May 19, 2008
Georgia Gov. Sonny Perdue asked President Bush for a major disaster declaration to assist residents and local governments in Bibb, Carroll, Crawford, Douglas, Emanuel, Glynn, Jefferson, Jenkins, Johnson, Laurens, McIntosh, Truetlen, Twiggs and Wilkinson counties. Perdue’s May 16 request will …
May 19, 2008
Insurance companies in Delaware would be banned from raising the auto insurance rates of policyholders or dropping their policies because they are volunteer firefighters and ambulance company members a under proposed legislation. Senate Bill 239 is sponsored by state Sens. …
May 19, 2008
Insurance professionals took note recently when a Franklin County, Ohio judge awarded $3 million plus legal costs to a family whose central-Ohio home became overrun with toxic mold, presumably caused by the contractor’s defective construction techniques and means. Immediately insurance …
May 19, 2008
While 98 percent of Americans claim to be safe drivers, a vast majority also admit to driving while distracted (DWD). That’s according to a survey by Nationwide Insurance which found that more than four out of five cell-phone owners are …
May 19, 2008
American International Group announced a $1 million (approximately 7 million RMB) donation to support relief and rebuilding efforts following the recent 7.9-magnitude earthquake that struck China’s Sichuan Province (See IJ web site https://www.insurancejournal.com/news/international/2008/05/12/89907.htm and following articles). AIG also announced that …
May 19, 2008
The largest satellite “launch insurance package ever placed has been completed by broker Willis Inspace, with a Lloyd’s underwriter leading the risk,” for Europe’s Eutelsat, the world’s third largest satellite operator, notes an article on the Lloyd’s web site (www.lloyds.com). …
May 19, 2008
European Union Trade Commissioner Peter Mandelson said on Monday he saw the makings of an international trade agreement in new proposals drafted by the World Trade Organization. The WTO is expected to issue negotiating texts early this week in readiness …
May 19, 2008
Australia’s QBE Insurance Group tabled a new offer late Friday to take over the Insurance Australia Group (IAG). The “increased final proposal” offers IAG share holders 0.145 QBE shares and 90 cents cash for each IAG share, “which,” QBE said, …
May 19, 2008
There were 35 workers who died in accidents on the job in Oregon last year, the third-lowest total in state history. The state began tracking workplace deaths in 1943, averaging 81 per year in the 1980s and falling to 55 …
May 19, 2008
Olympia, Wash., and its metropolitan area are the safest places in the nation to live, work or raise a family, according to the fourth annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of Companies. The rankings, …