Monthly Archives: <span>March 2007</span>

Former La. Insurance Agent Arrested on Fraud Charges

The Louisiana State Police Insurance Fraud and Auto Theft Unit announced the arrest of a former Iberia Parish insurance agent on charges of Insurance Fraud and Forgery. Troopers believe David Sampy, 43, of Sugarhill Drive in New Iberia, altered the …

Houston Orders Residents Out of Complex Deemed Dangerous

The city of Houston has ordered an estimated 265 residents to move out of an apartment complex by April 1 because of dangerous health and safety conditions. Violations at the Carter’s Grove Apartments included electrical hazards, backed-up sewage, leaky roofs …

Ark. Gov. Signs $575M Highway Bill, Other Measures into Law

Arkansans will be able to vote on a proposal to issue $575 million in bonds for highway improvements and authorities will be able to track purchases of a key ingredient in methamphetamine under measures signed into law March 27 by …

Report Pits Oil Against La. Oyster Farmers

Some oyster farmers in Louisiana may be using unused leases solely in hopes of collecting damage settlements from oil companies, according to a new report that is sparking tension between the seafood and energy industries. An oyster-industry representative blasted the …

Virginia Police Traffic Sting Catches 3,500 Drivers in 2 Days

Virginia police stopped more than 3,500 drivers for traffic violations during a statewide crackdown along Interstate 64 last Friday and Saturday. Virginia State Police’s “Operation Air, Land & Speed” safety initiative targeted more than 200 miles of the state artery. …

Probe Uncovers 3,500 Safety Violations on CSX Railroad Properties

Federal railroad officials said this week that an investigation found more than 3,500 problems with CSX Corp. railroad properties in 23 states, a probe started in response to a series of accidents involving the company’s trains. The Federal Railroad Administration’s …

Firm Sues U.S. to Gain Access to Ford Motor Tire Injury Data

A research firm that has studied tire failures on Ford Motor Co. sport utility vehicles is suing the nation’s transportation agency for access to roadway death and injury data. Quality Control Systems Corp. said the National Highway Traffic Safety Administration …

Tenn. House Leader Blames Republicans for Med Mal Failure

Tennessee House Judiciary Chairman Rob Briley on Tuesday said a compromise over medical malpractice lawsuits will not be passed because Senate Republican Leader Mark Norris reneged on part of the agreement. Briley, D-Nashville, said Norris’ presentation to the Senate Judiciary …

Best Affirms CastlePoint’s Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda’s CastlePoint Reinsurance Company Limited (CPRe). Best also assigned an FSR of “A-” (Excellent) and an ICR of …

Fitch Upgrades Lloyd’s Ratings

Even before it announced record profits (see related article) Lloyd’s received good news from Fitch Ratings, who announced that it has upgraded Lloyd’s Insurer Financial Strength (IFS) rating by one notch to “A+,” and the Society of Lloyd’s Issuer Default …