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

Best Affirms Tokio Marine/Nichido Fire ‘A++’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit rating (ICR) of “aa+” of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) with a stable outlook. Best also affirmed the FSR …

Companies Cited for Violations in North Texas Explosion

A Texas Railroad Commission has found violations by a natural gas utility and one of its subcontractors connected to a deadly gas-related explosion in a Dallas suburb. The May 16 explosion destroyed two homes in McKinney and sent three people …

Weather Sparks New Califorvia Wildfire Worries

A wildfire that threatened about 70 homes in rural Butte County more than doubled in size when firefighters had to briefly retreat from unpredictable winds unleashed by passing thunderclouds, California fire officials said. The loss of valuable firefighting time allowed …

U.S. Attorney Says Okla.’s Stipe Illegally Ran Insurance Company

U.S. Attorney Sheldon Sperling has filed a complaint against former Oklahoma State Sen. Gene Stipe accusing him of illegally running an insurance company. Stipe pleaded guilty in 2004 of perjury, conspiracy to obstruct a Federal Election Commission investigation, and conspiracy …

Feds Charge 11 in Biggest-Ever Identity Theft Case

Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers. Eleven people, including a U.S. Secret …

New Hampshire Church Ready to Reopen after Arson Repairs

A Laconia, New Hampshire church that was the target of an arsonist two months ago is set to re-open this weekend after extensive repairs. Father Adrien Longchamps expects the Sacred Heart Church to be ready for its first Mass Saturday …

Koster Claims Victory in Missouri Attorney General Race

Attorney general candidate Chris Koster was dogged throughout the Democratic primary about whether he was a true-blue Democrat. Enough Democrats decided he was. Koster, a state senator who switched from the Republican to Democratic party a year ago, declared victory …

N. D. Insurance Agent Accused of $5 Million Theft From Clients

A judge has set bail at $100,000 cash or bond for a Fargo insurance agent accused of stealing more than $5 million from clients. Larry Atkins, 65, appeared on Aug. 5 in East Central District Court on charges of engaging …

Connecticut Company Fined $200K for Alleged Safety Hazards

An Ansonia , Connecticut company faces more than $200,000 in fines for alleged serious and repeat violations of workplace safety and health standards at its Waterbury tube mill. The federal Occupational Safety and Health Administration cited Ansonia Copper and Brass …

350,000 Floridians Need to Reapply for Hurricane Insurance

The state-created corporation that’s become Florida’s largest property insurer says about 350,000 wind-only policyholders will have to reapply for coverage over a yearlong period that begins in February. The procedure is part of a switch to a new computer system …