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

Settlement Reached in Idaho Orthopedist Antitrust Case

Federal and state officials have reached a settlement with Boise, Idaho, orthopedists accused of antitrust practices related to workers’ compensation insurance. Idaho’s attorney general and the U.S. Department of Justice accused the orthopedists of agreeing not to treat most patients …

Texting While Driving Ban Now Law in Vermont

It’s now illegal to text while driving in Vermont. Gov. Jim Douglas signed the ban into law Tuesday at the Montpelier High School, joining at least 25 states that have banned the practice. The measure also bans the use of …

CSU Team Increases 2010 Atlantic Hurricane Forecast to 10

The 2010 Atlantic hurricane season is likely to produce 10 hurricanes, five of them major, the Colorado State University hurricane forecasting team said Wednesday, increasing a previous estimate for a “very active” season. The report confirms earlier warnings that more …

Garage Storing Fireworks Explodes in NYC; 1 Burned

An explosion has destroyed a garage where fireworks and fuel were being stored at a New York City home, setting off a fire and severely burning one man over 50 percent of his body. The 31-year-old unidentified man was taken …

U.S. Probes Ford Fusion, Mercury Milan Over Trapped Pedal Reports

U.S. safety regulators have opened a preliminary investigation into the possibility that accelerator pedals could be entrapped by floormats in Ford Motor Co. 2010 Fusion and Mercury Milan sedans. The National Highway Traffic Safety Administration said it had verified three …

Hail Loss Claims Up 61%; Suspicious Claims Up 136%

The number of hail loss claims filed with insurers increased by 61 percent, from 256,000 in 2006 to over 413,000 in 2009. At the same time, the number of claims referred for suspected fraud increased by 136 percent, from 301 …

New Florida Law Adjusts Property Assessments for Drywall Effects

Florida Governor Charlie Crist today signed legislation making properties affected by imported or domestic drywall eligible for an adjustment of their assessed value. The bill, HB 965, applies to the 2010 and subsequent assessment rolls and is repealed on July …

AIR Analyzes Agatha; Despite Damages Insured Losses Not ‘Significant’

Catastrophe risk modeling firm AIR Worldwide described the early tropical storm Agatha as “short-lived, but deadly,” as it “wreaked havoc in Central America over the weekend. Agatha benefitted “from low wind shear and sea surface temperatures of 30°C,” said AIR, …

Insurance Australia Group Strengthens UK Claim Reserves

Insurance Australia Group (IAG) has announced that “due to a significant deterioration in UK claim experience, in particular bodily injury claims, it had conducted a further independent actuarial review of its UK business. “As a result, in FY10 the Group …

Investigators to Visit Massey West Virginia Coal Mine Today

Investigators probing the nation’s worst coal mining disaster in 40 years plan to enter the Upper Big Branch mine for the first time today, owner Massey Energy Co. said. Unsafe levels of toxic and explosive gases have kept federal and …