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

Regulators Clear Sale of James River To D.E. Shaw Group

Chapel Hill, N.C.-based James River Group Inc. announced that Franklin Holdings (Bermuda), Ltd., a Bermuda holding company and member of the D. E. Shaw group, has received approval for its acquisition of the company from the State of Ohio Department …

Fire Destroys Upstate N.Y. Barn, Killing 25 Horses

Fire swept through an upstate New York stable, killing 25 horses, authorities said. The owners of Burgundy Hill were able to rescue 11 horses, but two were in critical condition at the Equine Hospital at Cornell University, said Arlene Kreimeyer, …

3 Arrested in W. Va. on Insurance Fraud Charges

West Virginia Insurance officials arrested three individuals in Putnam County for alleged insurance fraud. The Insurance Commissioner’s Fraud Unit arrested Diana K. Phillips, 52, of Hurricane, Charles Keith Phillips, 44, of Hurricane and James T. Willis, 39, of St. Albans …

GAO: Tougher Oversight Needed for Safety at N.M. National Laboratories

The Government Accountability Office is recommending tougher oversight of safety at the nation’s federal nuclear weapons laboratories, contending there have been persistent safety problems in recent years, including nearly 60 serious accidents or near misses since 2000. Republican Reps. Joe …

Man Sues over Alleged Sexual Abuse by Franciscan Brother

A former Carlsbad, Calif., resident who claims a Franciscan brother sexually abused him as a teenager in the late 1970s is suing the brother, the order he belongs to and two local parishes. The civil lawsuit, filed Wednesday in state …

Man to Stand Trial for Allegedly Setting San Diego County Fire

A man has been ordered to stand trial on a charge of intentionally starting a small fire in the northern San Diego County city of Vista during last month’s siege of wildfires. Nineteen-year-old Gorgonio Nava has pleaded not guilty to …

Pa. Gov. Rendell Kills Gas Tax for Underground Tank Insurance Fund

Pennsylvania Gov. Ed Rendell this week said his administration would withdraw a request that could have added a penny onto the cost of a gallon of gas in Pennsylvania to help clean up damage from leaking underground fuel tanks. The …

Ratings Recap: PhilNaRe, Atlas IV Cat Bond, HSBC (Bermuda), Cunningham Lindsey

A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to National Reinsurance Corporation of the Philippines (PhilNaRe) with a stable outlook. “The ratings reflect the company’s adequate risk-adjusted capitalization, established …

Former Ind. Worker Pleads Guilty to Setting $12 Million Magnesium Fire

A former plant worker has pleaded guilty to setting a fire at a magnesium recycling company that caused some $12 million in damage. In return for Darrin K. Dettra’s guilty plea to arson resulting in bodily injury, Madison County prosecutors …

N.D. Unemployment Insurance Tax Rate Drops for 3rd Year

North Dakota’s unemployment insurance tax rates will be falling for the third straight year, with the average rate dropping below 1 percent for the first time since 1997, Gov. John Hoeven says. Maren Daley, director of Job Service North Dakota, …