Monthly Archives: <span>August 2010</span>

Ironshore Environmental Expands Oil Spill Program to Hospitality Sector

Ironshore Environmental has expanded its suite of asset-class specific SPILLS programs to provide comprehensive environmental coverage to the Hospitality Sector. Ironshore’s Environmental Hospitality program offers asset protection against a broad range of site pollution exposures, including mold, legionella, contingent business …

Montana Workers’ Comp Overhaul Gets Green Light

A proposed workers’ compensation overhaul hammered out by business and labor is going to Montana’s full Legislature, despite stiff opposition from the equally powerful trial lawyers and doctors groups. A legislative committee tasked with fixing an expensive system unanimously approved …

S&P: The Worst Not Over for U.S. Commercial Property Markets

The slump in the U.S. commercial property market didn’t quite plumb the depths of the downturn in residential real estate, but although there are signs that home prices are nearing the bottom, commercial real estate could fall further. According to …

Connecticut Suit Against Ratings Agencies May Proceed

Lawsuits by the Connecticut Attorney General accusing three credit ratings agencies with giving artificially low credit ratings to municipalities can proceed in a Connecticut state court, a judge ruled. In a ruling made public Friday, Connecticut Superior Court Judge Robert …

BP Compensation Fund Opens for Business

A $20 billion compensation fund for economic victims of the BP Plc Gulf oil spill opens for business Monday amid accusations that the rules established by its administrator are unfair. Kenneth Feinberg who will run the fund said those who …

Pennsylvania Jury Awards $6.8M in 2007 DUI Crash

An eastern Pennsylvania jury has awarded $6.8 million in damages to a woman who was injured in a 2007 drunken driving crash. A Chester County jury found a Coatesville restaurant liable for having continued to serve a man who had …

Feds Get Nearly 10,000 Applications for Illinois Flood Aid

Federal officials have received nearly 10,000 applications for disaster assistance from seven Illinois counties hit by flooding last month. The Federal Emergency Management Agency is urging residents and business owners to apply for aid if they sustained damage or losses. …

AIG Pays Back $4B of Federal Loan

Bailed-out insurer American International Group Inc. said Monday it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far to reduce its debt to taxpayers. The payment reduces the size of the Federal Reserve …

Pennsylvania Woman Sues Store over Bedbug Complaint

A Philadelphia-area woman is suing a furniture store claiming it leased her furniture infested with bedbugs and refused to take it back when she complained. The suit filed Thursday by Robin Boyd claims Aaron’s Sales and Lease in Norristown rented …

Meadowbrook Appoints Shallcross

Michigan-based specialty insurance program manager Meadowbrook Insurance Group Inc. has appointed John P. Shallcross as director of Investor Relations & Capital Strategies. Shallcross joined Meadowbrook two years, working primarily on special projects in the accounting and finance department. Prior to …