Monthly Archives: <span>January 2008</span>

VA Clinics Reopen After Computers Damaged by Water

U.S. Department of Veterans Affairs clinics in Middle Tennessee and south central Kentucky have reopened. Water from a broken pipe earlier this week damaged computers that manage information for those clinics. Routine appointments in primary care and specialty care clinics, …

Chubb Joins Renewable Energy, Green Building Groups

The Chubb Group of Insurance Companies has joined the American Council On Renewable Energy and the U.S. Green Building Council. Peter Thompson, vice president, Chubb & Son, and worldwide energy manager for Chubb Commercial Insurance, said Chubb became a member …

2 Dorm Fires in 2 Days Prompts 24-Hour Fire Alert at University of Tenn.

The state Fire Marshal’s Office has ordered the University of Tennessee to begin a 24-hour fire alert and watch at a dormitory hit by two fires on consecutive days. University spokeswoman Karen Collins says four law enforcement officers will be …

Kan. Disaster Bill Advances in Senate

A bill providing $12 million over three years to help flood and tornado damaged rural communities rebuild gained first-round approval Tuesday in the Senate. A final vote of approval sends the bill to the House. Starting in the fourth year, …

Allstate 4Q Profit Falls 37% as Calif. Wildfire Losses Top $300M

Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006. The fourth quarter net income of …

Traffic Deaths Declining In NYC

Declining crime isn’t the only way New York City is becoming safer – new statistics show traffic deaths have hit a historic low, too. Data released Tuesday show car wrecks killed 271 people in the city last year. Mayor Michael …

Investigation Begins Into Foxwoods Fire

A spokesman for the Foxwoods Resort Casino says the Great Cedar Hotel, hit by roof fire Tuesday, will remain closed for a few days. Saverio Mancini says there has been water damage to the upper floors of the hotel, although …

Ratings Roundup: Allianz, AXIS

Standard & Poor’s Ratings Services said that its ratings and outlook on Allianz SE (AA/Stable/A-1+) and related entities were not immediately affected by the revision of the outlook to negative from stable on its German-based subsidiary Dresdner Bank AG (Dresdner; …

S&P: P/C ‘Reserve Adequacy’ Criteria

Standard & Poor’s Ratings Services has published an article titled, “Property/Casualty Insurance Criteria For Assessing Loss Reserve Adequacy For U.S.-Based Insurers/Reinsurers” on RatingsDirect, its web-based source for credit ratings, research, and risk analysis. S&P said the article explains the criteria …

Judge Sentences Milberg Weiss Lawyer for Class-Action Kickbacks

A retired attorney who pleaded guilty in a lucrative kickback scheme involving class-action lawsuits against some of America’s largest corporations was sentenced this week in Los Angeles to six months home detention and two years probation. Federal prosecutors have said …