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

U.S. Mine Industry Worried About Thefts of Emergency Air Packs

Underground coal miners in the United States are facing a new and apparently growing safety threat: the theft of emergency air packs. Authorities say the devices have been disappearing from mines, particularly in the state of West Virginia, the nation’s …

‘Running with Scissors’ Author Settles Suit with Therapist’s Family

A western massachusetts family that claimed author Augusten Burroughs defamed them in his best-selling book “Running with Scissors” has settled a lawsuit against the author and his publisher, according to the family’s attorney. Burroughs and his publisher, St. Martin’s Press, …

Vermont Safety Official Inspects Nuclear Plant After Tower Collapse

Vermont’s Public Service commissioner said the collapse of a cooling tower at the Vermont Yankee nuclear plant appears to have been an isolated problem and that the plant could be back to full power in a matter of days. “We …

Lloyd’s Donates $110,000 to International Alert Peace Fund

Lloyd’s Charities Trust announced that it plans to donate £50,000 ($110,000) to “a unique fund set up by International Alert to aid companies operating in conflict areas around the world.” The organization is in the process of developing a “Business …

ACE Expands Global Environment Coverage for US Multinationals

ACE USA announced from its Philadelphia headquarters that it has expanded its suite of environmental liability insurance products to meet “the unique exposures of U.S. multinational organizations with global locations.” ACE is making the expanded coverage available for its “environmental …

SCOR 1H Net up 77% to $247 Million

France’s SCOR Group posted impressive gains for the first half of 2007, with net income after tax of €181 million ($247 million), a 77 percent increase over the same period last year. Gross premiums written for the period were €2.124 …

Okla. Commissioner Revokes Phipps’ Insurance License

Oklahoma Insurance Commissioner Kim Holland revoked the insurance license of abstract company owner Steve Phipps, who is at the center of an ongoing federal investigation into illegal campaign financing. Holland took the action in a six-page petition filed with her …

Aviva USA Selects West Des Moines for New U.S. Heaquarters

Insurance and pension provider Aviva USA plans to build its new national headquarters in West Des Moines, Iowa, a project that will result in an investment of up to $150 million and 400 jobs, the company’s CEO said Wednesday. Aviva …

Judge Orders Trial for N.D. Workers’ Comp Director, Agency Investigator

Prosecutors have enough evidence to put North Dakota’s workers’ compensation director and the agency’s top investigator on trial for conspiracy, a judge has ruled. Sandy Blunt, the chief executive officer of Workforce Safety and Insurance, and Romi Leingang, the director …

Northeast Bank in Maine Acquires Lewiston Agency

Northeast Bank Insurance Group, Inc announced it fifth insurance agency acquisition in less than a year. The Hartford Insurance Agency, family-owned and headquartered in Lewiston, is the latest in a string of deals for the insurance subsidiary of Northeast Bank, …