Yearly Archives: <span>2011</span>

Minnesota Man Imprisoned After Crash Sues Toyota

Attorneys for Toyota Motor Corp. asked a federal judge this week to dismiss most of the claims filed by a Minnesota man who was incarcerated after a fatal crash involving a 1996 Camry, saying the automaker had no direct connection …

Lawyer for Wisconsin Abuse Accuser Says Vatican Refuses Lawsuit

The attorney for a man who says he was sexually abused decades ago by a now-deceased priest at a Wisconsin school for the deaf says the Vatican has refused to be served with a lawsuit over the matter. St. Paul …

Large Sinkhole Forms in Intersection in Texas

A 10-foot-deep, 20-foot-wide sinkhole has formed in an intersection in eastern Austin, Texas. Austin Water Utility officials tell the Austin American-Statesman that they expect the 30-foot-long sinkhole at the intersection of Mildred and Willow streets will take up to three …

Hylant Acquires Michigan Benefits Agency

Ohio-based Hylant Group, one of the largest privately owned insurance brokerage firms in the nation, recently acquired a substantial portion of Creative Benefits Systems (CBS), an employee benefits provider in Grand Rapids, Michigan. The acquisition will expand Hylant’s employee benefits …

Oklahoma Seeks Out-of-State Adjusters to Help with Storm Claims

Oklahoma Insurance Commissioner has issued an emergency order granting licenses to insurance adjusters form other states to help cope with claims expected as a result of a major winter storm. The state is among those being hit with severe snow, …

Ambac Wins Court Approval to Overhaul Insurance Unit

Ambac Financial Group won a court ruling allowing it to overhaul its insurance unit, a decision that its bankrupt parent greeted as a ‘gigantic step” forward. The plan, which a Wisconsin state judge approved, allows the Ambac Assurance Corp. unit …

Lloyd’s of London Names Smith Southeast Director

Lloyd’s of London has appointed Rodney Smith to serve as the regional director for Lloyd’s newly established Southeast region. Smith will be based in Atlanta, Georgia and be responsible for market development in Virginia, North Carolina, South Carolina, Georgia, Florida, …

91,000 Gulf Oil Spill Claimants, BP Partner Gets Only Final Payment

BP’s compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of people and businesses waiting for checks, records show, and that $10 million payout went to a company after the …

Ratings Roundup: Assurant, Brickstreet

Standard & Poor’s Ratings Services announced that its ratings on Assurant Inc. (BBB/Stable/A-2) and its related companies were unaffected by the announcement that Assurant will take a noncash goodwill impairment charge of $306 million (after taxes) for the fourth quarter …

Mississippi AG Asks Court to Intervene in BP Oil Spill Claims Fund

U.S. courts must compel the administrator of BP’s $20 billion oil spill fund to meet his legal obligations and stop short-changing victims of the Gulf of Mexico disaster, Mississippi said on Tuesday. Until now, ‘sweeping deficiencies and violations of law” …