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

Lawsuit filed in Ohio Bus Crash that Killed 5 Targets Insurers

Attorneys want a federal court to determine whether members of a university baseball team involved in a deadly bus crash earlier this year are entitled to insurance money. A lawsuit filed on behalf of Bluffton University’s players and coaches seeks …

S&P: Japan Non-Life Insurers ‘Show Improvement in Profits’

A report from Standard & Poor’s Ratings Services concludes that Japan’s top nine non-life insurers recorded ¥173 billion ($1.575 billion) in interim net profits for the first half of fiscal 2007 (ended Sept. 30, 2007), representing a year-on-year increase of …

Zurich Appoints Kath, Barnes to New Claims Positions

Zurich Financial Services announced changes in the claims division of its global corporate and European General insurance units. Jutta Kath, 47, who is currently Chief Claims Officer for Global Corporate, has been appointed to the position of Chief Claims Officer …

Hurricances Spare U.S., Leaving Officials Worried About Public Apathy, Flood Policy Nonrenewals

Despite alarming predictions, the U.S. came through a second straight hurricane season virtually unscathed, raising fears among emergency planners that they will be fighting public apathy and overconfidence when they warn people to prepare for next year. Friday marks the …

Maryland Art Museum Saves Collection from Water Damage

Workers are mopping up after an equipment malfunction at a Salisbury, Md. art museum required the entire collection to be moved. The Ward Museum of Wildfowl Art was emptied after employees discovered standing water from a failed valve on Monday …

Survey: 22,700-Plus Wildfire Insurance Claims Filed in Calif.

The Insurance Information Network of California has confirmed that at least 22,700 claims filed from October’s Southern California fire and wind storms. The tally includes at least 2,000 insurance claims for damage stemming from the wind storms that fueled wildfires …

Calif. Commissioner Approves No Change in Workers’ Comp Pure Premium Rates

California Insurance Commissioner Steve Poizner has issued a decision approving no overall change to the state’s advisory pure premium workers’ compensation rates for 2008. On Sept. 20, 2007, the Workers Compensation Insurance Rating Bureau of California proposed to the Commissioner …

Mapquest Printout Leads to N.Y. Insurance Fraud Sentencing

A 36-year-old Rochester, N.Y. man, whose Mapquest directions led police to his home, was sentenced to five years probation in Monroe County Court on Nov. 26 for trying to fraudulently obtain a $10,282 insurance settlement. Craig C. Wilson, of 24 …

R.I. Hospital Fined for Third Wrong-Side Brain Surgery

Rhode Island Hospital has been fined $50,000 and reprimanded by the state Department of Health after its third instance this year of a doctor performing brain surgery in the wrong side of a patient’s head. “We are extremely concerned about …

Ratings Report: Catlin

A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of Catlin Underwriting (CU) (formerly Wellington Underwriting Plc prior to its acquisition by Catlin Group Limited). Best also affirmed the debt rating of “bbb-” of CU’ s $27 …