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

Clogged Dryer Vent Suspected in Minnesota Fire

Investigators are looking at an electrical short or a clogged dryer vent as possible causes of a weekend fire at an Elk River apartment building. No one was injured in Saturday’s fire at Lions Park apartments, a 61-unit complex. The …

Vermont Woman Dies in Fire

Vermont State Police fire investigators are searching for the cause of a fire that killed a 57-year-old St. Albans woman. Christine Malbouef was found inside the Lower Newton Street home around midday Sunday. She was pronounced dead at the hospital. …

Fire at L.A. Printer Injures 1, Damage in Millions

Authorities said a fire at a printer in northeast Los Angeles caused millions in damage and left one woman injured. Spokeswoman d’Lisa Davies said the fire in the Atwater Village area near Glendale broke out at a one-story commercial building …

Kentucky’s ‘Worst Storm on Record’ Prompts Disaster Declaration Request

Kentucky Gov. Steve Beshear requested a presidential disaster declaration to help recover costs for public damages suffered in some 70 counties and cities across the commonwealth. As of Sept. 19, Beshear said 29 counties and more than 41 towns and …

Kentucky Seeks Federal Assistance for Drought-affected Farmers

Kentucky Gov. Steve Beshear sent a request to U.S. Secretary of Agriculture Ed Schafer requesting that the U.S. Department of Agriculture disaster assistance be made available to farmers across the commonwealth due to crop losses resulting from widespread drought conditions …

Texas Issues Data Call to Insurers in Hurricane Ike’s Aftermath

The Texas Department of Insurance (TDI) is conducting a mandatory data call for certain information related to claims in the counties of Angelina, Austin, Brazoria, Brazos, Chambers, Cherokee, Fort Bend, Galveston, Gregg, Grimes, Hardin, Harris, Houston, Jasper, Jefferson, Liberty, Madison, …

Max Cap Details Gustav, Ike Losses; Interim Investment Results

The Bermuda-based Max Capital Group Ltd. announced preliminary estimates of claims for Hurricanes Gustav and Ike that range from approximately $35 million to $50 million, net of reinstatement provisions. Max Cap said the “loss estimates are based on its proprietary …

ACE Europe Launches IT Security Policy

ACE Europe announced that it has launched “ComputerGuard Plus,” its comprehensive IT hardware and network security policy, on the Safeonline broking system. “Brokers using the Safeonline system can now quote and bind their ComputerGuard Plus policy in one quick easy …

Marsh Notes Increase in UK Class Actions Spurs Coverage Demands

A combination of “class action contagion from the US and growing economic uncertainly have spurred an unprecedented surge in the demand for management liability insurance among the UK’s top firms,” according to a survey from Marsh. Marsh indicated that, “two …

S&P: UK Construction, Manufacturing SME’s Face Greatest Default Risks

A study, released in London by Standard & Poor’s Risk Solutions, analyzes the 2007 year end financial returns of UK SME’s [small and medium enterprises]. It found that, “not surprisingly,” the sector with “the highest default risk in 2008 is …