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

FEMA Gets 16,000 Aid Requests from N.J. for April Storm Damage

Federal Emergency Management Agency officials received grant applications from nearly 16,000 New Jerseyans whose homes were flooded in April. Monday. June 25, was the deadline to apply. FEMA approved nearly $17 million in individual assistance grants to more than 9,300 …

Recipe for Lawsuit: Restaurant Serves Up Intellectual Property Claim

One Manhattan restaurant is serving up an intellectual property lawsuit, saying a rival seafood bar run by a former protege copies “each and every element” of its business. Rebecca Charles, who opened the Pearl Oyster Bar in the West Village …

Mistrial Declared in Va. Man’s Sex Abuse Claim Against Vt. Diocese

A mistrial was declared this week in the case of a Virginia man who accused the Roman Catholic Diocese of Burlington, Vermont of negligence for the alleged actions of one of its priests. Chittenden County Superior Court Judge Ben Joseph …

Pa. Hospitals Report Surgery Errors Caught Every Day But Many Occur

Pennsylvania hospitals reported making serious mistakes in the operating room — using the wrong procedure, operating on the wrong body part or even the wrong patient — 174 times during a 21/2 year period, according to a report released by …

Okla. Commissioner Testifies before Congressional Panel on Medicare

Oklahoma Insurance Commissioner Kim Holland told members of a Congressional panel on Tuesday, June 26th that insurance companies are preying on elderly Oklahomans by selling unnecessary Medicare plans. Holland traveled to Washington, D.C. to testify before the U.S. House Committee …

Over 200 Dead in Pakistan Floods; Thousands Left Homeless

Thousands of people were stranded on rooftops and tree branches Wednesday as cyclone-spawned floods surged through towns and villages of Pakistan’s coastline, officials said. Off the coast in the storm-tossed Arabian Sea, navy warships and helicopters searched for missing vessels, …

Private Equity Firms Face Increased Litigation, Says Marsh Report

According to a survey by Marsh’s UK office, “almost half of private equity firms believe they will face an increased level of lawsuits over the next two years.” 47 percent of those surveyed predicted an increase, while 43 percent said …

RMS Releases New European Earthquake Model

Risk Management Solutions has launched an extensive new model for earthquake risk in Europe, which it believes is the “most comprehensive model of its type.” It covers Austria, Belgium, Germany, Italy and Switzerland, as well as Liechtenstein and Monaco. “The …

Best’s Rating Actions on R&SA-Canada

A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A-” (Excellent) and assigned issuer credit ratings (ICR) of “a-” to Royal & Sun Alliance Insurance Company of Canada (RSA Canada) and Quebec Assurance Company. Best also affirmed the …

Nationwide Adds $25 Million to Miss. Slab Claim Reevaluations

The Nationwide Insurance Companies, who agreed to voluntarily reevaluate Hurricane Katrina slab cases in April, have paid an additional $25 million in claims payments since the reevaluation process began, according to Mississippi Insurance Commissioner George Dale. Over 11,000 claimants filed …