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

Officials Laud New Japanese Quake Alert System

Authorities hailed Japan’s new earthquake alert system as a success this week after it allowed officials to issue a tsunami warning just one minute after a magnitude 6.9 quake jolted the country’s coast a day earlier. The quake early last …

S.C. Wrongful Death Medical Suit Settled for $1.7 Million

The family of a 73-year-old South Carolina man who died after receiving the wrong drug during surgery will receive $1.775 million in the settlement of a wrongful death lawsuit, according to court documents. According to attorneys for Martha Cogan, widow …

Homeowners Insurance Directory Begins Televised Ads

InsureMyHouse.com, a national directory of homeowners insurance agents, will be featured in commercials with the Better Business Bureau. Media, PA – InsureMyHouse.com started out two years ago as an insurance information website and has grown into a national directory of …

Let Private Markets Handle Most Disasters, Insurers Advise Congress

The best way for the federal government to help property owners recover from a natural disaster is to let private insurers do what they know, except in the case of a megadisaster, when federal aid would be needed. That was …

State of Markets Focus at Surplus Lines Conference

The current state of the surplus lines industry and its carriers will be the focus of the major program at the 2007 Western States Surplus Lines Conference, set for June 19-23 in Scottsdale, Ariz., at the Hyatt Regency Scottsdale Resort …

Calif. Farm Sues Taco Bell for Libel

The Southern California farm that grew the green onions that were first linked to and then cleared in last year’s E. coli outbreak has filed a libel lawsuit against Taco Bell Corp. Boskovich Farms Inc. filed the lawsuit in Orange …

First Montana Company to Offer Workers Comp Coverage Opens

The first private company based in Montana to offer workers compensation insurance has opened. Victory Insurance Company Inc. held an open house Wednesday, marking the opening of its headquarters on the top floor of the Veterans Affairs building. The company …

Derek Hughes/NAPSLO Foundation Establishes Two New Scholarships

The Derek Hughes/National Association of Professional Surplus Lines Offices (NAPSLO) Educational Foundation announced two new educational scholarships will be offered in honor of two industry professionals. Kurt Bingeman, a member of the Board Directors of the Derek Hughes/NAPSLO Educational Foundation, …

Va.’s Alliance Bankshares Buys Fredericksburg Agency

Alliance Bankshares Corp., based in Chantilly, Va., said its subsidiary, Alliance Insurance Agency, Inc., has acquired certain assets and liabilities of the Thomas Agency, Inc., trading as Fredericksburg Insurance Group in a stock and cash transaction. Fredericksburg Insurance Group operates …

Calif. Hosts Hearing on Permanent Disability Rules

The California Assembly Insurance Committee is scheduled to hold a hearing at 9 a.m. this morning on workers’ compensation permanent and temporary disability. Since the workers’ compensation system was reformed in 2002 and 2004, employee groups have complained that benefits …