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

Georgia Gov. Authorizes Funding to Improve Highway Safety

In the name of automobile safety and traffic flow issues, Gov. Sonny Perdue announced the Georgia Department of Transportation has awarded a $192 million contract for the long-anticipated reconstruction of the Interstate 20/520 interchange in Augusta. Area motorists can expect …

Ala. State Fire Marshal Joins State Forester’s Fireworks Ban

State Forester Linda Casey issued an emergency drought declaration temporarily banning discharging fireworks in 33 Alabama counties. Alabama State Fire Marshal Ed Paulk has joined in the issuance. “The situation in our state is extremely dangerous for burning and for …

Ratings Recap: HSB Engineering; Everest Re

A.M. Best Co. has affirmed the financial strength rating of “A++” (Superior) and the issuer credit rating (ICR) of “aa+” of the UK-based HSB Engineering Insurance Limited (HSBEIL) with a stable outlook. Best’s analysis is based on its review of …

Insurance Group Urges Repeal of Mo.’s Workers’ Comp Second Injury Fund

Best Affirms AIG’s ‘Superior’ Ratings

A.M. Best Co. has affirmed the financial strength ratings of American International Group Inc. and a number of companies that are part of AIG, as follows: — AIG’s life and retirement services subsidiaries – financial strength rating (FSR) of “A+” …

Hurricane Forecasting Satellite Could Fail Anytime

An aging U.S. weather satellite crucial to accurate predictions on the intensity and path of hurricanes could fail at any moment and plans to launch a replacement have been pushed back seven years to 2016. In a letter obtained by …

N.M. Requires Transportation Operators To Beef Up Coverage

Certain public transportation operators will soon be required by the New Mexico Public Regulation Commission to carry more liability insurance. Up to 3,000 so-called “incidental carriers” may be subject to the new requirement beginning June 15. Incidental motor carriers, which …

Bill Aims to Add Accountant to Calif. State Fund Staff

The California Assembly has passed a bill, which would require the organization to add a certified public accountant to its staff. Additionally, the bill would require SCIF’s board of directors to appoint a subcommittee from among its members to serve …

Fireman’s Fund Launches Product for Video Gaming Industry

Novato, Calif.-based Fireman’s Fund Insurance Co. has new coverage for the video game development industry. The coverage expands on its existing offerings for film production. According to the company, the average cost of developing game software in the early 1990s …

Former Mass. Inspector General to be Watchdog as New Orleans Rebuilds

A former Massachusetts inspector general, who gained prominence for questions he raised about the long troubled Big Dig highway project, will be New Orleans’ top watchdog as it rebuilds after Hurricane Katrina. Robert Cerasoli, 59, was offered and accepted the …