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

North Dakota Insurance Candidate Wants “Revolving Door” Legislation

Rep. Jasper Schneider, D-Fargo, is proposing to bar any state insurance commissioner who resigns from the job voluntarily from working in the insurance industry for one year afterward. He plans to file the bill draft in December. The lawmaker and …

Liberty Mutual Responds to S&P’s Rating Downgrade to ‘A-‘

Boston-based Liberty Mutual Group is not pleased by Standard & Poor’s announcement that it was lowering the Company’s financial strength rating from ‘A’ to ‘A-‘ with a stable outlook, following Liberty’s completion of its acquisition of Safeco. In a bulletin …

Insurance Tab for Hurricane Ike Rising

Close to 50,000 claims have been filed already with a windstorm insurance fund backed by the state of Texas for damage from Hurricane Ike, and thousands more are pouring in each day, Texas’ insurance commissioner said Wednesday. Commissioner Mike Geeslin …

Hearing Focuses on Loss in Insurance Scheme

Five insurance executives convicted of a scheme to manipulate the financial statements of the world’s largest insurance company were back in court as a judge tries to put a price-tag on their crimes. Prosecutors argued Thursday that many investors lost …

Utah Mining Company Fights Worker Comp Claim

The Crandall Canyon mining company is fighting a family’s claim for worker’s compensation benefits for the death of one of the coal miners killed by a cave-in last year. With his paycheck, Juan Carlos Payan was supporting his disabled father, …

Gulf Seafood Industry Crippled by Ike’s Damage

On the eve of October’s peak seafood harvesting season, migrant fishermen are sweeping debris from gutted bay side homes instead of scooping shrimp and oysters from the lucrative Gulf floor. The $100 million fishing industry in Galveston Bay is virtually …

Congressional Candidate Touts Flood Plan

St. Tammany Parish, La.-businessman, Jim Harlan, running for the congressional seat now held by Steve Scalise, released a five-point flood protection plan. His Main point is a proposal for huge flood gates to keep hurricane storm surges from pushing the …

Fire doesn’t stop West Virginia Flea Market

The Milton Flea Market will be up and running just two weeks after a devastating fire ripped through the business. After a heavy cleanup effort, the flea market’s outdoor business will be open Saturday and Sunday, with about 212 booths …

Pennsylvania Campus Theatre Reopens after 2 Months

Lewisburg’s historic Campus Theatre is reopening after being closed for nearly two months due to a fire and flood. A reopening celebration begins at 6 p.m. Thursday with a wine tasting and food donated by area restaurants. The first movie …

12 Racehorses Die in Fire at Louisiana Training Center

Fire tore through a barn at a thoroughbred training center in Bossier Parish, La. killing 12 horses trapped in their stalls. Bossier Parish Sheriff’s investigators, the state fire marshal and agents from the federal Bureau of Alcohol, Tobacco, Firearms and …