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

Hurricane Bill Drenches Eastern Canada; Two Die in U.S.

Hurricane Bill brought rain and heavy winds to eastern Canada Sunday after pounding the U.S. East Coast with heavy seas that killed two people. A seven-year-old girl died in a hospital after she was pulled unresponsive from the sea by …

Fires Reach Athens Suburbs, Thousands of Residents Evacuated

A massive wildfire tore through outlying suburbs north of Athens early Sunday, destroying homes and forcing thousands to flee in dramatic overnight evacuations, Fire Service and local officials said. The fires near the capital raged for a third day, blackening …

Report from China Says Climate Talks Stymied by Political Interests

Little progress has been made so far on a new pact to combat global warming, with “commercial and political interests” continuing to prevail, China’s senior climate change official said on Monday. The vice-director of the National Development and Reform Commission, …

Piracy Remains a Concern Says Lloyd’s

The news media sometimes neglects important events in an effort to avoid overexposure. But when a new twist occurs, the media returns to the subject with a vengeance. The latest example is the extensive coverage given to the hi-jacking of …

Pirelli’s Risk Manager Named as New FERMA Board Member

Jorge Luzzi, Worldwide Director of the Risk Management Department for the Italian based industrial group Pirelli, has been appointed as a member of the board of the Federation of European Risk Management Associations (FERMA). He is also a member of …

Huge Hacking Case Highlights Companies’ Vulnerability to Breaches

Consumers and companies are vulnerable to hackers and identity thieves even after U.S. authorities arrested a man they said was a master hacker who stole 170 million credit and debit card numbers. Estimates on the total financial impact of breaches …

Surplus Lines Group Contests Montana’s Right to Stamping Fees

The surplus lines industry is taking issue with the Montana Commissioner of Securities and Insurance over its decision to take over the collection of stamping fees from the Surplus Lines Stamping Office, previously part of the Montana Surplus Lines Agents …

Florida Workers’ Compensation Insurers Propose 6.8% Rate Cut

Florida workers’ compensation insurers are recommending an overall average rate decrease of 6.8 percent statewide, which state officials said would save employers more than $166 million. Florida Insurance Commissioner Kevin McCarty confirmed that he has received the latest rate filing …

The Plexus Groupe Names Morrison VP – Business Development

Chicago-based commercial insurance brokerage consulting firm, The Plexus Groupe LLC, has added Glenn Morrison as vice president of Business Development. Morrison will serve in a management and leadership capacity, helping to drive organic growth and producer development for the firm. …

Texas Mutual Announces $200K Verdict in Premium Fraud Case

Texas Mutual Insurance Company reported that Erection Professionals Inc. in Pleasanton has pleaded guilty to workers’ compensation fraud-related charges. A Travis County district court ordered the company to repay $200,000 to Texas Mutual. Texas Mutual alleged that Erection Professionals – …