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

Kentucky Miner Injured in Bell County Dies

A coal miner has died after being injured earlier this month in an incident at an underground mine in eastern Kentucky. The Mine Safety and Health Administration says in a preliminary report that 45-year-old Joseph D. Roberts was riding on …

Florida Cabinet Approves Statewide Emergency Shelter Plan

Florida Gov. Charlie Crist approved the Florida Cabinet’s 2008 statewide emergency shelter plan. Since 1999, state, federal and local agencies have created 994,369 shelter spaces, approximately 70 percent of the state’s shelter demand. Florida can now provide shelter to 955,896 …

Resale Values of Trucks, SUVs Falling

Compact cars such as the Honda Fit and Chevrolet Aveo are now expected to retain more of their value than trucks and sport utility vehicles once prized for the resale demand, according to a car value tracking firm. Automotive Lease …

N.H. Pellet Maker Faces Safety Fine

The federal government has proposed more than $135,000 in fines against a New Hampshire wood pellet manufacturer. The Occupational Safety and Health Administration inspected New England Wood Pellet after a worker got caught in a conveyor in January. Authorities say …

Ratings Recap: Endurance, ACR Re Takaful, Stoneheath Re, Nacional de Reaseguros, Emirates, Oriental

Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on the Bermuda-based holding company Endurance Specialty Holdings Ltd. S&P also affirmed its ‘A’ counterparty credit and financial strength ratings on the holding company’s core operating subsidiaries: Endurance …

Rating Agencies React Negatively to XL, SCA Bailout Plan

XL Capital received the inevitable negative reaction from the rating agencies following its announcement that it would pay $1.78 billion in cash and issue 8 million shares as part of a bailout plan to shore up former subsidiary Security Capital …

S&P Affirms Allianz ‘AA’ Ratings

Standard & Poor’s Ratings Services has affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Germany’s Allianz SE (AZSE) and various core operating entities. S&P also affirmed its ‘A-1+’ short-term ratings on AZSE and various core operating …

AIR Estimates Taiwan Typhoon Insured Losses under $100 Million

Catastrophe risk modeling firm AIR Worldwide has issued a bulletin indicating that insured losses in Taiwan from Typhoon Fung-Wong are unlikely to exceed $100 Million. Dr. Peter Sousounis, senior research scientist at AIR Worldwide stated: “Fung-Wong first made landfall Sunday …

2 Tennessee Men Killed while Working on Pump

Two workers have died in a freak accident at an underground sewage pumping station in Mosheim, Tennessee. Authorities said one man was electrocuted and the second died of apparent methane gas inhalation about 10:50 a.m. Monday as they worked on …

Pennsylvania Motorcyclist Dies in Crash with Amish Buggy

A motorcylist is dead after an accident with a Amish buggy in northwestern Pennsylvania. Police say a group of Amish people fishing at Pymatuning State Park had their horse tied up on Friday night. But the horse broke loose and …