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

Synergy Adds Enhanced Coverage for Small Law Firms

Synergy Professional Associates has enhanced its coverage product for small, hard-to-place law firms. The Kinnelon, New Jersey-based MGA and surplus lines broker says its Lawyers Professional Liability Program now includes enhancements such as loss of earnings, disciplinary procedures, independent contractors, …

Seized California Insurer Golden Eagle to Pay for Landfill Cleanup

The Golden Eagle Insurance Co. will pay $400,000 to cover environmental investigation costs that the insolvent BKK Corp. was required to perform at its closed hazardous waste landfill in West Covina, Calif., the U.S. Environmental Protection Agency and the U.S. …

New Chrysler Agrees to Accept ‘Old’ Chrysler Product Liability Claims

In a letter sent members of Congress, the new Chrysler Group said it will accept product liability claims on vehicles it manufactured before it emerged from bankruptcy on June 10 with government assistance. The move is a change from its …

New Hampshire Man Convicted of Insurance Fraud

A Strafford, New Hampshire, man has been convicted of staging a burglary at his home in order to collect insurance money. The attorney general’s office says 28-year-old Bradford Sargent reported the burglary to police and filed a claim with his …

Golfers Help South Carolina Wildfire Victims Who Lacked Insurance

Golfers teed off on the South Carolina coast to help the victims of a wildfire that scorched hundreds of acres earlier this year. Thursday’s pro-am at Barefoot Resort & Golf in North Myrtle Beach was held to raise money to …

Tropical Storm Danny Weakens; East Coast Likely Spared Hurricane

Tropical Storm Danny weakened in the Atlantic Ocean Thursday and was no longer expected to become a hurricane, but it edged closer to the U.S. coast on a path that could take it to Canada’s Atlantic provinces by Sunday. Storm …

Marsh Finds Europe’s Retailers Fear Working Capital, Supply Chain Risks

New research by Marsh has found that senior executives at Europe’s leading retail and consumer brands businesses will be concerned by risks such as cash flow, credit risk and trade credit over the next 18 months. An overwhelming 75 percent …

Swiss Re Calls for Public/Private Coordination to Tackle Nat Cat Costs

Swiss Re is intensifying its efforts to urge governments to take a “more joined-up approach to managing risk.” At a recent conference in Helsinki, Swiss Re, through its Nordic Risk & Insurance Summit (NORIS™), to suggest how governments can improve …

Canada’s Insurers Urge Ontario Residents to Check Tornado Coverage

Canada’s home, car and business insurers have urged residents affected by tornadoes that recently tore through southern Ontario to check their homeowner’s policy and contact their insurance representative as soon as possible. “Wind and hail damage due to tornadoes is …

Owners of Former Landfill in Pennsylvania Sued for Cleanup

The state Department of Environmental Protection is suing the owners of a former landfill in western Pennsylvania to recover more than $3 million in hazardous waste cleanup costs. The Boldan Landfill operated in an abandoned strip mine in Westmoreland County …