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

Texas Review Board Says Insurance Department Works, Offers Changes

Staff of the Texas Sunset Advisory Commission says the Texas Department of Insurance functions well but that the state’s “overall approach to insurance regulation,” may need tweaking. State agencies in Texas are subject to review by the Sunset board every …

Vermont Diocese to Appeal $8.7 Million Sex Abuse Verdict

Vermont’s top Roman Catholic clergyman has written to parishioners around the state, apologizing to the victim in a priest sex abuse case but saying the church will appeal last week’s $8.7 million verdict against the Diocese of Burlington. “I first …

Ratings Recap: Triad, Truckers, Genworth, Arrow, American European, America Fuji, Farm Bureau, American Farmers

Standard & Poor’s Ratings Services has changed the outlook on its ‘B’ long-term counterparty credit rating on Triad Financial Corp. to negative from stable. “The outlook change reflects the company’s weak earnings and difficulty in obtaining stable, long-term funding for …

Mayor of South Carolina Town Pleads Gulity to Misconduct, Fraud

The South Carolina attorney general’s office says the former mayor of the Dillon County town of Latta has pleaded guilty in a misconduct in office case. Attorney general spokesman Mark Plowden told the Morning News of Florence on May 20 …

Federal Loans Available to Mississippi Flood Victims

The U.S. Small Business Administration and the Federal Emergency Management Agency have opened offices for Mississippi flood victims to apply for assistance. Those affected by the flooding Mississippi River can apply for disaster loans. To be considered for additional grant …

Investigator Poses as Contractor to Make Fraud Arrest

When Suffolk County Insurance Crimes Unit investigators were unsuccessful in several attempts to contact Kerry Kirk Mohommed, one of the investigators posed as a contractor and invited Mohommed to give him an estimate on a flooring job. Mohommed showed up …

New York Cops Win $972K Pregnancy-Discrimination Settlement

A settlement has been reached to pay $972,000 in damages to 23 correction officers who had accused New York state of pregnancy discrimination. The announcement was made Wednesday by the U.S. attorney’s office in Manhattan and the Equal Employment Opportunity …

New Report Shows Increase in Pool and Spa Drownings

A new report issued by the staff of the U.S. Consumer Product Safety Commission (CPSC) indicates that the average number of drowning deaths involving children younger than 5 in pools and spas increased from a yearly average of 267 (for …

Louisiana Tells Unlicensed Adjuster to Cease and Desist

A Slidell, La., man has been issued a cease and desist order and hearing notice for allegedly acting as a public adjuster in Louisiana without a license. Stanley Clarke Pore, 48, was served with a cease and desist order and …

Lawsuits Filed Over Lafayette Derailment

Several lawsuits have been filed in state and federal court against Burlington Northern Santa Fe Corp. that seek damages from a train derailment in Lafayette, La., that forced the evacuation of about 3,000 Lafayette residents. Six cars went off the …