Monthly Archives: <span>April 2010</span>

Ratings Roundup: Reserve National, Alaska Timber, State Farm (NJ)

Standard & Poor’s Ratings Services is keeping its ‘A’ counterparty credit and financial strength ratings on Reserve National Insurance Co. on CreditWatch with negative implications. “We had placed these ratings on CreditWatch negative after Unitrin Inc. announced that it had …

Oklahoma Ban on Denial of Coverage for Domestic Abuse Victims Advances

The Oklahoma House of Representatives has passed legislation to prevent the practice of denying insurance coverage to victims of domestic violence. Senate Bill 1251, by state Sen. Jim Wilson, D-Tahlequah, and House Minority Floor Leader Mike Brown, D-Tahlequah, prohibits health …

Ratings Recap London General, Arab Orient (UAE) Arab Orient (Jordan)

A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company Limited (LGL), both with stable outlooks. LGI and LGL are …

4 Injured in Fire at Illinois Plant

Fire officials say an explosion and fire at a grain bin in the southern Illinois town of Chester has injured four workers. Chester Fire Department spokesman Marty Bert says three of the injuries are burns and another is a leg …

Federal Judge Awards $164K in Damages in Chinese Drywall Case

A federal judge in Louisiana has ordered a manufacturer of faulty drywall from China to pay more than $164,000 to a Louisiana family as result of damage to their home from the wallboard. The ruling is the second time in …

Mississippi Could Be Hit with More Severe Weather This Weekend

Storm-weary Mississippi residents are facing another possible round of severe weather this weekend, only days after tornadoes plowed through the state and left a wide swath of destruction. National Weather Service meteorologist Daniel Lamb said that a “potent” storm system …

Paralyzed Man Sues Virginia Ski Resort for $25M

A man paralyzed from the waist down in a snow-tubing accident in Virginia is suing the parent companies of Massanutten Resort for more than $25 million. John Carwile of Hampton was injured after his head hit the wall at the …

Virginia Marina Fire Destroys 3 boats, Damages 3 Others

A fire at a Norfolk, Virginia marina has destroyed three boats and damaged at least three others. The Coast Guard says the fire broke out on a 45-foot sailing vessel at the Vinings Landing Marina early Wednesday morning. The blaze …

One Burned in Blast at Western Maryland Paint Plant

Washington County, Maryland’s emergency services director says a man has been airlifted to a Baltimore hospital after an explosion and fire at a paint manufacturing plant in Williamsport. Kevin Lewis said the blast shortly after 7 a.m. Wednesday was contained …

Virginia Gets Federal Disaster Declaration

President Obama has declared a disaster for parts of Virginia affected by a February snowstorm, clearing the way for federal aid. Federal funding is available to state and local governments and some private nonprofit organizations pay for damage to public …