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

Report Claims N.J. Homes at Risk Due to Outdated Flood Maps

Outdated maps that don’t take into account years of development are leaving many northern New Jersey residents and builders unaware of actual flooding risks, experts say. Some of the maps of towns along the Ramapo, Pompton and Pequannock rivers date …

Wis. Heller Ehrman Adds Timothy W. Burns

Heller Ehrman recently announced that Timothy W. Burns has joined its Insurance Recovery practice in the firm’s Madison, Wis. office. A former American Bar Assn. Insurance Coverage Litigation Committee co-chair, Timothy Burns advises clients on all aspects of corporate indemnification …

Mass. Debates Overhauling Fire Code to Address Chemical Risks

State lawmakers are considering an overhaul of Massachusetts’ fire code after the explosion at a chemical plant in Danvers damaged hundreds of nearby homes. The bill, filed by state Rep. Theodore Speliotis, D-Danvers, aims to make it easier for local …

Mass. Health Plan May Be Inadquate for Young Adults, Study Says

Massachusetts’ new low-cost health insurance coverage for young adults doesn’t work for the seriously ill, a long-standing problem with a similar program for college students, according to a new study. The plans, designed for people age 19 to 26, are …

U.S. Supreme Court Upholds 180-Day Period for Pay Bias Claims

The U.S. Supreme Court has handed employers a victory against pay discrimination suits by limiting how far back in time employees can go to prove their bias claims. In Ledbetter v. Goodyear Tire & Rubber Co., the high court ruled …

Expert Says Workers Could Be Exposed to Asbestos in Greensburg Clean-up

A Kansas asbestos expert says he is so sure that residents and volunteers who are wading through what’s left of Greensburg, Kan., are being exposed to the carcinogen that he’s willing to wager his reputation on it. “I don’t like …

3 Agencies Earn Target Markets Best Practice Designation

The Target Markets Program Administrators Association (TMPAA) awarded three member agencies its Best Practice Designation at ithe association’s recent midyear meeting in Atlanta. Agencies receiving the Best Practice Designation were Venture Insurance Programs, THOMCO Insurance, and Allied Insurance Brokers. All …

S&P Sees Japan P/C Sector as ‘Stable’

Standard & Poor’s Ratings Services latest report on the Japanese non-life industry concludes that, despite large payouts the sector remains relatively stable. However, 2006 was not a particularly good year. S&P indicated that Japan’s “top nine non-life insurers recorded net …

Best Issues Special Bermuda Report

A.M Best Co. has issued a special report on the Bermuda insurance market, which, among other analyses, compares the disastrous 2005 hurricane season with the startlingly benign one in 2006. Between the two Best notes that the “Bermuda market reported …

Paris Re Takes First Step to IPO

Paris Re Holdings has taken the first step towards an initial public offering of its shares by registering with the Autorité des Marchés Financiers (AMF), the French stock market regulator. The Company, which indicated its assets at $2.091 billion, said …