Monthly Archives: <span>January 2006</span>

Okla. Sen. Authors Bill to Identify Uninsured Drivers

Oklahoma State Senator James A. Williamson has authored legislation to help identify uninsured motorists. Under his proposal, vehicle owners would be required to display a decal on the driver’s side of the windshield verifying insurance coverage and the dates the …

Ohio Congressman Out as Chair of House Administration Committee

Ohio Republican Representative Bob Ney said Sunday that he will temporarily step down as chairman of the House Administration Committee. Ney has been implicated in the lobbying corruption investigation and scandel centered around the guilty plea of lobbyst Jack Abramoff, …

Forsyth Joins OneBeacon as General Counsel, Replacing Retiring Singer

OneBeacon Insurance Group, a subsidiary of White Mountains Insurance Group, Ltd., has named Thomas Forsyth as senior vice president and general counsel reporting to CEO Mike Miller. Forsyth will oversee all corporate legal and government affairs for the company. He …

W.Va. Governor Supports Pilot Health Care Program

A pilot program to bring affordable and preventable health care to West Virginians, based on a Wheeling doctor’s idea, has been announced by Gove Joe Manchin. According to the Wheeling News-Register the Preventive Care Clinic-Based Plan was created by Dr. …

Ky. General Assembly Bill Would Require Large Companies to Provide Health Insurance

A bill before Kentucky’s General Assembly follows Maryland’s lead to require Wal-Mart to spend more on health insurance for employees and would require employers with 10,000 or more workers to spend at least 8 percent of their payrolls on health …

S&P Survey of Australia NZ Market Notes M&A Activity; Rating Changes

Standard & Poor’s Ratings Services has issued a report which notes: “Rating actions picked up noticeably in Australia and New Zealand in 2005, as merger and acquisition (M&A) activity intensified and issuers increased their appetite for financial risk.” S&P said …

FERMA Risk Managers Respond to Avian Flu Threat

The Federation of European Risk Management Associations (FERMA) has issued a timely bulletin on the multiple risks society faces from the threat posed by the avian flu virus H5N1. “A massive outbreak of avian flu will not only affect the …

SCOR’s P/C, Credit and Surety Treaty Renewal Premiums Up 25%

France’s SCOR Group announced that “premium income linked to Non-Life and Credit & Surety treaties up for renewal on 1 January 2006 is up by around 25 percent.” The bulletin added, “these renewals on 1 January 2006 relate to around …

S&P Lowers Cassiopea Re’s Ratings to ‘BBB+; Withdrawn at Company Request

Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Luxembourg-based reinsurer Casiopea Re S.A. to “BBB+” from “A-,” and removed them from CreditWatch, where they had been placed with …

LWG Consulting Acquires Chicago Data Recovery Inc.

LWG Consulting, providers of technical expertise regarding disasters involving high technology equipment, recently announced the acquisition of the assets of Chicago Data Recovery, Inc., effective January 1, 2006. Since its inception in 1984, LWG Consulting is best known for providing …