Yearly Archives: <span>2008</span>

Kansas Study: Wednesday Riskiest Day of the Work Week

A study of workplace accidents in Kansas shows that Wednesday is the most dangerous day to be at work. A 2006 survey by the Kansas Department of Labor found that 2,050 of workplace injuries that required time off happened on …

Harleysville Retools Businessowners Policy under StarAdvantage Banner

Harleysville Insurance has introduced its first product under its new StarAdvantage banner. The new Businessowners Program (BOP) is for smaller, property-driven risks in hundreds of business classes. Market segments targeted for this new offering include habitational, mercantile, office, service/processing and …

The Hartford Appoints Fitzpatrick Senior V.P. for Middle Market

The Hartford Financial Services Group, Inc. has appointed Sean M. Fitzpatrick to the position of senior vice president of its Middle Market insurance segment. In his new role, Fitzpatrick will be responsible for managing all of The Hartford’s Middle Market …

Study: High Prescription Drug Costs Help Lower Other Medical Costs

While more than $216 billion is spent on prescription drugs every year, the upside to this high tab is that prescription drugs have contributed to decreases in more expensive hospital care and physician services. As prescription drug costs, representing 10.3 …

Nobel Peace Prize Winners Honor Catastrophe Model Pioneer Clark

Karen Clark, who developed the first hurricane catastrophe model, has been recognized by a climate change group that won the 2007 Nobel Peace Prize. Clark, president and chief executive officer of Karen Clark & Co. in Boston, has been honored …

N.J. Mandates Safety Reviews for Facilities with Hazardous Chemicals

For many visitors, the first glimpse of New Jersey is a string of industrial plants and refineries in a sea of yellow light along the Turnpike. With the state’s most hazardous chemical facilities so close to its most traveled routes …

FSA fines AIG’s UNAT Sub $1.26 Million for Call Center Violations

The UK’s Financial Services Authority (FSA) has fined UNAT DIRECT Insurance Management Limited £640,000 ($1.26 million) for failings relating to a lack of effective control and oversight over its appointment of call centers. “UNAT – an indirect, wholly-owned subsidiary of …

Man United Champion’s League Triumph Gives AIG Some Welcome News

Battered giant American International Group, finally got some good news for a change, albeit one that’s unlikely to offset the £640 million ($1.26 million) fine the UK’s, Financial Services Authority has leveled against one of its subsidiaries (See related article). …

Lloyd’s Notes Increased Popularity and Value of Celebrity Autographs

While many people collect celebrity autographs simply for fun, it’s also a “potentially money-making hobby,”; notes an article on the Lloyd’s web site (www.lloyds.com). “Signatures from famous personalities are held at great value, and an item’s value can rise considerably …

Chubb Establishes $1 Million Fund for Asia Disaster Relief

The Chubb Corp. said it has established a $1 million fund for disaster relief efforts related to the Myanmar cyclone and China earthquake. Chubb said it would contribute $500,000 directly to the American Red Cross for relief efforts connected to …