Yearly Archives: <span>2008</span>

Crime Rate in Phoenix Area Falls in 2007

FBI crime reports indicate that violent crime fell in the Phoenix area in 2007. Based on data from 18 jurisdictions in metro Phoenix, violent crimes and property crimes both decreased 0.3 percent. The city of Phoenix saw the same decrease …

Swiss Re Gustav, Ike Net Claims $300 Million; to Hold ‘Investors’ Day’

Swiss Re announced that, based on current estimates, it expects its net claims for Hurricane Gustav to be approximately $50 million, and for Hurricane Ike approximately $250 million. Both claims are preliminary and are “”net of hedging and reinsurance protection.” …

Singaporeans Cancel 5,000 AIG Policies

Singaporeans canceled about 5,000 policies with American International Group Inc. last week after nervous policyholders lost confidence in the troubled insurance giant, the central bank deputy chairman said Monday, according to television station Channel News Asia. That was more than …

Illinois Woman Accepts $5.5 Million Settlement in Childbirth Lawsuit

A woman from the Chicago suburb of Northlake, Ill., whose son was born with severe brain damage, has agreed to a $5.5 million settlement with the doctors and hospital she blames for causing what will be a lifetime of problems …

Iowa Town Vows to Preserve Memories of 2008 Flood

Now that they’ve survived the flood of 2008, many in the Cedar Rapids, Iowa area are looking for ways to tell their story to future generations. The Carl and Mary Koehler History Center and area libraries are among groups examining …

Kentucky’s ‘Worst Storm on Record’ Prompts Disaster Declaration Request

Kentucky Gov. Steve Beshear requested a presidential disaster declaration to help recover costs for public damages suffered in some 70 counties and cities across the commonwealth. As of Sept. 19, Beshear said 29 counties and more than 41 towns and …

Tympanick Now President, CEO of Hospitality Mutual in Mass.

Hospitality Mutual Insurance Co. In Westboro, Mass., announced that John W. Tympanick has been named president and chief executive officer and has been appointed to its board of directors. Hospitality Mutual, a mutual insurance company serving the hospitality industry, replaced …

Kentucky Seeks Federal Assistance for Drought-affected Farmers

Kentucky Gov. Steve Beshear sent a request to U.S. Secretary of Agriculture Ed Schafer requesting that the U.S. Department of Agriculture disaster assistance be made available to farmers across the commonwealth due to crop losses resulting from widespread drought conditions …

Paulson, Bernanke to Go Before Congress Today on Bailout

U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress to act swiftly on a proposed financial system bailout and warned of dire consequences if they delay. In prepared testimony that the two are scheduled …

Alabama-based ProAssurance Announces Chairman’s Resignation

Birmingham, Ala.-based ProAssurance Corp.announced that A. Derrill Crowe, M.D., resigned as non-executive chairman of the board and from his position as a director, for personal reasons. A successor chairman has not been elected. In resigning, Crowe cited the fact that …