Monthly Archives: <span>March 2010</span>

I.I.I.’s Hartwig Contrasts Impact of Chilean, Haitian Earthquakes

Why was he death toll over 200,000 when an earthquake struck Haiti, while so far less than 1000 people have died from the one that struck Chile, which was approximately 500 times more powerful? One of the answers lies in …

Chile Steps up Search for Victims in Quake-hit Areas

Chilean rescue crews fanned out with sniffer dogs Wednesday around quake-ravaged cities and villages, some still hoping to find survivors and others to begin the daunting task of recovering the bodies buried under mountains of rubble. Four days after the …

The Importance of Scorekeeping

Most sales teams when confronted with sagging results, realize how essential sales culture is to ones ultimate success. However, defining exactly what is meant by a term as broad and indistinct as “sales culture,” can be more difficult. What’s more, …

Restaurant Work Injury Claims Account for 4% of Calif. Workers’ Comp Claims

Restaurant workers accounted for 6.1 percent of all California job injury claims, but only 4.1 percent of the state’s workers’ compensation benefit payments from 2000 to 2008, the California Workers’ Compensation Institute reported. In its latest “Industry Scorecard,” which provides …

Georgia Supreme Court Defines ‘Accident’ in Multiple Vehicle Case

Is an auto accident that kills one bicyclist and then within seconds injures a second considered one event or two under Georgia insurance law? The Georgia Supreme Court ruled on March 1 that under Georgia law, this constitutes one accident. …

Tarzana Woman Convicted in Stolen Museum Artifacts Case

Nili Shamrat of Tarzana, Calif., was convicted Feb. 23 of receiving stolen property and sentenced to five years of probation and 300 hours of community service in a 27-year-old case that involved the world’s most expensive watch and stolen museum …

Ratings: Western, Hanover (debt), Public Service/Magna Carta, First Hawaii

A.M. Best Co. has downgraded the financial strength ratings to ‘B++’ (Good) from ‘A-‘ (Excellent) and issuer credit ratings to “bbb” from “a-” of Western Insurance Company (WIC) and Western Bonding Company (WBC), both of Reno, Nevada, and has revised …

Oct. Freeze Brings Disaster Aid for 10 Mont. Counties

Farmers in 10 Montana counties could qualify for federal disaster aid, under a declaration announced by federal agriculture officials in response to a crop-killing deep freeze last October. Yellowstone and Stillwater counties were named primary natural disaster areas because of …

Trial set in Life Insurance Claim by South Dakota Widow

A late April jury trial is scheduled in a federal lawsuit filed against a Nebraska insurance company by the widow of a record-breaking high school basketball coach. Micki Tibbetts filed a complaint against United of Omaha Life Insurance Co. on …

Ratings Recap: AIA/AIAB, SOVAG, Coface, PhilNaRe, Generali Rueck

Standard & Poor’s Ratings Services has placed its ‘A+’ counterparty credit and financial strength ratings on American International Assurance Co. Ltd. (AIA) and American International Assurance Co. (Bermuda) Ltd. (AIAB) on CreditWatch with developing implications. The ratings on American International …