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

Officials Say Delaware Blaze Was Arson

Delaware fire officials say a fire that heavily damaged a building near Newport earlier this month was a case of arson. It took firefighters three hours to control the blaze in the single-story building. Damage was estimated at $500,000. Chief …

U.S. Seeks China’s Help for Homeowners with Drywall Claims

The U.S. is hoping China will help persuade its manufacturers of tainted drywall to cooperate in helping homeowners fix their homes, the chairman of the Consumer Products Safety Commission said. Inez Tenenbaum, in Shanghai for meetings with her Chinese and …

BP Fund Claims Payments Top $1.5 Billion

Best Affirms Torus Insurance and Operating Subsidiaries Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus Insurance (UK) Limited, Torus Specialty Insurance Company and Torus National Insurance …

Best Places Brit’s Ratings Under Review with Negative Implications

A.M. Best Europe – Rating Services Limited has placed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the UK’s Brit Insurance Limited (BIL) and the ICR of “bbb” of Netherlands-based Brit Insurance Holdings …

Texas’ September Enforcements Bring Nearly $734K in Fines, Restitution

The Texas Department of Insurance enforcement actions that became final during September 2010 include seven license revocations, and fines and restitution totaling $733,514. An order imposing disciplinary measures becomes final 20 days after the agent or insurance company has received …

OSHA Fines Michigan Construction Company $57,600

The U.S. Department of Labor’s Occupational Safety and Health Administration has cited B.O.S.S. Construction of Hillsdale, Mich., with one alleged willful and one serious safety violation for failing to protect workers from falls at a Monclova, Ohio, residential construction jobsite. …

Texas Construction Contractor Fined $82K for Alleged Safety Violations

The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Francisco Rubio, a Sunnyvale, Texas-based framing contractor, for two alleged serious and 10 alleged repeat violations for failing to protect workers from fall, electrical and struck-by hazards at …

Louisiana Commissioner Donelon Elected Secretary-Treasurer of NAIC

The National Association of Insurance Commissioners (NAIC) elected Louisiana Insurance Commissioner James J. Donelon as Secretary-Treasurer for 2011 at the fall meeting on October 21, 2010. Donelon is presently serving on the Executive Committee of the NAIC and is chairman …

Earthquake Hits Wyoming; Landslide Reported

A magnitude 4.6 earthquake hit northwest Wyoming just before noon Sunday, Oct. 24, apparently triggering a landslide on a quarter-mile stretch of a hiking trail, but no injuries have been reported. Some hikers may have been further up the trail …