Monthly Archives: <span>January 2009</span>

Southern California Insurance Broker Charged With Stealing

Insurance Broker Craig Randall, 51, of Porter Ranch, Calif., has been arrested and charged with 13 felony counts for theft of funds and forgery. If convicted, Randall could face up to six years in prison. Randall, owner of EZ Discount …

Americans Continue to Drive Less

Americans continue to drive less, according to data released from Federal Department of Transportation. New data released suggests America’s trend of declining driving started its second year with a loss of 12.9 billion vehicle-miles traveled (VMT), or 5.3 percent less, …

Auto Thefts Down in Tulsa

Police in Tulsa, Okla., say that a 30 percent drop in auto thefts last year is largely due to officers targeting thieves who snatch cars to make quick cash from scrap metal. Roughly 2,500 vehicles were reported stolen in 2008, …

Idaho Bread Company Recalls Peanut Butter Cookies

An Idaho baking company is recalling batches of peanut butter cookies and peanut butter bars due to potential for salmonella contamination. Evening Rise Bread Co., based in McCall, issued the recall Monday, Jan. 19. Company officials say the cookies and …

Survey: Small Businesses Plan for Contingency; Expect Cutbacks in 2009

Many small business owners say that they’re prepared to eliminate some positions or reduce the number of hours employees work as part of their contingency planning for 2009, according to a recent survey. Almost half of the small businesses surveyed …

Former North Carolina Commissioner Ingram Fights Insurance Claim Denial

A former North Carolina insurance commissioner has appealed a decision by the state health insurance plan to deny his claim for about $15,000 in transportation expenses. Former commissioner John Ingram, 79, traveled from his home in Myrtle Beach, S.C., to …

Mississippi Trial Starts in Cooper Tire Suit Against Law Firm

Testimony began this week before a federal jury in Oxford in a $189 million lawsuit by Cooper Tire & Rubber Co. against one of Mississippi’s top legal firms and other lawyers. The tire company’s action against attorney John Booth Farese …

2 Hurt in Crane Accident at Louisiana Power Plant

Two workers have been injured in a crane accident at Cleco Corp.’s Rodemacher power plant near Boyce, La. Both workers are employed by The Shaw Group Inc., which is building the $1 billion plant expected to open this summer. A …

New York: Insurers Did Not Steer Customers to Certain Body Shops

An investigation by the New York Insurance Department has found that auto insurers in the state did not engage in a widespread effort to steer consumers to certain auto body shops – a violation of state law. However, in some …

Ratings Roundup: Ocidental Companhia, First Capital, HSBC, NEMI

Standard & Poor’s Ratings Services has placed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on Ocidental Companhia Portuguesa de Seguros de Vida, S.A., Ocidental Companhia Portuguesa de Seguros, S.A., and Companhia Portuguesa de Seguros de Saúde, S.A.–the …