Monthly Archives: <span>March 2009</span>

PURE Offers Coverage in New York

White Plains, New York-based specialty insurer Privilege Underwriters Reciprocal Exchange (PURE) said it will begin offering property and casualty insurance coverage for owners of high-value homes in New York. The company had previously focused on writing products on Florida and …

Supreme Court Lets Stand Tobacco Firm’s $80 Million Punitive Damages

The Supreme Court dismissed Tuesday an appeal by Altria Group Inc.’s Philip Morris USA over $79.5 million in punitive damages awarded to the widow of a longtime Oregon smoker. The top court did not decide the merits of the dispute, …

Florida Panel Advances Bill to Restore Parental Liability Waivers for Kids

A Florida House panel moved to override a recent state Supreme Court decision that blocked enforcement of a liability waiver signed by a parent on behalf of his child. The Florida Supreme Court in December held in Kirton v. Fields …

West Virginia House Targets Drivers’ Cell Phone Use

If you’re on the phone while driving and have your hands on your cell instead of the wheel, that could mean a misdemeanor charge in West Virginia. Legislation passed 80-18 by the House to the Senate aims to limit drivers …

U.S. Mining Safety Officials Look to Reduce Number of Contested Cases

The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) has announced that settlement conferences held between mine operators and MSHA personnel to resolve enforcement disputes will be deferred until after civil penalties have been proposed and the operator …

30 Injured, Homes, Businesses Damaged By Mississippi Twister

Mississippi Gov. Haley Barbour surveyed tornado damage in Simpson County yesterday. Nearly 30 people were injured and dozens of homes and businesses were damaged or destroyed Thursday when a twister ripped through the town of Magee in Simpson County in …

Few in Flood Zone Have Insurance

As North Dakota’s Red River crept within view of their backyard this past week, Denette and Billy Narum had an extra incentive to pray their sandbags held. Like most people in the path of potential floods, they have no flood …

Oklahoma Ethics Commission, State Legislator Sued

A real estate agent has sued the Oklahoma Ethics Commission and a Sand Springs legislator for allegedly “conspiring to cover up graft.” The lawsuit filed on behalf of Tom Hardgrave in Tulsa County District Court accused the Ethics Commission of …

Insurance Orgs Urge G-20; Don’t Apply Bank Solutions to Industry

In an open letter to British Prime Minister Gordon Brown, released at the European Insurance Forum in Dublin, a number of the world’s leading insurance organizations urged him to recognize that “insurance has a fundamentally different business model from banking.” …

Fargo, N.D., Mayor: More Levees Will Be Breached

By James MacPherson and Carson Walker The bloated Red River briefly breached a dike in Fargo, N.D. early on March 29, pouring water into a school campus and the mayor called it a “wakeup call” for a city that needs …