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

A.M. Best Affirms ‘A’ Rating of Lloyd’s

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Co. (China) Limited. A.M. Best said it believes that underwriting discipline at Lloyd’s is likely …

Blogs Can Get Insurance Clients ‘SLAPP’ed!

A Dade County, Florida real estate developer in January 2008 filed a $25 million lawsuit against a real estate blogger alleging, among other charges, defamation of character based on the blogger’s opinion published solely on his blog (MiamiCondoInvestments). Hollo v. …

Economic Downturn Dooms Florida Hurricane Supplies Tax Break

Economic woes have forced Florida lawmakers to ax a pair of popular tax breaks as parents prepare to return their children to school next month and the state readies itself for hurricane season. Prompted by dismal revenue projections, Florida lawmakers …

New Hampshire Family Says Motorcycle Helmet Saved Life

The family of a Nashua, New Hampshire, motorcyclist says his helmet saved his life as he fell four stories after crashing into a parking garage wall this week. Leon Belesca, 28, vaulted over the wall and fell to the pavement …

Maine Highway Police Stop Driver for Watching TV Show

Maine state police say a Kentucky motorist had an excuse when she was stopped because she watching a TV show while driving on I-95. Spokesman Steve McCausland says the motorist told a trooper that she was tired and was watching …

FINEOS Claims ® selected by the Lifetime Care & Support Authority (LTCSA) of New South Wales

– FINEOS to deliver automated claims management solution for catastrophic personal injuries – Dublin, Ireland, July 14, 2008 – FINEOS Corporation, a global provider of innovative enterprise software solutions for insurance, bancassurance, and government, has been selected by the Lifetime …

Ark. Bank Files Insurance Claim After Employee Allegedly Steals $2.1M

On July 8, Conway-based Home BancShares filed a notice with the U.S. Securities and Exchange Commission that said a senior officer at one of its banks embezzled $2.1 million. John Allison, Home BancShares’ chairman and CEO, later declined to name …

Storm Causes Damage to New Colts Stadium

Three roof drains in Lucas Oil Stadium sprang leaks when thunderstorms hit Indianapolis, leading to some water damage in a data center and other areas. But stadium officials say the damage shouldn’t delay the Aug. 16 public opening for the …

Wis. Man Loses Classic Cars with Damage Estimates of $100,000 to Flood

Many property owners suffered large losses in the June 2008 flooding event in southern Wisconsin. But few lost a fleet. James Pritzlaff’s collection of classic cars is still under about 4 feet of water that overflowed from Lower Genesee Lake. …

Update: Construction Flaw in North Carolina Parking Deck Collapse

An engineering report says a construction problem more than 20 years ago caused the May collapse of a part of a parking deck in Charlotte, North Carolina. The Charlotte Observer reported July 10 the four-story parking deck was designed so …