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

House Bill Would Block Federal Rule on Workers’ Chemical Exposure

A House committee chairman is trying to stop the Bush administration from implementing a late-term rule that could make it harder to limit worker exposure to dangerous chemicals in the workplace. Rep. George Miller, D-Calif., chairman of the Education and …

Marsh Survey of National Oil Companies Finds Increased Risks

A new report published by Marsh examines the possible consequences of the current state of the petroleum industry. Marsh identified “limited oil and gas resources; the recruitment and retention of a qualified workforce; and, energy price volatility as the most …

ACE Europe Upgrades Irish D&O Cover

ACE Europe has announced an extension to its Elite IV Directors & Officers (D&O) liability insurance cover. “The ACE Elite IV Entity Endorsement responds to the increased exposures faced by Irish companies, their directors and senior managers as a result …

Maryland Fire Destroys 19th-Century Church

A 19th-century church in Hampden, Maryland has been destroyed by fire. Firefighters say they arrived at the Mount Vernon United Methodist Church about 6 a.m. Saturday and were still working to extinguish the three-alarm blaze four hours later. Baltimore fire …

North Dakota Workers Comp Agency Changes Benefit Appeals Process

North Dakota’s workers compensation agency plans to resume using independent judges to review disputes over benefits for workers who are hurt on the job, its director says. Two attorneys who represent injured workers suggested the change was influenced by a …

N.Y. Showing of Prejudice Before Insurers Disclaim for Late Notice

The New York Legislature passed a bill that will impact the state’s insurance laws by requiring a showing of prejudice before insurers can disclaim coverage for late notice. Gov. David Paterson signed the bill into law on July 21. The …

Officials Rule New Hampshire Barn Fire Arson

Officials said the four-alarm fire at an Epsom, N.H., barn last week was arson. Merrimack County Sheriff Scott Hilliard said he expects an arrest next week. He said the suspect is an adult who does not live in Epsom. The …

Police Say Arson at Root of E. Idaho Fires

Authorities in eastern Idaho say a series of wildfires in recent years, including the largest so far this year, may be the work of arsonists. Power County Sheriff Jim Jeffries says he is now looking for help from the public …

Ratings Roundup: Congregational, Abu Dhabi National

Standard & Poor’s Ratings Services has lowered its counterparty credit and insurer financial strength ratings on the UK-based Congregational & General Insurance PLC to ‘BB+’ from ‘BBB-‘. S&P also placed its ‘BB+’ rating on the company on CreditWatch with negative …

Ratings Recap: Hanover, Assurant, Wadena/IMT, Berkshire Hathaway, Finial

A.M. Best Co. and Standard & Poor’s Ratings Services have both reacted positively to The Hanover Insurance Group’s (THG) announcement that has reached agreement to sell its remaining run-off life insurance business. Best said it sees no change in any …