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

Insurer Group Joins Police Department in ‘Keep Houston Safe’ Program

The Insurance Council of Texas (ICT) announced it has joined the Houston Police Department in a public safety campaign aimed at preventing auto thefts and auto burglaries. The program involves the creation and distribution of signs that read, “SECURE your …

Elmer’s Vows Safety Review after Reports of High Lead Levels

Columbus, Ohio-based glue maker Elmer’s Products Inc. has pledged to investigate its safety standards following findings by Consumer Reports magazine of high lead levels in several kinds of children’s glue sticks. In a statement released Monday, Elmer’s said the company …

W. Va. Justices Refuse Appeal in $1.7M Medical Malpractice Case

A $1.7 million judgment against an Elkins doctor who allegedly blinded a patient during spine surgery will stand after the West Virginia Supreme Court unanimously declined to hear the physician’s appeal. Lawyers for Dr. Kenneth D’Amato alleged several errors during …

EQECAT Study Warns of Quake Threat to Japanese Industries

According to a new study to be issued by ABSG Consulting Inc. and its subsidiary, EQECAT, Inc., “Japan’s chemical industry surprisingly could suffer financial losses equal to more than two years of pre-tax earnings, while the precision machinery and petroleum …

RMS Launches UK Market Data Service

Risk Management Solutions has launched a new initiative amongst six of Lloyd’s largest managing agents aimed at providing advanced exposure data for the London Market. “The RMS® London Market Data Community gives members access to top-quality data that has been …

$10 M in Losses Expected from Tornado Hit in Ind.

Insurance company representatives from around the nation are helping sort through the ruins of nearly 200 homes and 53 businesses damaged or destroyed in a mid-October northern Indiana tornado. More than $10 million in losses and several thousand claims, largely …

SFA of Nevada Brings Specialty Markets to Montana and the Northwest

October 31, 2007 – Alternative risk broker and consultant SFA of Nevada has planned further development in the Montana and Northwest areas to assist retail agents with their workers’ compensation placements, self-insurance services and Sovereign Nation business. Already a professional …

Texas Sept. Enforcements Result in Nearly $376K in Fines, Restitution

Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during September 2007 include 12 license revocations, three license denials and fines and restitution totaling $375,983, the Texas Department of Insurance announced. An order imposing disciplinary measures becomes …

Okla.’s Child Support Data Exchange Law Goes into Effect Nov. 1

The Oklahoma Insurance Department issued a reminder that a new state law compelling Child Support data exchange for workers’ compensation, personal injury and wrongful death claims has a fast-approaching Nov. 1 deadline The law contains a provision that directly affects …

Lawsuit: Union Pacific Pressured Ark. Families Into Settlements

A lawsuit filed in Arkansas against Union Pacific claims company officials pressured families of those injured or killed by trains to quickly settle for amounts lower than what they may have received with a lawyer’s help. The suit, now being …