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

Better Data Needed to Fight Cargo Thefts, Say Insurers, Law Enforcement

It’s like “Gone in 60 Seconds” with tractor trailers. Thieves steal billions of dollars of electronics, medicine, vehicles and other items from U.S. businesses each year by targeting trucks and other cargo shipments, and insurance and law enforcement leaders say …

U.S. Report Questions Safety of Chemical Used in Plastic Bottles

A chemical used to make baby bottles and other shatterproof plastic containers could be linked to a range of hormonal problems, a preliminary government report has found. The report was greeted by some environmental groups as confirmation of their concerns, …

Willis Energy Chairman Analyzes Hazard Risk Management

Speaking at the recent World National Oil Companies Congress in London, Phillip Ellis, Chairman of Willis Energy, a division of Willis Group Holdings, presented hazard risk management as a guard against shocks that can destroy companies. Ellis pointed to “war …

Lloyd’s Braces for U.S. Hurricanes

Lloyd’s insurers with exposures on the US East Coast have been told to brace themselves for an above average storm season, with as many as eight hurricanes tearing through the Atlantic. In an article on its web site (www.lloyds.com), Lloyd’s …

Omega Terminates Takeover Talks

Bermuda-based Omega Insurance Holdings Limited, which also focuses on the Lloyd’s and U.S. markets, announced that takeover discussions “with potential offerors” have been terminated. Last February Omega’s Board announced “that it was in discussions with a number of parties who …

Fairfax Readies for U.S. Recession

Fairfax Financial Holdings, which made record profits last year on the back of U.S. credit default swaps, remains on guard against a depression-type slide in the U.S. economy, its chief executive told shareholders Wednesday. “We are conservatively positioned,” Fairfax Chairman …

Another Insurance Association Joins Fight to Defeat Colorado Auto Rate Bill

Another insurance association is joining in the fight to defeat Colorado House Bill 1389. The Fair Accountable Insurance Rates Act is expected to be heard in the House Business Affairs and Labor Committee on Thursday, April 17. According to the …

California Judge Approves Ford Explorer Settlement

A California judge on Tuesday approved the settlement of a class-action lawsuit that will compensate about 800,000 Ford Explorer owners whose vehicles lost value because of a perceived rollover danger. The settlement ends lawsuits against Ford Motor Co. in California, …

Utah To Examine Earthquake Vulnerabilities

A Utah advisory panel is planning on developing a priority list for assessing state buildings that might be vulnerable in an earthquake. The Utah Seismic Safety Commission plans on finding out what seismic assessments have already been conducted for all …

Florida Provides Free Training for Volunteer Firefighters

Over 150 volunteer firefighters from across the state gathered this week at Florida State Fire College in Ocala for an intensive five-day training session, according to State Fire Marshal, Alex Sink. The training will provide firefighters with the latest firefighting …