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

Safety Award at West Virginia Mine Stirs Critics

The federal Mine Safety and Health Administration plans to give a safety award to a Massey Energy Co. underground mine in West Virginia where two men were killed in a January 2006 fire. Massey announced the award for its Aracoma …

Alabama Gov. Addresses Food Safety Issue During Trip to China

While in China last week on a business and trade mission, Alabama Gov. Bob Riley is promoting efforts to link scientists from Huntsville with Chinese health agencies to improve public health and food safety. Riley and Dr. Jian Han of …

Massachusetts Gets $13M from $676M Unum Settlement

The Massachusetts Division of Insurance, one of three lead state regulators in a multi-state examination of the Unum Group’s handling of disability claims, said the country’s leading writer of disability insurance has completed a mandated claims reassessment process and returned …

Fraud Investigation Leads Connecticut to Revoke Agent’s License

The Connecticut Insurance Department has revoked the license of a Middlesex County insurance agent who it says forged clients’ signatures and held thousands of dollars in payments in his own bank account. Those allegations against David M. Raczka follow an …

New York Senate Tweaks Medical Malpractice Insurance Requirements

The New York State Senate has passed a bill that lowers the required level of primary medical malpractice coverage that a doctor must have to qualify for the state’s Excess Medical Malpractice Liability Insurance Coverage Program. The bill, S 7038, …

Swiss Re Funds ‘Integrative Risk Management’ Chair

Swiss Re announced today that it will finance a new Chair for Integrative Risk Management at the Swiss Federal Institute of Technology Zurich (ETH Zurich). “The Chair will be established to create a world-class global risk management research and education …

Number of Medical Malpractice Suits in Pennsylvania Down

The number of medical malpractice lawsuits filed in Pennsylvania declined for a third consecutive year in 2007, according to figures released Monday by the state Supreme Court. The number of suits, 1,617, represented a 4.5 percent decline from 2006 and …

Democrat Vying for Delaware Insurance Post Defends Funds

A Democrat running for insurance commissioner says contributions listed in his campaign finance report from a state contractor aren’t unethical. INS Regulatory Services Inc. — which has received $60 million from the state insurance department to perform financial examinations — …

Basel Bank Regulator Proposes New Global Rules

The world’s top bank regulator said on Wednesday it proposes to tighten rules and raise the cost of issuing and trading risky securities, giving a clear signal that supervisors are cracking down following the subprime crisis. The Basel Committee on …

S&P: QBE, IAG Ratings Unchanged After Rejected Merger Proposal

Standard & Poor’s Ratings Services said that its ‘A+’ ratings on the core operating entities of QBE Insurance Group Ltd. (currently ‘A-‘ with a stable outlook) are unchanged after QBE’s announcement that Insurance Australia Group Ltd. (rated ‘AA-‘, but on …