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

Top Insurance Stories in 2007 in South Central

Weather, directly or indirectly, was a driving force in the insurance markets for the South Central states of Arkansas, Louisiana, Oklahoma and Texas in 2007. With the exception of Arkansas, throughout the year the South Central states dealt with insurance …

Mass Toy Recalls – a Manufacturers’ Nightmare

Although this year’s presents have long been opened, those who supply them have concerns that just won’t go away. “In the run-up to Christmas, there can have been few more worrying issues for toy manufacturers than the prospect of having …

Kentucky Coal Company Faces Fine for Electrical Accident

A federal agency has proposed a $220,000 fine against an eastern Kentucky coal company for an accident last February in which a miner suffered electrical burns. The U.S. Mine Safety and Health Administration said the incident resulted from a flagrant …

Maryland County Pulls Plug on Earthquake Hotline

Maryland’s Howard County has pulled the plug on its earthquake hotline. County Fire Department Captain Ryan Miller says the county now has other ways for residents to report and receive information during a disaster. And, he adds, earthquakes are rare …

Pa. Man Accused of Pushing Car off Mountain to Make Theft Claim

A Pennsylvania man pushed his Ford Mustang down a mountain as part of a scheme to claim it was stolen, authorities said. Richard Way Jr., 28, pushed the car down an embankment along Wopsy Mountain in Blair County last year, …

No-Fault Auto Insurance Requirement Back in Force in Florida Jan. 1

Florida drivers will have personal injury protection coverage added to their policies Jan. 1 as the state returns to a no-fault system after a three month break. Most people won’t have to do anything to comply with the new law. …

NYC Police Nab 2 for Selling Stolen Equipment to Business Owners

The New York City Department of Investigation says two men hawking stolen fire extinguishers have been arrested on charges of grand larceny and reckless endangerment. Sergey Vishnev and Maxin Ilim, both of Brooklyn, demanded a business owner buy fire extinguishers …

No Strike for NYC Office Building Cleaners

Thousands of doormen, elevator operators and building cleaners in New York City who had threatened to walk off the job on New Year’s Day resolved their contract dispute Saturday by agreeing to a new four-year contract. The $6.8 billion deal …

Best Affirms Asia Capital Re Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘A’- (Excellent) and the issuer credit rating of “a-” of Singapore-based Asia Capital Reinsurance Group Pte. Ltd. (ACR) with stable outlooks. “The ratings reflect ACR’s strong capitalization, experienced management team, …

Mo. Water Park Accident Leads to Bill Requiring Insurance

A state lawmaker is proposing legislation that would impose new regulations on for-profit private water parks, including the need for at least $1 million in liability insurance. The move comes after a Joplin boy drowned this summer at a local …