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

2 Plead Guilty in West Virginia to Insurance Fraud Related Charges

West Virginia officials sentenced two Kanawha County women on insurance fraud related charges last week, according to Insurance Commissioner, Jane L. Cline. Tina Marie Browning, 40, of Eskdale, W. Va., was indicted on one felony count each of forgery and …

Appeals Court Vacates $1 Million Award in Mississippi Katrina Case

A federal appeals court threw out a $1 million punitive damage award Monday to a Mississippi couple who sued the nation’s largest insurance company over Hurricane Katrina damage. The 5th U.S. Circuit Court of Appeals in New Orleans also ordered …

Mines Lack Safety Equipment 2 Years After Sago Tragedy, U.S. Says

Underground coal mines lack stockpiles of breathable air and communications gear for trapped workers, according to a federal report released this week, nearly two years after a series of mine fatalities led to Congress requiring the industry to install more …

Long-Sought Pennsylvania Mine Safety Bill Hits New Snags

A new disagreement has erupted over efforts to overhaul Pennsylvania’s 1961 mine safety law, threatening a compromise forged more than five years after the rescue of nine miners in western Pennsylvania spurred a push for tougher regulations. The bill, which …

Judge Approves $4.5M Settlement Against Tyson Foods Directors

A Delaware Chancery Court judge has approved the settlement of a shareholder lawsuit against directors and executives of Tyson Foods but reserved judgment in a dispute over attorney’s fees. The settlement approved by Chancellor William Chandler III calls for Don …

Lloyd’s Finds 25 New Risks for Industry to Worry About

As if the insurance industry didn’t already have a heaping plate full of risks, Lloyd’s has summarized the results of a scientific conference and added 25 more. An article on its web site (www.lloyds.com) analyzes the “invasive potential of artificial …

S&P Report on U.K. Insurance Market – Stable Despite Cycle, Economic Risks

Standard & Poor’s Ratings Services’ latest review of the U.K. insurance market – “Insurance Industry Risk Analysis: U.K. Economic Risk Increases But Unlikely To Put Pressure On Non-Life Ratings” – concludes that, “despite the strength of results and ratings, the …

San Francisco Board of Supervisors Votes to Use General Fund for Workers’ Comp Clinic

San Francisco’s Board of Supervisors has voted to override Mayor Gavin Newsom’s veto to spend $246,000 of the city’s general fund to pay for a city-run Ordinance appropriating $246,000 from the General Fund Reserve to the Human Resources Department to …

Consumer Advocates Criticize Allstate’s Claims Practices

A California consumer advocate group is condemning Allstate for allegedly “systematically underpaying claims to policyholders, or forcing them into protracted court battles to secure a fair settlement.” According to Consumer Watchdog, formerly the Foundation for Taxpayer and Consumer Rights, the …

Indiana Insurance Plans Four School Safety Seminars in Illinois

Indiana Insurance, a Liberty Mutual Agency Markets regional company, recently announced that it is hosting four Safer Schools Seminars in Illinois during April. Designed for superintendents, principals, resource officers, and risk managers, these free, half-day seminars inform school officials on …