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

Oregon Reminds Insurance Producers of Fingerprint Rules

The Oregon Department of Consumer and Business Services, Insurance Division, is reminding insurance producers of new fingerprint rules that were adopted on Dec. 9, 2008. According to DCBS, the rules OAR 836-072-0001 to 836-072-0045 were designed to protect the insurance-buying …

Kentucky Police Use Computer Program to Track Stolen Property

A computer program is helping western Kentucky police track down stolen property that’s been sold to pawn shops. Paducah’s five pawn shops submit records of transactions, including serial numbers of items bought or pawned, into a system at leadsonline.com. Police …

Traffic Fatalities in Tennessee Lowest in 45 Years

State officials say preliminary numbers indicate Tennessee could have its lowest number of traffic fatalities since 1963. Kendall Poole, executive director of the Governor’s Highway Safety Office, said that the number could dip below 1,000. The Department of Safety reports …

Group Urges Tennessee Residents to Avoid Ash from Coal Plant

Authorities need to more strongly warn residents that muck left from a major coal-ash spill in eastern Tennessee could pose health risks, a southern environmental group said Saturday. The Tennessee Department of Environment and Conservation said Friday that the mixture …

New York Giant Burress Fumbles Insurance on $140K Mercedes

Add this to the growing list of Plaxico Burress’ problems: getting in a car crash and not having insurance on his nearly $140,000 Mercedes-Benz. The suspended New York Giants wide receiver was sued last week in Florida’s Broward County Circuit …

AIG Buys $16 Billion of Collateralized Debt Obligations It Insured for Default

American International Group says it purchased $16 billion of complex financial instruments in an effort to reduce its exposure to insurance guarantees written against the instruments. The insurer bought investments known as collateralized debt obligations, which are bonds backed by …

California Insurance Broker-Agent Convicted of Theft

Former insurance broker-agent Alfred Fontanilla Abad of Lakewood, Calif., has been convicted and sentenced on one felony count of grand theft and one felony count of attempted bribery of an executive officer, according to the California Department of Insurance. Abad …

North Carolina Insurance Agent Arrested on Embezzlement Charges

North Carolina Insurance Commissioner Jim Long reported that Kenneth Rick Morrow of Marion, a licensed insurance agent, was arrested last week and charged with nine counts of embezzlement, nine counts of obtaining property by false pretense, and eight counts of …

Minnesota Mold Expert Wishes Homeowners Would Take Control

On the surface, Michael Ring’s business is about finding mold in people’s houses and getting rid of it. But shortly after he started Moldex eight years ago, Ring discovered he’s actually in the education business. He’s seen plenty of horror …

Safety Problems Found at Nevada Casino

Clark County officials have found deficiencies in fire safety equipment at Bill’s Gamblin’ Hall & Saloon on the Las Vegas Strip during a test performed earlier this month. An independent fire investigator told the Las Vegas Review-Journal that the problems …