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

AutoClaims Direct Appoints Gamertsfelder Director of Corporate Accounts

Machelle Gamertsfelder of Prescott, Ariz.-based AutoClaims Direct has been promoted to director of corporate accounts. “Having served as an account manager for two years, Machelle has displayed an unmatched work ethic and her desire to gain additional knowledge while taking …

Colorado Windsor Tornado Insurance Costs Total $193.5 Million

The tornado that devastated the community of Windsor, Colo., on May 22, 2008, added up to an estimated $193.5 million dollars in insured damage from approximately 24,000 auto and homeowner claims — making it Colorado’s most expensive tornado, the Rocky …

$12M Settlement Reached in Lawrence, Kan., Apartment Fire

The families of three people killed in a 2005 apartment fire in Lawrence, Kan., as well as several people who escaped with injuries will share a $12 million settlement. Boardwalk Apartments and its management company, Terrace Management Services of Kansas …

Ratings Recap: Echelon, Calabash Re III

A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb+” of Canada’s Echelon General Insurance Company. Best also affirmed the ICR of “bb+” of Echelon General’s publicly traded parent, EGI Financial …

America’s Fire Departments Worried Over Impact of Continued Recession

The current economic crisis is negatively affecting fire departments across the country, according to a survey of firefighters. More than half of all fire departments said the poor economy meant they had to increase fundraising efforts or grant writing due …

Auto Thefts Down Dramatically in Texas But Car Burglaries Rise

Praise the work of auto theft task forces or new car manufacturers or both for the dramatic drop in auto thefts in Texas. Criminals are stealing older vehicles simply because they’re finding it harder to bypass anti-theft devices that manufacturers …

2nd Lawsuit Filed Over E. Coli Outbreak in Oklahoma

A wrongful death lawsuit has been filed against a Locust Grove, Okla., restaurant where an E. coli outbreak killed one man and sickened hundreds last summer. Cynthia Ingle, the widow of victim Chad Ingle, filed the complaint in Mayes County …

Ratings Recap: Georgia Farm, Okla. Farm, State Auto, Premier, Medmarc

A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and issuer credit ratings to “bbb+” from “a-” of Georgia Farm Bureau Group and its members, Georgia Farm Bureau Mutual Insurance Company and Georgia Farm …

Fitch Advises Florida Insurance Market Remains ‘Fragile’

Fitch Ratings agency is advising that the Florida property insurance market is “fragile” and remains a “peak risk zone.” The Florida assessment is included in a Fitch report for investors right before the 2009 hurricane season starts and right after …

Deal Trims Fine in Fatal 2007 Maryland Mine Collapse

Federal regulators have agreed to reduce to $100,000 from $180,000 the fine levied against a western Maryland coal company for a 2007 accident that killed two miners, the firm’s lawyer said. The settlement agreement between the Mine Safety and Health …