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

New York State Insurance Fund Gets New Executive Director

The New York State Insurance Fund has named James J. Wrynn as its new executive director. Wrynn, whose appointment became effective April 22, is a partner in the law firm of MacKay, Wrynn & Brady, which specializes in the areas …

Arch Capital Posts $140 Million Q1 Net

The Bermuda-based Arch Capital Group reported that net income available to common shareholders for the 2009 first quarter was $139.9 million, or $2.24 per share, compared to $189.4 million, or $2.78 per share, in Q1 2008 first quarter. The Company …

Marsh Establishes ‘Protected Cell Captives’ in Wash. DC, Isle of Man

Marsh announced that it has established protected cell captive (PCC) [also known as segregated account] insurance facilities in Washington, DC, and Isle of Man “to serve the needs of small and mid-sized businesses seeking cost-effective risk-financing alternatives, as well as …

O’Flinn Joins Aspen Board

Bermuda-based Aspen Insurance Holdings Limited announced that the Company’s Board of Directors has appointed Mr. Peter R. O’Flinn to the Board in a non-executive capacity. He was also appointed to the Audit Committee and Chair of the Corporate Governance and …

Max Cap to ‘Vigorously Defend’ Against Validus Lawsuit

The Bermuda-based Max Capital Group announced that it “intends to vigorously defend the enforceability of the amalgamation agreement between IPC Holdings, Ltd. and Max against the meritless lawsuit filed on April 28, 2009 by Validus Holdings, Ltd.” [See IJ web …

WHO Raises Flu Threat Level, Warns Pandemic Imminent

The World Health Organization said Wednesday the world is at the brink of a pandemic, raising its threat level as the swine flu virus spread and killed the first person outside of Mexico, a toddler in Texas. “Influenza pandemics must …

Nebraska Workers’ Comp Court Taps Social Networking Tool

News and updates from Nebraska Workers’ Compensation Court are now available on Twitter. Twitter is a free service that lets you keep in touch with people through the exchange of quick, frequent answers to the question: “What are you doing?” …

Budget Reductions Impact Iowa Workers’ Comp Division

Due to recent budget constraints brought forth by the national economic downturn, on May 1, 2009, the Iowa Division of Workers’ Compensation announced it will be temporarily reducing the staff of deputy workers’ compensation commissioners for a period of at …

Neb. Lawmakers Fight Over Workers’ Compensation

A fight over whether to increase workers’ compensation benefits is brewing in the Nebraska Legislature. State Sen. Steve Lathrop of Omaha said during debate on a worker’s compensation measure (LB630) that lawmakers have helped farmers and businesses with a variety …

Bill to Tighten Colorado Seat Belt Law Advancing at Capitol

A proposal to tighten Colorado’s seat belt law is advancing at the Capitol. The Senate Transportation Committee backed the measure (Senate Bill 296) in a 4-3 party-line vote, with all Democrats backing it and all Republicans opposed. It now goes …