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

INSURER NOT LIABLE IN CONN.’S AVAN MOUNTAIN CRASH

A federal judge has ruled that the insurance company for a Bloomfield trucking company involved in a fiery fatal crash on Avon mountain does not have to pay victims and families of those killed. The ruling involves American Crushing and …

Judges fault Spitzer on case against Greenberg over charity funds

One of Eliot Spitzer’s more contentious cases from his years as attorney general in New York was criticized by a panel of retired judges who discounted his claims that insurance executive Maurice R. “Hank” Greenberg cost his mentor’s charity $6 …

My New Markets

Community Banks Nuts & Bolts: Progressive Casualty Insurance Co. has added a new coverage to its American Bankers Association-sponsored Financial Institution Program. The new coverage, Privacy Liability and Mitigation Expense, is designed to address banks’ liability arising from unauthorized access …

Firm has learned the art of tracking stolen masterpieces

The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …

People and Places

Willis Group Holdings Limited has amended the employment agreement with Chairman and Chief Executive Officer Joseph J. Plumeri to extend its term for an additional year. The employment agreement, which was scheduled to expire Oct. 15, 2008, will now expire …

Sarbanes-Oxley use in Conn. case worries corporate defense bar

The arrest of a prominent attorney on charges of destroying evidence in a Connecticut child pornography investigation is raising alarm bells that a law targeting corporate accounting schemes could be used to prosecute lawyers over work done on their clients’ …

N.J. high court rules first responders can sue negligent property owners

The New Jersey Supreme Court ruled that when police and firefighters get hurt handling an emergency, they may sue and win compensation if negligence contributed to the injury. The unanimous decision found that a 1993 state law effectively abolished the …

Working in New York

New York Governor Eliot Spitzer is off to a tremendous start on insurance issues, having helped engineer a major reform of the state’s workers’ compensation laws. Framing it as critical to restoring the state’s economic competitiveness, Spitzer made it one …

Arizona Offers Auto Insurance Comparison Guide

The Arizona Department of Insurance has released the latest edition of its “Automobile Insurance Premium Comparison” to aid consumers with comparison shopping for auto insurance. The publication contains price quotes from 75 insurers for a dozen different driver scenarios, highlighting …

Minn. Senate Okays Insurance for Same-sex Partners of State Workers

The Senate on Saturday voted to allow same-sex partners of state workers to buy into the state’s health insurance program, even as opponents charged it was a stealth attempt to clear a path for legalized gay marriage. Supporters said they …