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

Dresdner Posts Q1 Loss; Allianz Confirms Profit Decline

Dresdner Bank stayed in the red in the first quarter after writing down €845 million ($1.3 billion) on structured finance investments, keeping it in the spotlight as parent Allianz works to split it in two. Dresdner posted a quarterly operating …

NIAC Board Declares $4.2 Million Dividend to California Nonprofits

The Board of Directors of the Nonprofits’ Insurance Alliance of California (NIAC) has declared a dividend to be paid to nonprofit insureds in California. During 2008 and 2009, 3,200 nonprofits insured with NIAC will receive a total dividend of $4.2 …

4 Workers Hurt in Explosion at Mill in Southern Alabama

Four employees were injured in an explosion and fire that damaged an Alabama building-products mill early on May 7, company officials said. The injured workers at Louisiana-Pacific Corp.’s Oriented Strand Board mill were taken to a Mobile hospital for treatment. …

New Mississippi Supreme Court Building Floods

The Mississippi Supreme Court is rescheduling cases after the new Gartin Justice Building was flooded on all four floors. The building houses the Supreme Court and Court of Appeals, among others. Judges and their staff moved into the building in …

Five Effective Insurance Marketing Tips

Once you are established as an insurance agent, you will want to do whatever you can to improve your marketing power. The better your insurance marketing plan the more money you are going to earn. With the five tips below …

AIG Posts Big Loss Due to Mortgage Woes; Insurance Results Decline, Too

The world’s biggest insurance company, American International Group Inc. (AIG), posted a big quarterly loss — $7.81 billion — largely due to write-downs related to bad mortgage investments. AIG blamed much of the loss on the continuation of the weak …

Baby Food and Bottle Warmers from Munchkin Recalled Due to Fire Hazard

The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. Name of Product: Deluxe Bottle and Food …

Ratings Recap: Calif. Auto/Mercury, Arrowhead, Louisiana Farm, Chubb, Triad

Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on California Automobile Insurance Co. (California Auto) to ‘A+’ from ‘A’. S&P also affirmed its ‘AA-‘ counterparty credit and financial strength ratings on Mercury Casualty Co. …

3 Indicted in Okla. for Defrauding Government of Hurricane Katrina Relief

A federal grand jury in Oklahoma has indicted three people for allegedly trying to obtain Hurricane Katrina disaster relief through fraud. The panel in Tulsa indicted James Ishmel Hayes Sr., 44, and Sybil Lynn Hayes, 41. Terry James Ruffin, 52, …

Nursing Homes Part-owned by Oklahoma Legislator Cited for Violations

An Oklahoma state legislator who partially owns two nursing homes that have been cited for health and safety violations said his facilities struggle with the same issues faced by every nursing home. Hugh Robert, executive director of the Oklahoma Center …