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

Ky. Comair Crash Survivor Sues Designer of Runway Lights

The sole survivor from the airliner that crashed after taking off from the wrong runway at Lexington, Ky.’s Blue Grass Airport, killing 49 people, is suing the company that designed the runway and taxiway lights. James Polehinke, the co-pilot of …

TWG Capital Executes $100 Million Financing with Fifth Third Bank, MidAmerica Bank, Cardinal Growth and Stark Investment

INDIANAPOLIS – TWG Capital, the leading provider of financial solutions for the insurance industry, today announced it has entered into a $100 million financing with Fifth Third Bank, MidAmerica Bank, a group led by Cardinal Growth, L.P. and Stark Investments. …

Chubb Offers Services to Aid Chicago Area Customers with Storm Damage

In response to the severe thunderstorms that have resulted in flooding in the Chicago area, the Chubb Group of Insurance Cos. is offering its homeowners insurance customers two services to help reduce damage to their property. Upon request, Chubb can …

Students Highlighted Emerging Risk of Lead in Chinese Toy Jewelry

Neither the government nor the American public raised much of an eyebrow last year when Ashland University researchers reported finding high levels of toxic lead in toy jewelry imported from China. But the findings got some belated buzz with the …

Boston Tea Party Museum Damaged by Fire Amid Renovations

A long-closed museum commemorating the Boston Tea Party caught fire, sending smoke billowing from the structure. The cause is under investigation. There were no immediate reports on injuries. The museum is built on pilings next to the Congress Street Bridge …

Former N.M. Insurance Regulator Pleads Not Guilty

Former New Mexico insurance regulator Joe Ruiz on Monday pleaded not guilty to federal corruption charges that arose from allegations he misused his office by soliciting payments from insurance companies in exchange for reducing regulatory fines. Ruiz declined comment after …

Fugitive Arrested in $500,000 Auto Fraud Scam

A Sherman Oaks, Calif., man has been arrested for insurance fraud, grand theft, identity theft, and federal charges, the California Department of Insurance reported. Moshe “Sanny” Assoulin, 35, was arrested in Israel on Aug. 19, 2007 by Israeli National Police. …

Former N.D. Agent Pleads Not Guilty to Fraud Charges

A former insurance agent accused of defrauding investors in at least three states out of about $4 million has pleaded not guilty to 38 counts in North Dakota. David Skjerven, 60, who now lives in Sedona, is accused of fraudulent …

Ohio Sues Marsh, AIG, Ace, Chubb, Hartford for Anti-trust Violations

Following a three year long investigation by his office and the Ohio Department of Insurance, Attorney General Marc Dann has filed suit against the world’s largest insurance broker, Marsh & McLennan, and four of the nation’s largest insurance companies and …

N.Y. Officials Say Broker Pocketed Insurance Premiums

The New York State Insurance Department reports that 32 people in Saratoga, Warren and Washington Counties were victimized when an insurance broker allegedly pocketed an estimated $7,000 in insurance premiums. The department said it is now working to see if …