Monthly Archives: <span>January 2008</span>

Statistics Based on Atlantic Hurricane Activity Can Overestimate Risk

New research on the link between the formation of hurricanes in the Atlantic basin and U.S. landfall activity suggests that using Atlantic basin hurricane activity as a proxy for landfall activity can lead to erroneous estimates of both landfall risk …

I.I.I.’s Hartwig Slated to Wrap Up Texas Agency Management Seminar

The Independent Insurance Agents of Texas’ 45th Annual Joe Vincent Management Seminar, to be held in Austin Jan. 27 – 29, will feature a motivational presentation by an Olympic speedskater and a rapid-fire wrap up by Insurance Information Institute President …

S.C. Dog Food Maker to Pay $3.1 Million Settlement after Pet Deaths

A South Carolina company that made contaminated pet food that killed dozens of dogs nationwide will pay $3.1 million in a settlement with pet owners, an attorney said last week. The pet food, which contained a mold called aflatoxin, was …

N.J. Man Dies after Being Trapped Under Own Car

An elderly man from New Jersey died after being crushed beneath his own car while trying to maneuver around a shopping cart. Eighty-one-year-old William Peters had the door of his 2000 Mercury open as he was trying to back up …

Buffett’s Role Disputed As Former Execs Head To Trial

Billionaire investor Warren Buffett has long been revered in the business world, but his importance at a trial involving the world’s largest insurer is hotly contested. The trial starts today in federal court in Hartford for four former executives of …

Swett & Crawford Names Dyson Sr. VP

Swett & Crawford appointed Meredith Dyson as a senior vice president. Dyson, who will assist the company with its marketing efforts and other related activities, will be based in New York. Most recently, Dyson was with Mercator Risk Services Inc. …

Police Update: Fire that Gutted Kentucky Courthouse was Arson

Officials in western Kentucky now say arson is to blame for the fire last week that nearly destroyed the Carlisle County Courthouse. The investigation is still under way. The fire started early on the morning of Dec. 26. No one …

Insurance Fraud Expert from La. AG’s Office Picked for Inspector General

Louisiana’s Gov.-elect Bobby Jindal picked a lawyer in the state attorney general’s office as Louisiana’s new inspector general, a position intended to investigate executive branch fraud and waste. Stephen Street, 43, has been chief of the attorney general’s insurance fraud …

Rules on Stronger Earthquake Codes for Ark. on Hold for Now

An Arkansas legislative committee has put off a review of the state’s building code after lawmakers questioned costs related to making structures withstand earthquakes that come once every 2,500 years. Firefighters and others support the new regulations to the Arkansas …

Report: Deadly Explosion at Fla. Chemical Plant Equal to Ton of TNT

The blast from an explosion that killed four workers at a Florida chemical plant last month was equal to a ton of TNT and blew debris as far as a mile away, a U.S. investigator said Thursday. “The blast at …