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

Miss. Insurance Agent Takes Plea Deal

A Mississippi insurance agent accused in a kickback scheme with a former Lafayette County supervisor has pleaded guilty to conspiracy under a plea deal in U.S. District Court. Ken Nowlin, of Ecru, avoids a federal trial with the deal and …

Maine Insurers Question Dirigo’s $78 Million Third Year Savings Figure

The Dirigo Health Board of Directors has determined that the state-run Dirigo Health program will save the state’s health care system $78 million in its third year of operation. An organization representing the state’s four major health insurers — Aetna, …

Vioxx Federal Judge Sees 2008 Focus on Stroke Cases

Next year’s federal Vioxx trials may focus on people who had strokes after taking the once popular painkiller, the judge assigned to handle pretrial matters in all 8,575 federal lawsuits said last Friday. “We may carve out five or six …

What is Future of Shrinking U.S. Consumer Product Safety Commission?

The Consumer Product Safety Commission could soon shrink to the point where it can’t effectively protect the public, veteran Commissioner Thomas Moore says. Many employees at the agency responsible for overseeing the safety of many thousands of consumer products are …

Fearing 1st Amendment Lawsuit, N.H. Town Scraps Insurance Requirement

Faced with a possible First Amendment lawsuit, selectmen in Jaffrey, New Hampshire have rescinded their new guidelines requiring people or groups holding events on town property to buy $1 million insurance coverage. The New Hampshire Civil Liberties Union challenged the …

Britain’s Pearl Insurance Moves to Block Resolution-Friends Merger

Pearl Insurance indicated last Friday it was preparing to spoil rival British insurance company Resolution PLC’s acquisition of Friends Provident PLC. Pearl announced that it has increased its stake in Resolution to 12.74 percent, suggesting it is moving toward a …

Insurance Expires on Carnival; Kan. Bank Wants Rides Valued at $1 Million

A Kansas City-area bank is seeking to seize almost $1 million in rides leased to the closed and bankrupt Wild West World, saying the insurance on them has lapsed. In a court filing last week, Overland Park-based Bank of Blue …

BISYS Shareholders Approve Sale to Citi

Financial services outsourcer BISYS reported that its shareholders voted at a special meeting of shareholders to approve the previously announced acquisition of BISYS by a subsidiary of Citibank N.A. More than 99 percent of the shareholders voting supported the merger, …

Fla. Gov. Opens State Response Center for Disaster Preparedness

Florida Gov. Charlie Crist proclaimed July 26 “Get a Plan Day” by announcing the grand opening of Florida’s State Response Center in Orlando. Crist stressed the importance of disaster preparedness by joining a family as they purchased disaster supplies at …

Atlanta’s Engle Martin Expanding Into Professional Liability Practice

Engle Martin Claims Administrative Services, a division of Atlanta-based Engle Martin & Associates Inc., a national independent insurance claims administration and adjusting firm, is continuing to expand into the Professional Liability market with the addition of Stephen A. Saybolt, hired …