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

Ga. Insurance Commissioner: Sugar Refinery Fire was Accidental

Insurance and Safety Fire Commissioner John W. Oxendine said an investigation by his office, local authorities and federal officials has determined that the explosion and fire at the Imperial Sugar Co. refinery in Port Wentworth, Ga., was accidental. “We believe …

Pa. Man Gets Probation for Helping to Bilk Insurance Company

A Pennsylvania man has been sentenced to three years’ probation for defrauding an insurance company with the help of a chiropractor. A federal judge in Pittsburgh also ordered 31-year-old Brandon Burns of Murrysville to pay back Highmark Blue Cross/Blue Shield …

Conn. to Hold Hearing on PXRE Acquisition

The Connecticut Insurance Department said it will hold a public hearing later this month on the proposed acquisition of PXRE Reinsurance Co. by U.K.-based Tawa. Tawa announced the plans to acquire the company from Bermuda-based Argo Group International Holdings Ltd. …

New York State to Launch Bid Bond Program

New York’s minority- and women-owned businesses could have an easier time getting surety bonds needed for state and private contracting work under an ambitious program that will launch in New York City later this week and in Buffalo, Syracuse, Rochester …

N.Y. Regulator to Weigh Split of FGIC’s Bond Insurance Business

New York regulators are eager to consider splitting Financial Guaranty Insurance Co.’s core bond insurance businesses to protect municipal credit ratings against costly downgrades and stem troubles in the debt markets. Last Friday, FGIC said would like to organize a …

U.S. Supreme Court to Hear 5 Age Bias Cases This Term

There is only one anti-bias law — the one against discrimination based on age — that would cover all nine U.S. Supreme Court justices, if such laws applied to them. The justices, ranging in age from 53 to 87, are …

R.I. Display Case Firm Fined 3 Times for Worker Injuries

A display case manufacturer has reached three settlement agreements with the federal government over workplace injuries since 2002. Federal Occupational Safety & Health Administration records show Packaging Concepts Ltd. reported 125 injuries from 2000 and 2006. The number of injuries …

Burns & Wilcox Adds Commercial Lines Producer in Cleveland

Burns & Wilcox recently announced that Karen Sutera has joined the company’s Cleveland office as a commercial lines producer. Sutera has more than 10 years experience in the insurance industry and has an underwriting background. Most recently, she was a …

Willis Expands UK Employee Benefits Practice

Willis Group Holdings announced that its UK Employee Benefits Practice would be further strengthened by three senior appointees and the expansion of its capabilities to Reading. Jamie Simmons and Chris Bhatt, who have a combined 28 years of experience in …

Chinese Regulators Cite Marsh as #1 International Broker

Marsh got a chance to deliver some good news, when the China Insurance Regulatory Commission (CIRC) ranked it number one out of China’s top 20 intermediaries based on annual invoiced revenue. The survey published in the CIRC’s 2007 Insurance Intermediary …