Revenue consider taxpayers who live in, have businesses in, or employ tax …