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

OSHA cites Mass. roofing company in fatal accident

Federal investigators have cited a Massachusetts roofing company for violating safety standards after a truck carrying a bucket lift toppled and crashed into a Boston building, killing one worker and seriously injuring another. The U.S. Occupational Safety and Health Administration …

Best Affirms Omega Specialty, Lloyd’s Syndicate 958 Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Omega Specialty Insurance Company Limited (OSIL), both with stable outlooks. In a separate action Best also affirmed its Syndicate Rating …

S&P Affirms/Withdraws Some Swiss Re Operating Company Ratings

Standard & Poor’s Ratings Services has affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on various operating companies belonging to global reinsurer Swiss Reinsurance Company Ltd. (Swiss Re; A+/Stable/A-1). The ratings were subsequently withdrawn at the request …

Santa Paula Man Arrested in Connection with Workers’ Comp Insurance Fraud

Armando Jaramillo Landa, 41, of Santa Paula, Calif., has been arrested and charged with one felony count of insurance fraud, the California Department of Insurance reported. Landa was booked at the Oxnard Police Department. CDI investigators determined that Landa claimed …

Double Your Agency Revenue: Fact or Fiction?

San Francisco, California – July 15th, 2009 – Astonish Results, an aggressive insurance marketing company, is making some very bold claims in their advertisements. But are they really backing it up with “astonishing results?” “Double the size of your agency …

Sotomayor’s Long Record in Ruling on Business Cases

Sonia Sotomayor, nominated by President Barack Obama for the U.S. Supreme Court, has a lengthy record of rulings in business cases as a federal judge in New York. But legal experts said Sotomayor does not appear to be either particularly …

Ex-Professor Sues University of New Hampshire over Sex Harassment

A former University of New Hampshire marketing professor has sued the school and the university system, saying they ignored her sexual harassment complaints against a supervisor and fired her in retaliation in 2006. Amy Kallianpur filed her lawsuit in federal …

Insurers to Pay $2.8M in New Jersey Strip-Search Settlement

A southern New Jersey county has approved a $4 million settlement that could end a class-action lawsuit over strip searches done at its jail. The suit claimed unnecessary strip searches were conducted on thousands of men and women at the …

Judge Orders Testimony Into Kentucky Plant’s Environmental Practices

Residents who live near the Paducah Gaseous Diffusion Plant in western Kentucky may soon have a better idea of what happened to their property. U.S. Magistrate Judge Robert Goebel earlier this month ordered plant operators Union Carbide Corp., and Lockheed …

Telemarketing Scheme Leads to License Revocation for Texas Agents

The Texas Department of Insurance (TDI) has revoked the licenses of three insurance agents found to have engaged in fraudulent or dishonest acts or practices under the Texas Insurance Code while selling annuities to senior citizens through a telemarketing operation. …