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

Judge Dismisses Bid to Throw Out $2.4B R.I. Lead Paint Cleanup Plan

A judge last Friday refused to strike down a proposal from the state that calls for three former lead paint manufacturers to pay an estimated $2.4 billion to clean up roughly a quarter-million homes in Rhode Island. The companies two …

Great American Insurance Fights Mass. AG Bid-Rigging Charge

The Massachusetts attorney general has accused Great American Insurance Group of bid-rigging for what she says was a fake price quote it submitted in 2004 to a Norwood technology firm. Attorney General Martha Coakley last week filed a lawsuit alleging …

S&P Revises Swett & Crawford’s Rating Outlook to Negative

Standard & Poor’s Ratings Services has revised its outlook on HMSC Corp., the intermediate holding company of Swett & Crawford Group Inc., to negative from stable, while also affirming its ‘B’ counterparty credit rating on HMSC. “The revised outlook reflects …

Lloyd’s Becomes Chile’s First ‘Approved Foreign Insurer’

Lloyd’s announced that it has become the first foreign entity to take advantage of a recent regulatory change in Chile’s insurance practice. Following the signing of a Free Trade Agreement in 2007 “between Chile and the European Union, the South …

Delays Plaque Ill. Studies of Hospital Safety; Obama Champion of Law

When state lawmakers passed two pioneering laws aimed at providing hospital safety information to patients, health care experts said Illinois was a national model. Four years and many missed deadlines later, that’s no longer true. “It’s disappointing because Illinois was …

Detroit Company Recalls 13,150 Pounds of Meat for E. Coli Risk

A Detroit company is voluntarily recalling about 13,150 pounds of steaks and ground beef products because they may be contaminated with E. coli. The U.S. Department of Agriculture’s Food Safety and Inspection Service says the products from Mark’s Quality Meats …

Levee Breaks in Nevada, About 3,500 Temporarily Stranded, 3 Dead

A ruptured levee sent a frigid “wall of water” from a rain-swollen canal into this high desert town Saturday, Jan. 5, flooding hundreds of homes and forcing the rescue of more than a dozen people by helicopter and boat. To …

Marks To Lead New Mexico’s Public Regulation Commission

New Mexico’s Public Regulation Commissioner Jason Marks has been elected as chairman of the utility regulatory agency. The five-member PRC oversees insurance, electric and natural gas utilities, telecommunications and some transportation companies. Marks succeeds Commissioner Ben Ray Lujan as chairman. …

Montana High Court Rules in Favor of Employees in Workers’ Comp Cases

The Montana Supreme Court has ruled in favor of two employees in recent workers’ compensation decisions, saying they are due insurance for injuries received while on break and at a company party. In one case, a woman was injured during …

New Mexico Attorney General AG Settles Securities Fraud Lawsuit

New Mexico’s Educational Retirement Board, its beneficiaries and thousands of investors who are part of the punitive class stand to benefit from a lawsuit settlement between the state and an insurance company. St. Paul Travelers Companies agreed to the $77 …