Yearly Archives: <span>2007</span>

Former Ill. State Representative Parke Joins Secure Services Corp.

Former GOP Illinois State Representative Terry Parke has joined Secure Services Corp. (SSC) as director of Business Relations, the company recently announced.. An insurance agent, Parke was the state representative for the northwest suburbs for 22 years. His district office …

Iowa Insurance Commissioner Sends 27 Recommendations to Governor

The Iowa Insurance Division wants to address complaints from consumers and have more control over long-term care insurance. State Insurance Commissioner Susan Voss has made 27 recommendations in a report sent to Gov. Chet Culver this week. In June, the …

N.Y. Arson Ring Leader Faces 10-Year Sentence

The leader of an arson ring that collected more than $400,000 in fraudulent insurance claims for fires in three New York counties is scheduled to surrender Sept. 18 to serve a 10-year federal prison sentence, according to state officials. James …

New Maine Laws Affect Teens, Drivers, Bicyclists, Elders and Employers

Like other driving instructors across Maine, Dwight Hawkins has a new lesson to add to his course this fall: If you’re under 18 and behind the wheel, lose the cell phone. As of Sept. 20, a new Maine law will …

State Farm Settles 103 Katrina Cases in Mississippi

State Farm Insurance Cos. has settled with 103 policyholders in Mississippi who challenged the company’s refusal to cover damage to their homes from Hurricane Katrina, a lawyer for the homeowners said Monday. Terms of the settlement are confidential, said attorney …

Dirigo Will Save Maine Health System $33 Million, State Estimates

The state’s Dirigo Health program will save the Maine health care system $32.8 million in its third year of operation, the Maine superintendent of insurance has ruled. In a 23-page report, Bureau of Insurance Acting Superintendent Eric Cioppa found that …

N.Y. City, State Join Suit Over Vioxx

New York State and City have sued Merck & Co. Inc., joining thousands of others who say the drug maker cheated government insurance programs by hiding the dangers of heart problems associated with its pain medication Vioxx. The lawsuit, filed …

Swiss Re Economist Comments on Fed Rate Cut

Swiss Re’s Chief US economist, Kurt Karl, issued a comment following the decision by the Federal Reserve to lower the target fed funds rate 50 basis points to 4.75 percent. He described the move as a “strong action to alleviate …

AIG Donates $300,000 to Peru Disaster Relief Fund

American International Group has donated $300,000 to its Disaster Relief Fund (DRF) to help CHF International bring relief to earthquake-affected Peruvians, as they rebuild and recover from the 7.9 magnitude quake that struck the country August 15. The quake killed …

New Management for Willis Japan

Willis Group Holdings announced that Shoji Ohashi has joined the international broker as the new Representative Director and Chairman of Willis Japan Holdings KK, and Yoshiki Yamamoto is the new Director and CEO of Willis Japan Holdings KK. Ohashi will …