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

Illinois Mother Settles Malpractice Lawsuit for $15.35 Million

An Aurora, Ill. mother has settled a malpractice lawsuit for $15.35 million with a hospital and doctor after her son suffered brain damage at birth six years ago. Vanessa Jenkins gave birth to her son, Cody Smithey, at Valley West …

2008 a Record Year for Storm Damage in Georgia, Says Insurance Chief

Insurance Commissioner John Oxendine says 2008 has turned into a record year for storm damage in Georgia, with more than $400 million in insured losses during the first five months. Oxendine said that documented insurance claims in Cherokee County, north …

Viacom Copyright Suit Against YouTube Called Threat to Online Media

A $1 billion copyright infringement lawsuit challenging YouTube’s ability to keep copyrighted material off its popular video-sharing site threatens how hundreds of millions of people exchange all kinds of information on the Internet, YouTube owner Google Inc. said. Google’s lawyers …

Colorado Tornado, Hail Damage Adds Up To Estimated $147M in Damage

Colorado residents in Windsor and surrounding communities are starting the process of repairing and rebuilding their homes, following May 22’s tornadoes and hail and wind storm. Meanwhile insurance companies have sent staff to the affected areas to assist customers with …

CGL Extends Coverage for Injury Arising from Defective Construction

Property damage resulting from defective construction is unquestionably excluded in the commercial general liability policy; but what about bodily injury? And is injury or damage caused by the growth and proliferation of mold covered because it is not excluded by …

Connecticut Schools Create Insurance Degree Program

Students at two community colleges in Connecticut can now earn a college degree in insurance and financial services. Gov. M. Jodi Rell says the state Department of Higher Education has approved an associate of science degree in the field. The …

Separate Good Lead Generation Services from the Bad

More and more agents are finding that traditional methods of lead generation are no longer effective. For this reason, they are turning to online lead generation services for help. But before you join them, you will want to make sure …

Specialty Lamp Recalls Counterfeit Circuit Breakers Due to Fire Hazard

The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. Product: Counterfeit Circuit Breakers labeled as “Square D.” …

Anti-Bias Laws Cover Retaliation Claims, U.S. Supreme Court Rules

Employees who complain of racial bias in the workplace and then face retaliation can sue under a post-Civil War-era law barring discrimination, the U.S. Supreme Court ruled Tuesday. In a second similar decision, the high court ruled that a provision …

Ratings Roundup: Civic Assurance, Ballantyne Re

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of New Zealand Local Government Insurance Corporation Limited (Civic Assurance) with a stable outlook. “The rating affirmations reflect Civic Assurance’s solid risk-based …