May 30, 2008
A construction crane in New York City fell and smashed into a neighboring apartment building during the morning rush hour, killing at least one person – the crane’s operator – and ripping apart much of the apartment building’s facade, according …
May 30, 2008
Owners of pit bulls, Rottweilers and Doberman pinchers in Kenmare, N.D. won’t have to get rid of them, if they license the dogs and keep them secure. Kenmare City Council members had considered a ban on some dog breeds they …
May 30, 2008
Mike Driscoll joined Crump Insurance Services’ wholesale brokerage division as a vice president – broker in the Houston property group. Driscoll comes to Crump from London American Risk Specialists, a surplus lines broker/MGA, where he served as executive vice president …
May 30, 2008
Commissioner of Workers’ Compensation Albert Betts approved 10 companies, employing approximately 31,400 employees in Texas, to self-insure for workers’ compensation claims for a one-year period under the Texas Department of Insurance, Division of Workers’ Compensation Self Insurance Program. Under Texas …
May 30, 2008
A.M. Best Co. revised the outlook to stable from negative and affirmed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” for Dallas National Insurance Company (DNIC). The changes reflect DNIC’s stabilization of risk-adjusted capitalization …
May 30, 2008
Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out — to design coverage targeting a specific …
May 30, 2008
Four New Hampshire agencies are working together to catch companies that illegally misclassify workers as independent contractors to avoid paying workers’ compensation insurance and unemployment taxes. The departments of labor, employment security, insurance and revenue are joining the crackdown. Labor …
May 30, 2008
Insurer Beazley Group plc has launched an employment practices liability (EPL) policy its says is tailored to the specific needs of professional services firms such as law firms, accounting firms and architects and engineers. The new policy is designed for …
May 30, 2008
A fire chief in Norwich, Connecticut says the blaze that destroyed a large apartment complex last month was accidental and started when a resident improperly discarded smoking materials. Chief Kenneth Scandariato said the April 26 fire at the Peachtree complex …
May 30, 2008
Legislation pending in the Delaware state Senate addresses the shortage of doctors at the Veterans Affairs Medical Center in Elsmere. The bill would let retired doctors practice again and keep their malpractice insurance coverage intact. Under current law, retired doctors …