Daily Archives: <span>March 2, 2009</span>

British American Business Council Chapter Appoints Kuykendall President

The British American Business Council of Orange County, Calif., (BABC-OC) recently appointed John Kuykendall as president for 2009. Kuykendall is a long-time member of the Southern California business community and president and owner of Benefit Solutions Co., a local insurance …

Ex-CEO Greenberg Sues AIG, Alleges Securities Fraud

American International Group Inc., whose $61.66 billion quarterly loss was the largest ever for a U.S. company, has been sued for securities fraud by former Chief Executive Maurice “Hank” Greenberg. Greenberg, the insurer’s largest individual shareholder, accused AIG of overstating …

Ratings Roundup: Max Capital, CLICO, China Re, Exchange

Standard & Poor’s Ratings Services has placed its ‘BBB-‘ counterparty credit rating on Max Capital Group Ltd. on CreditWatch with positive implications following the company’s announcement that it will merge with IPC Holdings Ltd., a leading provider of property catastrophe …

Connecticut Insurance Department Recovered $3.1M in 2008

The Connecticut Insurance Department says it recovered nearly $3.1 million on behalf of consumers last year – on par with previous year’s recoveries from resolving consumers’ disputes and complaints. “We are here to help, and I think this demonstrates that …

Washington Insurance Commissioner Announces Legislative Priorities

Washington Insurance Commissioner Mike Kreidler has published his legislative priorities for the 2009 session. One of his top priorities “is protecting consumers in the event of an emergency,” he noted on his Web site. To achieve that, the Commissioner will …

Catlin Sponsored Arctic Survey Team Begins Ice Study

The Bermuda-based Catlin Group Limited announced that a team of three British explorers has commenced a vital scientific expedition to the North Geographic Pole. They hope to help establish how long the sea ice floating in the Arctic Ocean will …

Arizona AG: Drivers Caught By Photo Radar Can Be Prosecuted

Responding to a request from the Arizona Department of Public Safety (DPS), Attorney General Terry Goddard provided a legal analysis that drivers caught by photo radar at speeds more than 20 miles per hour over the limit can be prosecuted …

Scientist: Deep Quake in Southwest Oregon Was a Rare One

A light earthquake deep under the mountains of southwestern Oregon may have left many slumbering at 2 a.m. on Feb. 26, but a geologist said it was an eye-opener. The quake was about 24 miles deep and arose from a …

Texas Legislator Aims to Limit Power of Homeowners’ Associations

Texas State Rep. Burt Solomons (Carrollton) has announced plans for a sweeping reform of the state’s homeowners’ association laws, including a constitutional amendment that would prohibit foreclosure of a homestead by a homeowners’ association. Solomons, a real estate attorney in …

Seatbelt and Drunk Driving Laws Advance in Arkansas

Lawmakers in Arkansas’ General Assembly approved a bill that will stiffen the state’s seatbelt law and the House of Representatives has passed a measure extending the amount of time a judge can consider previous DWI convictions in setting a drunk …