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

Another Merck Victory: Ala. Jury Rejects Claims Against Vioxx

State court jurors sided with drug manufacturer Merck & Co. on Friday and rejected the claims of an Alabama man who blamed the painkiller Vioxx for a heart attack in 2001. Attorneys for Gary Albright, 57, had told jurors he …

Former NFL Player’s Estate Wins Disability Benefits

The estate of NFL Hall of Fame center Mike Webster is entitled to collect more than $1.5 million in disability benefits because brain damage left him unable to work following his football career. The unanimous decision by a three-judge panel …

Suit Alleges ‘First Strike’ Label for Collector Coins is Deceptive

To avid collectors, coins that stand out as rare or of exceptional quality are worth more than their weight in platinum, silver or gold. Numismatic enthusiasts are often willing to pay a premium for American Eagle, American Buffalo and other …

Maryland’s Biggest Malpractice Insurer to Cut Premiums 8%

The largest medical malpractice insurer in Maryland is looking to drop premiums by 8 percent for next year in what would be its first rate reduction since at least 1992. The potential premium cuts by Medical Mutual Liability Insurance Society …

State Farm to Begin Excluding Wind Coverage in Miss.

A State Farm Insurance Co. executive says the company is no longer offering wind coverage for new customers in Mississippi’s six southernmost counties and is reviewing whether to continue extending the coverage on renewals. Because the base hurricane deductible is …

Supreme Court: Florida Insurance Law Doesn’t Cover ‘Snowbirds’

“Snowbirds” and other part-time Florida residents who insure their cars back home cannot make claims under Florida laws that may be more favorable to them than those in their own states, the state Supreme Court has ruled. The ruling applies …

Fla.’s Citizens Makes Sinkhole Coverage Optional for Some

By making sinkhole coverage optional, Citizens Property Insurance Corp. will reduce rates for Pasco County homeowners by as much as 56 percent. Homeowners throughout the state who wish to purchase the sinkhole coverage may do so for an additional premium …

New Online Florida Citizen’s Commercial Rating Program Launched

Insurance Technologies Corporation, ITC, of Carrollton, Texas has launched a web based Florida Citizen’s Commercial JUA and WUA rating system. The Internet rater, called “TurboStorm”, is the latest addition to the popular “TurboRater” family of products. TurboStorm replaces a DOS …

Unilever Recalls Ragu Pasta Sauce over Undeclared Milk

Unilever said that it is, in cooperation with the Food and Drug Administration, voluntarily recalling 1,000 jars of a variety of Ragu pasta sauce from North Carolina and 14 other states because the formula contains undeclared milk. People with an …

Mass. Auto Rates Cut 11.7% for 2007

As expected, auto insurance rates in Massachusetts will be going down again in 2007, this time by as much as 11.7 percent on average. Massachusetts Insurance Commissioner Julianne M. Bowler today announced the decision in the 2007 private passenger insurance …