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

Execs Say More Can Be Done to Attract New Industry Talent

Young agents today face a number of challenges, including the soft market, a downturn in the economy and learning the skills necessary to become a profitable and successful agent, while the industry continues to struggle with attracting new recruits. Neal …

Former Kentucky Adjuster Gets Jail Time, Ordered to Pay Restitution

A Fayette County, Ky. resident who formerly worked as a claims supervisor is serving the final days of a 60-day jail sentence after pleading guilty to three felony counts of insurance fraud, according to the Kentucky Office of Insurance. Kelly …

Judge in West Virginia Approves Settlements of 3 King Lawsuits

A circuit judge has approved settlements totaling $2.4 million of three malpractice lawsuits that accused a former West Virginia doctor of harming patients. Lawyers for Putnam General Hospital and the hospital’s former owner, Nashville, Tenn.-based Hospital Corporation of America Inc., …

Update: Tennessee Drivers Could Face Reckless Driving Charge for Ignoring Flood Signs

Tennessee drivers who ignore flood warning signs or barricades could be charged with reckless driving under a bill headed to the governor for his consideration. The House voted unanimously on May 6 to approve the measure sponsored by Rep. Curt …

Valiant Names Bossart Chief Claims Officer

New York-based Valiant Insurance Group Inc. has named Jeffrey H. Bossart senior vice president and chief claims officer. Bossart most recently served as regional head of claims for property and specialty lines of business at XL Insurance, part of XL …

University Research Aims to Improve Tornado Predictions

Three hot-air balloons dropped asphalt shingles, lumber, sticks, leaves and pine needles onto a north Alabama landfill, so scientists at The University of Alabama in Huntsville could gather data needed to improve tornado warnings. The payloads dropped by the balloons …

U.S. Court Bars Sex Bias Claim by Maine Mom Denied Promotion

A federal court has blocked a Maine woman from suing her employer for sex discrimination after she claimed she was denied a promotion because of her childcare responsibilities for her four children including 6-year old triplets. Laurie Chadwick complained that …

U.S. Lists Toxic Substances Tied to Occupational Diseases on Web Site

The U.S. Department of Labor has added to its Web site information about occupational diseases associated with toxic substances. The list is of toxic substances found at facilities covered by Energy Employees Occupational Illness Compensation Program Act (EEOICPA). In addition …

Small Earthquake Reported in Northern Virginia

The U.S. Geological Survey says a small earthquake has been recorded in the northern Virgiina-Washington, D.C. area. There have been no reports of damage or injuries. The earthquake occurred at 1:30 p.m. Tuesday, and the epicenter was about a mile …

AXA Q1 Group Sales Fall by 2.7% to $43.5 Billion

France’s AXA Group, Europe’s second-biggest insurer, said first-quarter group sales fell 2.7 percent to €28.066 billion ($43.46 billion) with turnover hurt by adverse foreign exchange rates and the credit crisis. Life and savings new business sales on an annual premium …