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

Georgia Chief Offers Tips on How to Safely Deep Fry Turkey

Deep frying is an increasingly popular way to cook a turkey, but it’s not without its dangers. Insurance Commissioner John Oxendine urges Georgians to be careful when deep frying the holiday bird. He offers some basic tips: Always use turkey …

UPDATE: RMS Gives Preliminary Loss Estimates from UK Floods

Risk Management Solutions has issued a bulletin that presents several possibilities concerning the economic losses from the floods, which have caused extensive damage in northwest England [See IJ web site – https://www.insurancejournal.com/news/international/2009/11/23/105496.htm]. The catastrophe modeling firm notes that the floods …

Partner in Alleged Embezzlement of Iowa Insurer Indicted

A federal grand jury in Iowa has indicted the partner of an alleged embezzler of $5.9 million from the insurance company Aviva USA. According to court records made public Nov. 19, Marla Randolph Stevens is charged with conspiring to commit …

Mississippi Shipyard Explosion Kills 2

Moss Point Police and emergency crews confirmed two people died in an explosion at a Jackson County, Mississippi Shipyard. Emergency crews responded to VT Halter Marine’s Escatawpa shipyard late Friday afternoon. Crews left the scene around 9 p.m. Friday after …

Katrina MRGO Ruling Could Bring New Deluge of Lawsuits

A landmark court ruling blaming the Army Corps of Engineers’ “monumental negligence” for some of the worst flooding from Hurricane Katrina could lead to a new deluge: billions of dollars in legal action from thousands of storm victims. The federal …

Texas Supreme Court Agrees to Rehear Exxon Abandoned Wells Case

The Texas Supreme Court says it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from drilling there. A small …

Lawsuit Filed in South Dakota Alleges Disability Discrimination

A former employee of Trail King of South Dakota alleges in a lawsuit that he was a victim of disability discrimination when he was fired for promoting his wife’s Avon business to co-workers. Gregory Miller’s federal court lawsuit against Trail …

Wisconsin Technical College Creates Insurance Education Program

Madison, Wis., Area Technical College has launched an Insurance Certificate Program to respond the needs of the growing insurance industry in that state. Wisconsin has the 6th largest concentration of insurers in the nation employing over 65,000 people statewide and …

S&P Upgrades Crum & Forster Ratings to ‘A-‘; Fairfax ‘BBB-‘ Rating Affirmed

Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Crum & Forster Insurance Co. and related entities to ‘A-‘ from ‘BBB+’. S&P also affirmed its ‘BBB-‘ counterparty credit rating on Fairfax Financial Holdings Ltd. …

Procter & Gamble Recalls Vicks Sinex Nasal Spray

Procter & Gamble Co. said it is voluntarily recalling three lots of Vicks Sinex nasal spray because of potential bacterial contamination. The Cincinnati-based company said it discovered the bacteria B. cepacia in the nasal spray made in its Gross Gerau, …