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

U.S. Reinsurers’ Report Premiums Dropped in 2d Quarter

The Reinsurance Association of America (RAA), a group of 22 U. S. property and casualty reinsurers, reported writing $12.2 billion of net premiums during the six-months ended June 30, 2007, a decrease of $7.5 million from the same period in …

Iowa: 2007 Deadliest for Motorcycle-deer Accidents

Nine Iowans have died this year of injuries from motorcycle-deer collisions, setting a record for the state, according to transportation officials. Scott Falb, a driver safety specialist with the Iowa Department of Transportation, said eight people died in motorcycle-deer crashes …

Washington L&I Makes Appointments to Advisory Committees

Washington’s Department of Labor and Industries (L&I) announced appointments to medical and chiropractic advisory committees that will assist the department in providing high-quality, safe and cost-effective treatments for injured workers. “The committees will help L&I continue to lead the way …

Texas Comp Division Takes Steps to Secure Confidential Information

The Texas Department of Insurance Division of Workers’ Compensation announced that in the effort to increase the security of confidential information in the workers’ compensation system it revised the majority of its forms to require only the last four digits …

Conn. Contractor Fined Over Fatal Blast

Federal safety regulators have fined an electrical subcontractor $4,900 for an underground explosion that killed a worker in downtown Waterbury,Conn. earlier this year. The Occupational Safety and Health Administration cited American Electrical Testing Co. of Canton, Mass., for “serious” safety …

Insurer’s Civil Suit Warning Halts Probe of N.C. Lacrosse Rape Case

A special committee probing the Durham, N.C. Police Department’s handing of the Duke lacrosse rape case has stopped its work because the city’s liability insurance provider warned that findings could provide material for civil lawsuits. A statement released Monday by …

Citing Lapses in Deutsche Bank Fire, N.Y. City Orders Building Inspections

New York City ordered fire inspectors to examine hundreds of buildings under construction or demolition after an investigation found numerous planning and safety failures at an abandoned ground zero skyscraper where two firefighters died. Three senior fire officials said to …

Damage Estimate from Minn. Flooding Tops $67 Million

Public and private property damage from recent flooding across seven southern Minnesota counties has topped $67 million. Gov. Tim Pawlenty provided the figure in a letter to state lawmakers. Fillmore, Winona, Houston, Steele, Olmsted and Wabasha counties have been declared …

Ratings Roundup: Vesta, Polish Re, Max Capital, BNY

Standard & Poor’s Ratings Services has affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on Norway’s non-life insurer Vesta Forsikring A/S (Vesta) with a stable outlook. S&P then announced that the ratings were withdrawn, reflecting the conversion …

Swiss Re: Nordic Region Storm Losses to Double by 2100

Swiss Re announced that a presentation at its second Nordic Risk & Insurance Summit (NORIS), “will show how winter storms Anatol, Gudrun and Per are harbingers of a more stormy future in Scandinavia, leading to a doubling of insurance claims …