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

As Usual, Much Work Remains in Final Weeks of Fla. Legislature

Lawmakers return to Tallahassee, Fla. today after Passover and Easter break still facing some high profile priorities in the final three weeks of the annual legislative session. Bills that would save Gov. Jeb Bush’s school voucher program, change the way …

Miss. AG Hood: Insurance Companies Intentionally Delaying Paying Katrina Claims

Mississippi Attorney General Jim Hood has sharply criticized insurers’ denial of Hurricane Katrina claims in Mississippi, saying companies are “in lockstep like Nazis locking arms, coming at those people down there on the coast.” Hood has a lawsuit pending in …

W.Va.’s Reversal of Workers’ Comp Policy Could Increase Rates

The sole workers’ compensation insurer in West Virginia says it will seek a rate increase as a result of Gov. Joe Manchin’s reversal of a state policy that limited benefits to widows and widowers of people who died from work-related …

Private Firms Seize Profit Opportunities in Emergency Services

If government can’t do it, business will. Once the domain of government and charitable relief groups, hurricane response and preparedness are a booming billion-dollar business — from the self-heating food packets to the souped-up cell phone towers on wheels. Call …

S&P Puts Norway’s NEMI on CreditWatch/Negative After Share Offer

Standard & Poor’s Ratings Services announced that it has placed its “BBB” long-term counterparty credit and insurer financial strength ratings on Oslo-based non-life insurer NEMI Forsikring ASA (NEMI – formerly Norway Energy & Marine Insurance ASA) on CreditWatch with negative …

S&P Assigns ‘A-‘ Rating to Sompo’s Chinese Subsidiary

Standard & Poor’s Ratings Services announced that it has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to China-based Sompo Japan Insurance (China) Co. Ltd., a wholly owned subsidiary of Sompo Japan Insurance Inc. (rated – ‘AA-/Stable/–‘), …

Danube Floods SE Europe

The river Danube, which wends its way through much of Central and Southeastern Europe, has reached its highest level since 1895 in many places. Flooding in Serbia/Montenegro, Bulgaria and Romania has inundated towns, villages and farmland, forcing thousands from their …

California State Fund Hosts Ergonomic Workshop April 18-19 in Oakland

California State Compensation Insurance Fund policyholders can learn how to use ergonomics to create a safer workplace at a free workshop at the organization’s Oakland District Office on April 18-19. Ergonomics, “the science of fitting the job to the worker …

Abram Interstate Offers Coverage for Apartments

Abram Interstate Insurance Services Inc., Rocklin, Calif., is offering a new program providing coverage for apartments / habitational. Coverage is on a package or monoline basis. Package coverage includes general liability, inland marine, crime and property. Assault and battery coverage …

E.L.M. Insurance Brokers Offers New Broker E&O Market

Effective April 1, 2006, E.L.M Insurance Brokers, El Segundo, Calif., has a new admitted professional liability program for insurance brokers’ errors and omissions. The new market, PACO Assurance Co., has an “A-” V rating from A.M. Best. The E&O program …