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

South Carolina Surveys Tornado Damage

Teams are surveying damage from a spring storm that brought hail, high winds and at least one confirmed tornado but no reported injuries to South Carolina. Kim Campbell with the National Weather Service in Columbia said Saturday that surveyors were …

Tucson Insurance Agent License Revoked for Misappropriating Premium

The Arizona Department of Insurance (ADOI) revoked the insurance licenses of Herbert Zaring III and his agency, Arizona Policies Unlimited Inc. in Tucson. An insurance agent in Arizona since 1981, Zaring sold insurance to businesses in southern Arizona and, on …

Consumer Credit Class Action Suit Returned to Alabama Jury

The federal appeals court in Atlanta has overturned a judge’s ruling which dismissed class-action lawsuits in Alabama accusing two businesses of failing to safeguard consumers’ credit information. The plaintiffs claimed Mexican Specialty Foods Inc. and Rave Motion Pictures of Birmingham …

Montana Court: Insurer Must Indemnify Maker of WAG Bag

An insurer must cover the losses of a Bozeman, Mont., business that was sued for supplying substandard disposable toilet bags, the Montana Supreme Court ruled. The attorney for plaintiff Revelation Industries Inc., Robert L. Sterup of Billings, said the ruling …

Best Affirms Zenith, Subs ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Zenith National Insurance Group and its members, Zenith Insurance Company (Zenith) and ZNAT Insurance Company (ZNAT), a wholly owned subsidiary …

Best Removes Ironshore from Review; Affirms Ratings

A.M. Best Co. has removed from under review with negative implications and affirmed the issuer credit rating (ICR) of “bbb-” of Cayman Islands-based Ironshore Inc. Best has also removed from under review with negative implications and affirmed the financial strength …

Oklahoma Commissioner Declares Emergency After Wildfires

Oklahoma Insurance Commissioner Kim Holland has declared a state of emergency to allow insurance companies to more rapidly respond to the recent Oklahoma wildfires. The declaration enables emergency adjusters to be temporarily licensed to expedite the insurance claims process. “My …

Fire Damaged Casino in Illinois to Re-open in June

Officials at the fire damaged Joliet Empress Casino in Illinois have said that the casino will likely open by the end of June, an announcement that was cheered by workers at the operation. Frank Quigley, vice president and general manager …

Mena, Ark., Recovers From Tornado; 600 Homes Damaged or Destroyed

Arkansas National Guard soldiers and state prisoner work crews in Mena, Ark., removed debris April 11 while firefighters and volunteers from all over pitched in to help residents recover from a devastating tornado and prepare for a new round of …

Midwest States Studying Truck-Only Interstate Lanes

Illinois is one of four states studying a proposal to create separate lanes for commercial trucks traveling along 800 miles of Interstate 70. Officials from Ohio, Indiana, Illinois and Missouri have signed a development agreement that includes using $5 million …