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

Killer Storm Gustav Gains Strength; Could Threaten U.S. Gulf Coast

After causing more than 20 deaths in Haiti, Tropical Storm Gustav is now heading for Cuba, Jamaica and the Cayman Islands. The latest update from Miami’s National Hurricane Center indicates that Gustav is gaining strength, as it moves over the …

Maple Leaf Takes Blame for Food Poisoning Outbreak

Maple Leaf Foods Inc’s chief executive said Wednesday his company was fully accountable for an outbreak of listeriosis food poisoning, which has been linked to the deaths of 15 people in Canada. Michael McCain said food regulators or regulations were …

Morach Appointed Regional Claims VP for California State Fund

California’s State Compensation Insurance Fund has appointed Jürg Morach vice president, Central Valley North-Claims. In this capacity, he will oversee dedicated claims operations in three regional offices: Redding, Sacramento, and Stockton. Morach brings nearly 20 years of State Fund claims …

McAuley Woods and Associates’ Adrian Smith to Expand Midwest Presence

West Palm Beach, FL, August 28, 2008 — McAuley Woods and Associates is excited to announce that it has completed negotiations with Adrian Smith, CEO of Geneva Risk Services, to open McAuley Woods of the Midwest. Adrian’s current team of …

Best Affirms Gen Re’s A++ Rating

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Re Group and its members. The ratings apply to General Reinsurance Corporation (Delaware) and its core P/C and …

California Commissioner Proposes Pay-As-You-Drive Regulations

California Insurance Commissioner Steve Poizner has proposed regulations that would make green auto insurance option available for California consumers. If implemented, pay-as-you-drive auto insurance would allow motorists to more accurately pay for the coverage they need, by linking their premium …

Fire Near Draper, Utah, Threatens 112 Buildings

A 600-acre wildfire near Draper, Utah, continues to threaten more than 100 buildings. Fire officials said Aug. 26, 2008, they’re trying to establish containment lines around the blaze. On Aug. 25, more than 60 homes in nine Draper neighborhoods were …

Study: Only 42% of Teen Passengers Report Wearing Seat Belts

A new study on teen driving habits and safety found that 59 percent of teens always buckled up in the driver seat but only 42 percent always wore seat belts as passengers. However, only 38 percent of all teens in …

Appeals Court Throws out $241 Million Award in Executive Life Suit

An appeals court on Monday, Aug. 25, 2008, tossed out a $241 million award won by the state of California in a lawsuit stemming from the takeover of failed insurer Executive Life by French investors. The 9th U.S. Circuit Court …

Update: Florida Claims Continue to Mount in Fay’s Wake

With Tropical Storm Gustav on deck in the Caribbean, insurance claims from Tropical Storm Fay continue to mount while the storm’s rain producing potential manifests throughout Alabama, Georgia and the Carolinas. The Florida Office of Insurance Regulation reported the latest …