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

Mississippi AG Wants Court to Intervene in BP Oil Spill Claims

U.S. courts must compel the administrator of BP’s $20 billion oil spill fund to meet his legal obligations and stop short-changing victims of the Gulf of Mexico disaster, Mississippi said on Tuesday. Until now, “sweeping deficiencies and violations of law” …

91,000 Claims But BP Business Ally Only Firm to Get Final Payment

BP’s compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of people and businesses waiting for checks, records show, and that $10 million payout went to a company after the …

Toyota Seeks Dismissal of Minnesota Suit Over Imprisonment After Crash

Attorneys for Toyota Motor Corp. asked a federal judge on Monday to dismiss most of the claims filed by a Minnesota man who was incarcerated after a fatal crash involving a 1996 Camry, saying the automaker had no direct connection …

Louisiana, South Carolina Firms Settle Safety Whistleblower Suit

The U.S. Department of Labor says companies in Louisiana and South Carolina are settling a lawsuit alleging they illegally fired a crane operator in Texas for making safety and health complaints. It reported that the man repeatedly told his employer, …

New York Lawsuit Accuses Toshiba of Discrimination

A human resources manager at a Toshiba America Inc. subsidiary sued the company for $100 million, accusing the electronics giant of discriminating against women. Elaine Cyphers of Mecklenburg County, N.C., brought the lawsuit in U.S. District Court in Manhattan against …

Vermont Contractor Fined over Worker’s Bridge Fall

A Vermont contractor is being fined $3,500 after a worker fell 30-feet from a Putney bridge into the passing lane of Interstate 91. J.A. McDonald of Lyndon Center was fined for failing to keep employees from falling through holes more …

Large Sinkhole Forms in Intersection in Texas

A 10-foot-deep, 20-foot-wide sinkhole has formed in an intersection in eastern Austin, Texas Austin Water Utility officials tell the Austin American-Statesman that they expect the 30-foot-long sinkhole at the intersection of Mildred and Willow streets will take up to three …

Ratings Roundup: Assurant, Brickstreet

Standard & Poor’s Ratings Services announced that its ratings on Assurant Inc. (BBB/Stable/A-2) and its related companies were unaffected by the announcement that Assurant will take a noncash goodwill impairment charge of $306 million (after taxes) for the fourth quarter …

Ratings Recap: Everest Re (Canada), Cologne Re (Ireland), Gulf Insurance

A.M. Best Co. has assigned a financial strength rating of ‘A+’ (Superior) and an issuer credit rating of “aa-” to Everest Insurance Company of Canada (EvCan), both with stable outlooks. Best noted that EvCan is “licensed to write property, automobile, …

Best Withdraws Ratings of QBE U.S. Subsidiaries Due to Reorganization

A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Blue Ridge Insurance Company (BRIC) (Sun Prairie, WI), United Security Insurance Company (USIC) (Greenwood Village, CO) and Capital City …