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

Ark. Study: 1 in 10 Will Spend More Than 1/3 of Earnings on Health Care

One out of every 10 Arkansans belong to a family that will spend more than 25 percent of their pretax earnings on out-of-pocket medical expenses next year, a new study shows. The study by Families USA, a nonprofit, nonpartisan group …

U.S. Grand Jury Indicts “Dickie” Scruggs in Suspected Bribery Scheme

An attorney who helped negotiate a multibillion-dollar settlement against tobacco companies in the 1990s and has sued insurers over unpaid Hurricane Katrina claims was indicted in a suspected scheme to bribe a Mississippi judge. The indictment accuses Richard “Dickie” Scruggs …

Aon eSolutions Group Names Holden Chief Information Officer

Aon eSolutions Group, a unit of Aon Corp. recently announced that 18-year insurance technology veteran Paul Holden, has joined Aon eSolutions as chief information officer. With more than 18 years of experience in technology strategy, Holden’s key area of responsibility …

Mo. Supreme Court Hears Challenge to Workers’ Comp Law

Did lawmakers fix Missouri’s broken system of compensating people for workplace injuries? Or did they pass a draconian change that reverted workers’ rights to the 19th century? Those are the contradictory views the Missouri Supreme Court is considering as part …

Prudential Financial Names Strangfeld CEO

The board of directors of Prudential Financial has elected a new chief executive officer. John R. Strangfeld will take the reins of the Newark-based insurance and financial services company on Jan. 1. Strangfeld, 53, currently runs all of Prudential’s U.S. …

Victims of 2005 BP Texas Plant Blast Concerned About Plea Deal

A judge allowed victims of BP PLC’s deadly 2005 plant explosion to pursue complaints about a plea agreement resulting from a federal investigation of the accident. Attorneys for the victims have argued that a $50 million (euro33.9 million) fine brokered …

British Bankers Plead Guilty to Wire Fraud in Enron Case

Three British bankers who were set to go to trial in Houston, Texas, for their roles in a fraudulent scheme with former Enron Chief Financial Officer Andrew Fastow changed their pleas to guilty. David Bermingham, Giles Darby and Gary Mulgrew …

Neb. Gov. Names Frohman New Insurance Director

The Nebraska Department of Insurance is getting a new, permanent boss. She’s Ann Frohman, who has been acting director since the death in October of Director Tim Wagner. The 44-year-old Frohman has been deputy director since January 2004 and has …

56 Die in Turkish Plane Crash

A McDonnell Douglas 83 operated by Atlasjet, a low-cost Turkish airline, crashed around 1:30 A.M. local time this morning, killing all on board. The plane was carrying 49 passengers and a crew of seven on a domestic flight from Istanbul …

N.D. Insurance Department Issues $4 Million Check to Northwood School

The state Insurance Department says it has issued a $4 million check to the Northwood School District in advance of a claim settlement for damage from the Aug. 26 tornado that ripped through the community. The department’s Fire and Tornado …