Monthly Archives: <span>January 2007</span>

Enron’s legacies and directors’ and officers’ risk

Shortly after former Enron CEO Jeffrey Skilling’s Oct. 23, 2006, sentencing, the Enron Task Force said it was closing down, with its mission mostly complete. Yet did that event really signal an endpoint in the Enron criminal scandal? Perhaps it’s …

New Markets

GL for Builders, Contractors, Artisans Nuts & Bolts: Golden Insurance Co. RRG extended its commercial general liability coverage for builders, general contractors and artisans to $1 million/$1 million. Coverage is offered on a claims-made basis, and most builder trade classes …

Arson convictions now being questioned

A handful of arson convictions that relied largely on expert testimony are being re-examined because of changes in the scientific understanding of fire. Some cases are in court, while in others defense teams are making preparations. Here are a few …

New fire science could overturn arson convictions across the nation

The clues were everywhere. A young woman lay dead in a burned church camp cabin in East Stroudsburg, Pa., while her father survived. Most of the lessons taught to budding fire investigators stood out at the scene. The local experts …

Oregon promotes best practices with IMSA membership

The Oregon Insurance Division is recognizing the Insurance Marketplace Standards Association as a group that can help to establish “best practices” and promote consumer protection in the state. In a recent bulletin, Insurance Administrator Joel Ario noted the Division “wishes …

Oregon Archdiocese reorganization plan calls for $75 million settlement

Settling nearly 170 claims of priest sex abuse would cost the Roman Catholic Archdiocese of Portland, Ore., about $75 million under a reorganization plan. The plan represents the first bankruptcy in the nation filed by a diocese. Insurance companies have …

People and Places

Zurich Financial Services Group appointed Maine Insurance Superintendent Alessandro A. Iuppa head of government and industry affairs for General Insurance, and chief government affairs officer for North America. Both appointments are effective Jan. 15, 2007. Neal Odom joined MarketScout, the …

Late storm binge has Western states singing holiday claims blues

While the nation was mostly natural disaster-free in 2006, the West suffered a few fourth quarter storms that took the blush off of an otherwise relatively rosy year. Beginning with Thanksgiving and heading into the New Year, the western states …

Future predictions

People ring in the New Year with all sorts of traditions. New Yorkers drop a Waterford crystal ball in Times Square. Japanese families shoot off fireworks to keep evil spirits away. And in the South, a meal of cornbread black-eyed …

Kan. Commissioner Offers Tips on Insurance Coverage

Kansas Insurance Commissioner Sandy Praeger is offering New Year’s tips on smart choices for insurance coverage. Praeger said in her release that “even though most Americans, three fourths, feel they have about the right amount of insurance coverage only one-third …