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

Tennessee Teens Plead Guilty in Greeneville Warehouse Fire

Two teens pleaded guilty to charges resulting from a warehouse fire that damaged the adjacent Andrew Johnson Homestead in Greeneville, Tenn. Matthew Rose and Jory Ramirez, both 18 and both from Greeneville, pleaded guilty Sept. 24 in U.S. District Court …

Alabama Beach Repairs Could Take a Year, Could Cost $13 Million

Damage estimates indicate hurricanes Gustav and Ike washed about a million cubic yards of sand apiece from Alabama’s Baldwin County beaches, and repairs could cost more than $13 million. Gulf Shores Public Works Director Mark Acreman said it will take …

Texas Windpool Not Denying Claims on a Blanket Basis, Spokesman Says

A spokesman for the Texas Windstorm Insurance Association says rumors that the association will deny Hurricane Ike claims on a blanket basis are unfounded, untrue and completely misleading. “TWIA’s guidelines are, and will continue to be, to look at each …

New Texas Work Comp Commissioner: We’ve Come a Long Way

The Texas workers’ compensation system is not yet working perfectly, but “it has come a long way,” says the state’s new Commissioner of Workers’ Compensation Rod Bordelon. In a speech before an audience of workers’ compensation professionals, Bordelon praised the …

Lexington Arranges Reinsurance from Berkshire for Property Policies

Surplus lines insurer Lexington Insurance Co. reported that it has arranged a contingent property reinsurance cover from Berkshire Hathaway’s National Indemnity Co. for its real estate portfolio. The cover is also for policies having limits of $250 million or greater, …

Study Shows Increase in Treatments per Workers’ Comp Claims

The National Council on Compensation Insurance, headquartered in Florida, posted a new research study regarding a continuing increase in treatments per workers compensation claims. NCCI says in recent years, workers’ compensation medical costs have grown dramatically and that there are …

California Workers’ Comp Insurance Rating Bureau Reports Q2 Results

The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has released its summary of the second quarter insurer results, which ended June 30, 2008. The report lists the following statistics: -California written premium (gross of deductible credits) for the first …

New York Insurance Regulator to Oversee AIG Asset Sales

New York State Insurance Superintendent Eric Dinallo, who heads a national panel of state regulators overseeing possible sales of assets by American International Group (AIG), has asked an investment advisory firm to help out. Centerview Partners will advise the insurance …

Delaware Cites 132 in Aggressive Driving Campaign

Delaware officials say more than 100 speeding citations were issued last week as part of the statewide “Stop Aggressive Driving” campaign. The state Office of Highway Safety says 132 speeding violations were issued from Sept. 15 through Sunday, bringing the …

FEMA Delays Flood Insurance Rule for Illinoisans Near River

Illinois residents and businesses in the St. Louis metropolitan area will not yet be forced to pay more for flood insurance than counterparts on the Missouri side of the Mississippi River, the Federal Emergency Management Agency decided. FEMA’s decision means …