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

European Clubs Want FIFA to Insure Players Injured in International Games

Europe’s top clubs want FIFA to use some of its billion-dollar World Cup revenues to insure players who are injured during international games. European Club Association chairman Karl-Heinz Rummenigge said this week that FIFA’s World Cup income is increasing “thanks …

San Bruno Fire Leaves Many Critically Injured, Homes Destroyed

A Pacific Gas and Electric gas line explosion that occurred at about 6 p.m. on Sept. 9 in San Bruno, Calif., has killed six people, left at least nine people critically injured, and destroyed more than a dozen homes, according …

International Fidelity Fined $442,000 for Bail Bond Violations

Following an examination by Colorado’s Division of Insurance, International Fidelity Insurance Co., a Colorado-regulated casualty company based in New Jersey, must pay a civil fine of $442,000 for numerous violations of insurance law related to Colorado bail bond business. International …

Age Discrimination Trial Against Medford Opens

An age discrimination lawsuit against the city of Medford, Ore., led by the former city attorney claims that a change in insurance carriers and coverage affected mostly older workers. Lawsuits filed by former City Attorney Ron Doyle and Joseph Bova, …

Survey: Backseat Belt Use Doubles in Louisiana With New Law

One year after a new law required back seat passengers to buckle up, a new survey says 58 percent are heeding the requirement and using their seat belts. The Louisiana Highway Safety Commission released the survey Sept. 7. It was …

Ratings Roundup: Colonial Group, Flagstone Alliance, Hannover Re (debt)

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of Colonial Group International Ltd. The outlook for all ratings is stable. Colonial …

S&P Rates Aon’s Debt Issue ‘BBB+’

Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior debt rating to Aon Corp.’s three tranches of recently priced senior debt issues. S&P said it expects that Aon will use the net proceeds from the issues in lieu of …

Coalition to Support Repair of Southwestern Illinois Levees

A coalition of business and civic groups, community leaders and residents is being formed to find ways to raise money and buy time to repair southwestern Illinois’ Mississippi River levees. The St. Louis Metro East Levee Issues Alliance’s formation comes …

Winds Push Fires Through Dozens of Detroit Homes

Winds of up to 50 miles per hour fanned fires that tore through dozens of homes in three Detroit neighborhoods on the night of Sept. 7, officials said. No injuries were reported as of Sept. 8. The National Weather Service …

More Nuclear Workers in Missouri Eligible for Federal Payments

People who handled material for nuclear weapons at a waste-storage site near Lambert Airport in St. Louis are now eligible for special federal compensation. The St. Louis Post-Dispatch reports that the Labor Department expanded the program to include those who …