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

In New Jersey, Hanna Causes Flooding, Power Outages

Tropical Storm Hanna brought heavy rains and high winds to New Jersey on Saturday, but no major weather-related problems were reported as the fast-moving storm made its way along the coast Saturday night. Forecasters said the massive system contained wind …

Hanna Brings Flooding, Flight Delays to New York City

Tropical Storm Hanna dropped a month’s worth of rain within hours Saturday, flooding highways, delaying flights and halting the U.S. Open Tennis tournament. But officials reported no major damage. The storm dropped three or more inches of rain on parts …

Hanna Causes Only Minor Problems in Connecticut

Connecticut is cleaning up after Tropical Storm Hanna blew quickly through the state. Less than 9,000 customers of Connecticut Light and Power were without power Sunday morning. United Illuminating says only a few dozen customers didn’t have power. Hanna dumped …

Man Tossed from Mechanical Bull Sues New York Restaurant

A man has filed a lawsuit saying he was injured when he was thrown off a mechanical bull in a Western-themed New York City restaurant. Aaron Schnore’s lawsuit accuses the midtown Manhattan restaurant of negligence for “allowing and promoting an …

Man Sentenced for Setting Maryland Fire

Federal authorities say a Cockeysville man has been sentenced to 2 1/2 years in prison for setting a house fire for a homeowner who fell behind on his mortgage payments. Thirty-two-year-old Scott Ensor pleaded guilty to an arson conspiracy charged …

S&P Report Says U.K. Auto Insurers Use of Prior-Year Reserves ‘Unsustainable’

Standard & Poor’s Ratings Services has issued an analysis of the U.K. motor insurance industry’s reported results, which concludes that “healthy reported numbers continue to hide high releases from prior-year reserves.” “The stable performance indicated by the headline results, as …

CCRIF Named Re/Insurance Initiative of the Year

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been honored as the “Re/Insurance Initiative of the Year” at the 2008 Review Worldwide Reinsurance Awards. It’s the first such recognition for the 16-month old facility. A CCRIF bulletin described the ward …

Rendezvous Roundup: Guy Carpenter; Aon Global Re; Munich Re

The Annual Reinsurance Rendezvous in Monte Carlo convened this weekend amid concerns over the ongoing credit crisis, the softening of the market and the onslaught of storms in the Caribbean. The current climate for the reinsurance industry is decidedly mixed. …

Workers’ Comp Loss Costs in Kentucky Good News for Employers

A 2008 filing most insurance carriers will use to develop rates for workers’ compensation coverage shows the third straight decrease in loss costs, Department of Insurance Commissioner Sharon P. Clark announced. The loss cost figures show an average reduction of …

Federal Officials: Crashed Plane Stalled after Takeoff in Florida

Federal investigators say a small plane likely stalled after takeoff, causing a crash in the Florida Panhandle that killed a radio personality from Alabama. The National Transportation Safety Board released last week the probable cause of the July 2007 accident. …