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

New Baltimore Fire Response Policy Runs Hot, Warm and Cold

The Baltimore Fire Department is announcing a new response system that it says will save money and increase safety for responders and civilians on city streets. Under the new policy set to begin in August, responses will be deemed “hot,” …

U.S. Agriculture Chief Cites Obstacles to Aid to Farmers Hurt by Flooding

The U.S. agriculture secretary says he is concerned that legal hurdles prevented much immediate federal help for Midwestern farmers faced with serious setbacks because of flooding. “I think everybody is frustrated because there’s never enough you can do,” Ed Schafer …

Court Strips West Va. Bank Executive of Punitive Damages Award

A West Virginia man who says his association with the failed First National Bank of Keystone cost him his banking career should be stripped of a $2.4 million damage award, a federal appeals court has ruled. The 4th U.S. Circuit …

S&P Puts Allied World On CreditWatch Negative after Darwin Deal

Standard & Poor’s Ratings Services has placed its ‘BBB’ counterparty credit rating on Bermuda-based Allied World Assurance Co. Holdings Ltd. (AWH) on CreditWatch with negative implications. S&P also placed its ‘A-‘ counterparty credit and financial strength ratings on AWH’s operating …

S&P: Affirms QBE’s Ratings; Praetorian Upgraded to Core Status

Standard & Poor’s Ratings Services has affirmed its insurer financial strength and counterparty credit ratings on holding company QBE Insurance Group Ltd. (currently rated ‘A-‘) and QBE’s core operating entities (all rated A+). The rating outlooks on the holding company …

Hurricane Center Tracking ‘Tropical Wave’ in Atlantic Ocean

The National Hurricane Center in Miami said it is currently tracking a “strong tropical wave over the extreme eastern Atlantic Ocean about 330 miles southeast of Sal in the Cape Verde Islands.” The NHC said satellite images indicate that the …

N.Y. Court Denies Undocumented Alien Added Workers’ Comp

New York’s top court has ruled that an undocumented alien injured while working as a printer properly received basic workers’ compensation, but he wasn’t eligible for additional payments because of his legal status. Ronnie Ramroop got temporary disability benefits for …

What You Get When Purchasing Insurance Leads

Many insurance agents do not look into purchasing leads because they have no idea of how this process works. Additionally, they are not exactly sure as to what they will receive. Before you purchase insurance leads, it is definitely a …

Effectively Using E-Sign to Underwrite UM/UIM Coverage

In most states, insurance companies are required to offer uninsured motorist (UM) and underinsured motorist (UIM) coverage as part of an automobile liability policy. Typically, underwriting must offer UM/UIM coverage in writing. Failure to provide a written offer of UM/UIM …

Rhode Island Top Court Overturns Landmark Lead Paint Ruling

Rhode Island’s top court Tuesday overturned a landmark lower court ruling that three former manufacturers of lead paint were liable for creating a public nuisance by covering up the health risks of lead paint. The three former lead paint makers …