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

McDermott Costa Celebrates its 70th Anniversary This Year

April 29, 2008 – San Leandro, CA – Insurance Brokerage firm McDermott-Costa Co., Inc. is celebrating its 70th anniversary this year. McDermott-Costa is recognized as one of the leading insurance brokerage firms in Northern CA specializing in Property & Casualty …

AIR Releases Mexico Storm Model

Boston-based AIR Worldwide announced the availability of its tropical cyclone model for Mexico. “The new probabilistic model will help the industry better manage hurricane and tropical cyclone risk in the growing Latin American insurance market,” said the bulletin. “The unique …

Building Explodes in Florida, Impacts Nearby Businesses, Damages Home

Authorities say one person died in an explosion that destroyed an auto repair shop near Florida’s Tampa Bay area. By the time deputies and firefighters arrived, the engine repair shop had been nearly leveled by an explosion and fire April …

Florida CFO to Politicians: Look at State’s Liability in Commuter Rail Deal

Florida taxpayers would be on the hook for losses due to train accidents in a proposed deal the state transportation department negotiated with CSX Railroad, according to the state’s chief financial officer. CFO Alex Sink said the Department of Transportation …

La. Bail Bond Agent Accused of Operating Without a License

A Baton Rouge, La., bail bond agent has been arrested, issued a cease and desist order, summary suspension and fine notice for allegedly conducting business as a bail bondsman while unlicensed. The agent and company he represented while acting as …

Louisiana Keeps Pressure on Road Home Contractor

Even as it met a deadline to avoid a $3.3 million performance penalty, the private company that runs Louisiana’s Road Home program faced a new $1.65 million fine if it did not meet additional benchmarks designed to get rebuilding aid …

Aftershocks of Midwest Earthquake Expected for Weeks to Come

Geologists who gathered a week after a 5.2-magnitude earthquake shook the Midwest said they expect mild aftershocks to rattle the region for several weeks. The latest aftershock, a 3.7 magnitude temblor, was felt in Evansville on Friday, April 25, 2008, …

N.Y. High Court Says Landlord Liable for Injury to Tenant’s Contractor

New York’s highest court ruled that a Manhattan high-rise owner is liable for injuries to a tenant’s workman, even though the worker was hired without the landlord’s consent in violation of the lease. The 5-2 court majority concluded that allowing …

ACS to Acquire Workers’ Compensation Claims Review Firm CompIQ

Affiliated Computer Services, Inc. has agreed to acquire CompIQ Corp., an Irvine, California-based provider of workers’ compensation claims review, re-pricing and software for $22 million, plus contingent payments based on future financial performance. The transaction will be funded with a …

Pennsylvania Highway Deaths Dropped in 2007

Pennsylvania officials say highway deaths dropped in 2007, but more are being blamed on aggressive driving. The state Department of Transportation says that 1,491 people died on Pennsylvania highways last year. That’s down 34 from the number in 2006. But …