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

Florida Homeowners’ Lawsuit Alleges Defective Chinese Drywall

A group of Florida homeowners sued German drywall maker Knauf Gips KG, its Chinese plasterboard units and several U.S. homebuilders on Monday, alleging contaminated drywall is sickening U.S. homeowners. The lawsuit said defective Chinese-made drywall was used during a building …

City Fighting Workers’ Comp Claim of Oklahoma Firefighter

City officials in Edmond, Okla., are challenging court rulings in favor of a firefighter who claims his colon cancer is a work-related injury because of the smoke, hazardous materials and chemicals he was exposed to on the job. Tim Vernon, …

Central Texas Wildfire Destroys Homes, Businesses

A wildfire that began Saturday, Feb. 28, and was fueled by high winds, grass, brush and trees has destroyed at least fire destroyed 28 homes, 12 businesses and more than 20 outbuildings in Central Texas. The fire was about 70 …

Virginia Legislature Passes Novelty Lighter Ban

A bill to prohibit stores from selling novelty cigarette lighters to juveniles is on its way to Gov. Tim Kaine. The bill passed out of the legislature Saturday after negotiators took out a proposal to ban the sale of any …

Best Downgrades Hartford’s Life and P/C Ratings; Outlooks Mostly Negative

A.M. Best Co. has downgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “a+” from “aa-” of the key life/health (Hartford Life) insurance subsidiaries of The Hartford Financial Services Group, …

Best, S&P See No Change in AIG’s Ratings, But Outlook Remains Negative

A.M. Best Co. and Standard & Poor’s Ratings Services have both issued statements in relation to American International Group’s announcement of a $61.7 billion fourth quarter loss, and the subsequent increase in financial support from the U.S. Treasury (See related …

Ratings Roundup: Tower, Magna Carta, Wolverine

A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer ratings (ICR) of “a-” of the new York-based Tower Group Companies and its pooled members. Best also …

Fire Causes $30K in Damage to Oklahoma Shopping Center

A fire at a south Tulsa, Okla., shopping center has caused about $30,000 in damages but caused no injuries. Tulsa fire officials say firefighters responded to a blaze in a computer store at the south end of the Alameda Shopping …

Study: Advanced Radiology Services in Workers’ Comp Overpaid by 30-40%

Today, more than two-thirds of advanced radiology services are performed without the benefit of a specialized network, according to research analysis performed by One Call Medical, a firm that provides diagnostic testing for workers’ compensation. “Diagnostic radiology costs now represent …

Connecticut Insurance Department Recovered $3.1M in 2008

The Connecticut Insurance Department says it recovered nearly $3.1 million on behalf of consumers last year – on par with previous year’s recoveries from resolving consumers’ disputes and complaints. “We are here to help, and I think this demonstrates that …