Yearly Archives: <span>2008</span>

Mississippi Fire Marshal Warns of Potential Explosive Fire Hazard

People planning summer cookouts need to be aware of a dangerous and potentially explosive threat to public safety, State Fire Marshal and Insurance Commissioner Mike Chaney warned today. According to information from the National Propane Gas Association, propane cylinders commonly …

Analysts: Insurers Equipped to Weather Subprime Mortgage Crisis

Insurers continue to emerge from the credit crisis with strength and are among the least impacted of all financial institutions, according to a senior ratings agency official speaking at the Casualty Actuarial Society’s annual Seminar on Reinsurance. Jeffrey Berg, senior …

Wall Collapse Leads to Manslaughter Charge for New York Contractor

A New York construction contractor has been indicted on a manslaughter charge in connection with a Brooklyn wall collapse that killed a worker in March. The Brooklyn district attorney says the contractor, William Lattarulo of Malverne, Long Island, owned both …

New Jersey Man Who Caused Crash Afraid Mom Would Know He Drank

Police have heard many excuses from suspected drunk drivers over the years. But police in Lakehurst, New Jersey say what they heard from a Toms River man is one for the books: He told them he was driving around until …

U.S. Risk Promotes Schwartz, Hobbs

Dallas-based U.S. Risk Insurance Group Inc. named Richard T. Schwartz as general counsel of U.S. Risk Insurance Group Inc., and J. Brian Hobbs as president of Professional Claims Managers Inc., a wholly owned subsidiary of U.S. Risk and the company’s …

Custody Suit Targets Insurance Money for Rapper’s Burned-Down House

A New York judge has ordered rapper 50 Cent to hold on to the property where a $2.4 million house at the center of a bitter dispute with his ex-girlfriend burned to the ground last month. State Supreme Court Justice …

Western National Names Smith Chief Financial Officer, Promotes Christy

Western National Insurance Group Announces Officer Promotions The Board of Directors meeting of Western National Mutual Insurance Company met on June 10 and promoted Leon Smith to chief financial officer and Kevin J. Christy, vice president – chief actuary. Smith …

S&P: Volatility, Regulation Testing Global Multiline Insurers

Managers of global multiline insurance companies have their work cut out for them in 2008, according to analysts. The year 2008 will be one of challenge for global multiline insurers as they simultaneously try to remain profitable in a volatile …

Sanford Signs Safety Bill for South Carolina Bicyclists

Gov. Mark Sanford signed a bill meant to make South Carolina’s roads safer for bicyclists. The new law requires vehicles to stay a safe distance from bicycles. Drivers who harass cyclists or throw something at them can be charged with …

Fire Units Consolidation in Tennessee Could Reduce Insurance Cost

Roane County, Tennessee commissioners have approved the creation of a county fire department. The 15-0 vote June 9 in Kingston, Tenn. cleared the way for county officials to set up an organization that will coordinate efforts of five volunteer fire …