Yearly Archives: <span>2007</span>

Engineer Says Providence, R.I. Hurricane Barrier Needs Repairs

A hurricane barrier protecting downtown Providence, R.I. from floods caused by major storms needs about $20,000 in repair work. City Engineer William Bombard says a gear broke several months ago, so one of the massive doors on the barrier is …

Conn. Insurance Groups Plan Benefit for Autism Society

Eight Connecticut insurance organizations are joining together to support research into autism. The Hartford Pond, the local chapter of the Honorable Order of the Blue Goose, in conjunction with seven other state insurance organizations, will host an industry-wide benefit on …

Zurich Establishes Asia-Pacific Corporate Business Unit

Zurich Financial Services Group announced that it will expand its services for corporate customers into the Asia-Pacific region with the creation of a new business unit, Global Corporate in Asia-Pacific (GCiAP). The new unit will be based in Hong Kong …

Best Upgrades Company Ratings after Country Risk Methodology Review

A.M. Best Co. announced that it has upgraded the ratings of a nember of companies -l isted below – following a review of the application of its country risk methodology within the rating process. Best explained that as part of …

Willis Expands Global Graduate Program after China Success

Willis Group Holdings will expand its global graduate program in 2008, following the program’s “huge success” in China. The number of places available to students has risen from 14 in 2007 to 20 in 2008, which has led to a …

Guy Carp Publishes UK Flood Report

Guy Carpenter & Company, LLC has published “Wrong Type of Rain: Impact and Implications of 2007 UK Floods,” an in-depth analysis on the extensive flooding that caused severe damage in north-eastern England in June 2007 and central and south-western England …

Japan’s Millea Group to Buy Lloyd’s Kiln for $898 Million

The boards of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), the main operating companies of Japan’s Millea Group, and Bermuda-based Kiln Ltd. , a major Lloyd’s insurer, announced that they have reached agreement on the terms of a …

Miss. Litigation Group Forms to Maintain Momentum in Katrina Cases

The Katrina Litigation Group announced its formation in Mississippi to proceed where the Scruggs Katrina Group began with major litigation on behalf of policy holders. This group is comprised of the Barrett Law Office, P.A., Nutt & McAlister, PLLC and …

Ind. Department Announces Lower Medical Malpractice Rates for 2008

ndiana Department of Insurance (IDOI) Commissioner Jim Atterholt recently announced that Patient’s Compensation Fund (PCF) surcharge rates will be reduced by 19.1 percent for physicians and 1.3 percent for hospitals effective March 1, 2008. “This is the first reduction for …

OSHA Fines 4 Companies in Deadly Mississippi Bridge Collapse

A bridge collapse in Mississippi that killed two workers and injured seven others was a “preventable” tragedy and four companies share the blame in the deadly mishap, the Occupational Safety and Health Administration said Wednesday. OSHA proposed fines totaling $95,725 …