Monthly Archives: <span>October 2009</span>

Flooded Georgia Homeowners Seek Buyouts by Cobb County

Many Cobb County homeowners say they’d like the county to buy their flood-damaged homes, but a county official says it’s impossible to accommodate all of them. About 300 people gathered at a recreation center near Powder Springs Monday night to …

Facebook Awarded $711 Million Damages in Anti-Spam Case

Social networking website Facebook was awarded $711.2 million in damages relating to an anti-spam case against Internet marketer Sanford Wallace, court documents show. Wallace did not oppose the motion or appear at the hearing on Sept. 18, 2009, according to …

Misplaced Letter Costs PepsiCo $1.2 Billion in Wisconsin Ruling

It’s an expensive lesson on the importance of reading your mail. A Wisconsin judge has ordered PepsiCo Inc. to pay $1.26 billion to two men who said it stole their idea to sell purified water after a secretary mislaid a …

Best Affirms Lloyd’s Syndicate 33 ‘A’ Ratings (Hiscox)

A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is managed by Hiscox Syndicates Ltd (HSL). Best also affirmed the ICR of “bbb+” of Hiscox …

Best Affirms Hiscox Operating Companies ‘A’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of Hiscox Insurance Company (Bermuda) Limited, the UK-based Hiscox Insurance Company Limited (Hisco), Hiscox Insurance Company (Guernsey) Limited and Hiscox …

AIR Tracking Typhoon Mirinae; Could Hit Northern Philippines Today

According to catastrophe risk modeling firm AIR Worldwide, a major tropical cyclone is threatening the northern Philippines for the fourth time in the past month. AIR rported that Typhoon Mirinae is expected to make landfall on the major island of …

Programs to Combat Vehicle Theft to Expand in New Orleans

Commissioner of Insurance Jim Donelon says Louisiana’s program to reduce vehicle theft and insurance fraud will be expanded in Orleans Parish, which includes New Orleans. Donelon made the announcement about the expansion of the Louisiana Automobile Theft and Insurance Fraud …

Texas Mutual Hires Dileo as Head of Claims Operations

Texas Mutual Insurance Company has hired Mike Dileo as senior vice president claims. Dileo has 15 years’ experience managing claim, underwriting, loss prevention and premium audit operations. He comes to Texas Mutual from the Louisiana Workers’ Compensation Corporation (LWCC), where …

Obama Administration to Reconsider Trucker Safety Rule on Hours

The Obama administration has agreed to reconsider a rule that allows long-haul truckers to drive for up to 11 hours straight, bowing to safety advocates who say longer hours could lead to greater fatigue and more accidents. The Federal Motor …

West Virginia Receives $28 Million for Flood Control Projects

More than $28 million is coming to West Virginia as part of federal legislation to control flooding across the nation. U.S. Sen. Robert C. Byrd’s office says nearly $22 million will be spent to widen Island Creek in Logan. The …