Monthly Archives: <span>January 2011</span>

Lloyd’s Looks to Gov’t. Reforms to Reduce Skyrocketing Legal Costs

Lloyd’s leaders have long warned that the “compensation culture” is steadily increasing the costs of legal actions in the UK, as plaintiffs’ lawyers pursue more actions and seek larger recoveries for their clients. An article on the Lloyd’s web site …

U.S. Consumer Product Complaint Database Going Public

The federal government is planning on making its files of customer complaints about products available to the public. The consumer database is scheduled to be launched in March as part of the SaferProducts.gov Web site, although a Republican member of …

Auto Insurance Fraud Ring Arrested in California

Twenty individuals have been arrested in California for operating an auto insurance fraud ring in the Greater Los Angeles Area, the California Department of Insurance reported. An additional three arrest warrants are still pending in connection with the fraud ring. …

Ratings Recap: Computer, FirstComp

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Providence RI-based Computer Insurance Company, both with stable outlooks. Best said the ratings reflect Computer Insurance Company’s “outstanding profitability, conservative operating …

Arkansas Plastic Plant Destroyed by Fire; One Person Hurt

Authorities say one person was hurt in a fire at a plastics plant in Clarksville, Ark. Johnson County sheriff’s deputies say officials were notified about 6:51 p.m. on Jan. 5, 2011, of an explosion and fire at the Camardese Plastics …

Recreation Group Doubles Texas Mutual Dividend

Texas Mutual Insurance Company announced a $200,832 dividend to the Texas Recreation Purchasing Group (TRPG). The group’s second consecutive dividend was based largely on its overall loss ratio. Last year, TRPG earned a $90,634 dividend from Texas Mutual. By continuing …

10 Arrested in Louisiana Arson Fires

Six current and two former Oakdale volunteer firefighters, mostly teenagers, are among 10 suspects facing arson charges after multiple fires destroyed empty structures in Oakdale since April 2010, state and local officials said. State Fire Marshal Butch Browning said the …

Missouri Lawmakers Pledge to Aid Businesses in 2011

The Missouri Legislature convened its 2011 session on Jan. 5, 2011, with many new faces, a looming budget shortfall and a pledge from the state’s largest Republican majority to make quick progress on a pro-business agenda. On opening day, the …

Family of Missouri Man Killed in Work Accident Sues Company

The family of a St. Joseph, Mo., man who died when he was crushed between two vehicles has sued a driver and the company where he worked. Pamela Griggs and her son, Nathan Griggs, sued Deshon Bros. Inc. and driver …

West Virginia Judge Approves DuPont $70 Million Pollution Settlement

A pollution case involving a former zinc-smelter site in West Virginia has been resolved with DuPont agreeing to pay $70 million plus fund a medical monitoring program for area residents. DuPont and lawyers representing 8,500 current and former residents living …