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

Arkansas AG Subpoenas Gas Retailers for Ike-Related Price Spikes

Arkansas Attorney General Dustin McDaniel has begun issuing subpoenas over spikes in fuel prices at 52 gas stations around the state as Hurricane Ike approached the Texas coast. McDaniel said more than 1,450 people phoned his office with complaints and …

Hurricane Ike Tests Texas Windstorm Association’s Ability to Pay Claims

The Texas Windstorm Insurance Association (TWIA) on Sept. 17 announced that anticipated claims from Hurricane Ike will force it to use the entire $370 million remainder of its Catastrophe Reserve Trust Fund, according to the Texas Coalition of Affordable Insurance …

University of Kentucky Study: ATV Size Guidelines Inadequate

Researchers at the University of Kentucky found that inadequate size guidelines for all-terrain vehicles may be a contributing factor to a recent string of injuries and deaths. The study results announced Sept. 17 found national guidelines don’t account for variances …

Update: Six Flags Sues Ride Maker over Kentucky Injury Accident

The owner of a Louisville, Ky. amusement park where a ride malfunction severed a teenage girl’s feet filed suit against the manufacturer of the thrill ride. The Courier-Journal reported Six Flags Kentucky Kingdom claims the manufacturer, Intamin, should be held …

New York Bond Insurers Sue Alabama County over Debt

New York bond insurers sued Jefferson County, Ala. over an outstanding debt for its sewer system. Attorneys for Financial Guaranty Insurance Co. and Syncora Guarantee Inc. filed the complaint in Birmingham federal court Sept. 16. Those two firms have insured …

Lawyers in West Virginia Tire Fire Suit Reap Rewards

A settlement in West Virginia for Nitro and St. Albans residents forced indoors by a 2006 tire fire has also reaped rewards for the lawyers who represented them. Court documents obtained by the Charleston Daily Mail show that $475,000 of …

Candle Mishap in Kentucky Causes $50,000 Damage

Fire officials say the tiny flame from a lit candle perched near a window started a blaze that caused $50,000 worth of damage to a northern Kentucky house. The candle was being used for light after wind storms on Sept. …

Hurricane Ike to Cost Insurers $7B to $12B, RMS Says in Revised Tally

Risk Management Solutions (RMS), the catastrophe risk modeling firm, has refined its estimate for U.S. onshore and offshore insured losses from Hurricane Ike to $7 to $12 billion from its original estimate of $6 to $16 billion. This estimate includes …

Maine Court Asked to Nix Church Immunity in Abuse Case

Maine’s supreme court is being asked to overturn the concept of charitable immunity in a church abuse lawsuit. A lawyer told the Maine Supreme Judicial Court that the Roman Catholic bishop knew the Rev. Raymond Melville had “pedophilic tendencies” when …

Aon Warns ‘Poor Packaging’ in Fashion Industry Could Affect Claims

“Poor packaging by the fashion industry could mean that insurers refuse to pay claims for damaged goods in transit – not to mention that replacement clothing and accessories are unlikely to be delivered in time to catch the season,” warns …