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

R.I. Offers Loans to Tiverton Homeowners with Contaminated Land

Rhode Islanders whose homes are contaminated with toxic waste can now apply for low-interest loans from the state government under a bill signed by Gov. Don Carcieri. The signing ceremony was held in a Tiverton neighborhood where landfill beneath a …

Truck Firm in Avon, Conn. Crash Charged with Manslaughter

After a yearlong investigation, the owner of the runaway dump truck that slammed into a group of cars at the bottom of Avon Mountain in Connecticut a year ago has been charged with manslaughter. David Wilcox, 71, who ran American …

Delaware Inaction on Workers’ Comp Disappoints Insurers

The Delaware General Assembly concluded its 143rd legislative session late on June 30, 2006 without addressing comprehensive reform of the workers’ compensation system. But the Assembly did maintain an exemption for property-casualty insurers in the security freeze legislation (SB 109) …

Hail Storm Keeps Mt. Washington’s ‘Crashbuster’ Van Totally Busy

“It was like Armageddon,” independent agent Pam Sakowski says of the hailstorm that hammered Exeter, New Hampshire, on July 11. Sakowski, who owns the Ray F. MacDonald Agency in Durham, was visiting her friends at Foy Insurance Group in Exeter, …

Exercise Trumps Ergonomics in Treatment of Upper Body Work Injuries

Many conservative methods used to treat work-related complaints of the upper body have only limited effectiveness, according to an updated systematic review by Arianne Verhagen, Ph.D., and her colleagues in the Netherlands. Exercise, however, emerged as “a very good thing …

Taiwan May Relax Investment Rules to Compete with China

The Taiwan government may allow a number of companies to invest more in rival China but will not grant an overall relaxation of its investment restrictions, a senior government official said. Taiwan plans to hold a two-day economic forum in …

Getting your commercial producers to prospect

Some producers never seek out fresh prospects. Instead, their managers employ list services and telemarketers to spoon-feed them their leads. Still, this is the exception in the agency business and not the rule. Most producers must uncover their own prospects, …

Preemptive plans crucial to protect art and collectibles

With the start of hurricane season, AXA Art Insurance issued a reminder to collectors on ways to prepare for the worst and save valued possessions and important symbols of cultural heritage. Recognizing that ensuring the safety of one’s home and …

U.S. property/casualty industry posts record 1Q profits

News Currents The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio—a key measure of losses and other expenses per dollar …

Strong earnings keep insurers’ stock prices stable; M&A activity remains flat

Stock Prices: Insurers’ stock prices remained relatively stable during the second quarter of 2006. In a time of the year when stock prices tend to fluctuate depending on the weather forecast, companies were able to offset the fear of another …