Three companies are recalling nearly 1.8 million children’s folding chairs because the safety locks can fail, causing the chairs to suddenly collapse or fold and catch children’s fingers, the government said. Children have suffered finger lacerations, fractures and finger tip …
Louisiana Commissioner of Insurance Robert Wooley announced that a former insurance producer from Mansura, La., was arrested and issued a cease and desist order for allegedly misappropriating insurance funds. Gordon Mark Scallan, 39, was arrested by the State Police Fraud …
Bermuda-based PXRE Group Ltd. announced results for the second quarter ended June 30, 2005. Highlights for the quarter included: * Net operating income per diluted share was $1.27 compared to $1.21 in the second quarter of 2004; * Net income …
United States Attorney Kenneth Wainstein announced that Tandra T. Vaughn, 31, of SE, Washington, D.C., was sentenced in D.C. Superior Court before the Honorable Rhonda Reid-Winston to a term of 48 months in prison, with all but 10 months suspended …
Disaster Kleenup International Inc., a network of quality, independent property damage restoration contractors, announced that TLC Restoration Inc., a DKI member company located in West Orange, N.J., has introduced a new structural drying company, called AQUADRY Systems LLC. TLC embarked …
The insurance industry now has access to standardized forms to address gaps in coverage in international exposures facing companies doing business overseas. ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, joined with The Association for …
Bermuda-based Arch Capital Group Ltd. reported that net income for the 2005 second quarter was $126.0 million, or $1.69 per share, compared to $104.3 million, or $1.42 per share, for the 2004 second quarter, and $241.9 million, or $3.26 per …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Flynco Inc., Little Rock, Ark., and proposed penalties totaling $40,000 for exposing employees to excavation hazards. “Employers must take necessary precautions to protect employees from workplace hazards,” …
In just two weeks since the President declared three Alabama counties eligible for Individual Assistance, $2.8 million in disaster assistance has been approved to help those affected by Hurricane Dennis, state and federal officials announced this week. “This early in …
You are one of the 104,121 flood insurance policyholders in the Panhandle, and you just got hit by Hurricane Dennis. You’ve filed a claim with your insurance company. What do you do next? * First, be sure that your agent …