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

Ratings Roundup: Catlin (US), R.V.I., Companion, AmTrust

Standard & Poor’s Ratings Services has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to Catlin Speciality Insurance Co. (CSCI) and Catlin Insurance Co. Inc. (CICI) (together Catlin US). The two companies “are expected to represent the …

States Urge U.S. High Court to Protect Pharmaceutical Consumers

Vermont and 46 other states have filed an amicus curiae brief with the U.S. Supreme Court arguing that states should have the power to protect consumers when drug manufacturers fail to warn patients about known health risks. The brief, filed …

Belron Promotes 3 to Senior Vice President

Three key leaders representing supply chain, client sales and support and marketing/brand development have been promoted to the position of senior vice president by Belron US the nation’s leading vehicle glass repair and replacement company. Dino Lanno, Pete Pearson and …

Underwriter Reinsurance Co. Ordered to Stop Selling Insurance in Okla.

Oklahoma Insurance Commissioner Kim Holland has ordered Underwriter Reinsurance Co., also known as The Underwriter Group, to refrain from selling unlicensed, unauthorized insurance in her state. The Oklahoma Insurance Department reported that an investigation found The Underwriter Group, headed by …

Arson Fire Guts Classroom Trailers at Georgia School

A Gwinnett County, Georgia fire investigator says a weekend fire at Brookwood High School was arson. The Aug. 16 blaze damaged two trailers that were being used as classrooms. According to Fire Captain Thomas Rutledge, someone intentionally started the fire …

Jockey Club Calls for Safety Risk Study on Kentucky Derby Field

A Jockey Club panel will be studying whether the number of horses allowed into the Kentucky Derby poses a safety risk. The annual Run for the Roses at Churchill Downs in Louisville, Ky. regularly draws 20 horses to the race. …

Alabama Troopers to Crackdown on Speeding, Impaired Driving

Yes, there will be more Alabama state troopers patrolling state highways this week. Beginning Aug. 18, troopers were on the lookout for drivers who violate traffic laws. The Department of Public Safety said troopers will also use vans called “BAT …

Nebraska Legislator Pushes for Change in Seat Belt Law

A Nebraska state senator wants to change the state’s seat belt law. Sen. John Harms of Scottsbluff wants to make the law a primary violation, which means a driver could be pulled over for not buckling up. Under current law, …

Tropical Storm Fay Reaches Florida, Fails to Reach Hurricane Status

Tropical Storm Fay remained at tropical storm status when it arrived on Florida’s mainland. As of 8 a.m. EDT (Aug. 19), Fay’s center was north of Immokalee and about 20 miles south of LaBelle and moving toward Lake Okeechobee, according …

Amerigroup Lawsuit Settled for $225 Million in Illinois Fraud Case

An insurance company giant has agreed to pay $225 million to settle a lawsuit that accused it of discriminating against pregnant women and other high-risk patients in Illinois. The Illinois attorney general’s office announced the settlement with Virginia-based Amerigroup on …