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

People

Louisiana Workers’ Compensation Corporation hired Michael Page as director of safety and loss prevention. Page previously was director of loss prevention services for Workforce Safety and Insurance in North Dakota and corporate health and safety manager for Remedial Construction Services …

AIG to Pay $12.5M in Settlement with States Over Bid-Rigging Allegations

American International Group Inc. (AIG) confirmed in late January that it reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing, and questions about undisclosed contingent commissions paid to brokers. AIG …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Private and Parochial Schools Nuts & Bolts: Francis L. Dean & Associates of Colorado is …

State Officials Not Sold on New License Rules Under Real ID Act of 2005

States have five more years to verify identity, reissue licenses; even so some states continue to refuse compliance State officials and some in Congress remain skeptical about new federal rules for driver’s licenses, even after major changes designed to cut …

Analysis: Theriot-Donelon Insurance Spat in La. Goes On

When they disagree, political veterans in Louisiana’s Capitol often avoid the microphones and have their arguments in private. Not so Jim Donelon and Steve Theriot. Donelon, state insurance commissioner, and Theriot, the legislative auditor, are old friends now engaged in …

It Figures

$500 Pine Bluff, Ark.’s new fire chief is so fed up with arsons at abandoned homes in his city that he’s reaching into his own wallet to try and stop the blazes. The Associated Press reported that Don Horton will …

Teacher, Gypsy, Even an Insurance Agent Make Fraud Hall of Shame List

A glass-eating gypsy, a teacher who faked terminal cancer, and an insurance agent who killed homeless clients are among the top insurance swindlers of 2007. These convicted thieves were inducted into the Insurance Fraud Hall of Shame by the Coalition …

Time to Invest Infrastructure

U.S. District Judge Stanwood Duval recently dismissed a lawsuit against the U.S. Corps of Engineers over levee failures in New Orleans following Hurricane Katrina in 2005. Duval ruled the Corps had immunity from the lawsuit, not because he didn’t believe …

The Subprime Mess Spills Into ERISA Lawsuits

Lawsuits against 401(k) plan fiduciaries and fund managers on the rise Subprime-related ERISA lawsuits fall into one of two categories: lawsuits brought by or on behalf of employees against plan fiduciaries in connection with company stock held in the employees’ …

States Look to Curb Text-Messaging Drivers; Could GPS Users Be Next?

Text messaging is all the rage. Hopefully, not a road rage. An increasing number of state lawmakers are concerned by the rash of accidents caused by text-happy drivers. Although many states already have laws that require cell phone-users to wear …