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

Iowa Bridge Inspectors Look for Damage as Flood Waters Recede

The floodwaters that have surged across much of Iowa this month have inspectors looking for damage to the state’s already troubled bridge network. The flooding concerns come after a study earlier this year ranked Iowa bridges fourth worst in the …

Oracle to Buy Another Insurance Software Maker: Skywire

California-based software giant Oracle is further expanding its stake in the insurance industry by agreeing to acquire the insurance software and document management business of Skywire Software. Skywire Software’s insurance software helps insurers manage the life cycle of an insurance …

Conroy Joins Acadia

Westbrook, Maine-based Acadia Insurance Co. has named Colleen Conroy vice president of marketing. Conroy has been tasked with refining Acadia’s marketing efforts in the state’s the company operates. Most recently, Conroy served as vice president for global business operations at …

Ratings: Argonaut, MAPFRE (Fla.), Pekin, Penn National, AXA Art, Tennessee Farmers, ALPS, BancInsure

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Texas-based Argonaut Insurance Group and its members. Best also affirmed the FSRs of ‘A’ (Excellent) and ICRs of …

Port of New Orleans Braces for Storm Season with Satellite Office

The Port of New Orleans has set up a “satellite” office and taken steps in case another storm strikes the southern Louisiana coast during the 2008 hurricane season, an official said Friday. “We’ve tightened up on our disaster recovery plan, …

Levees Hold Back Cresting Mississippi River; Aid Requests Mount

Walls and levees held back the cresting Mississippi River Sunday as requests for government aid poured in from homeowners and businesses swamped by the worst Midwest flooding in 15 years. Across from St. Louis, where the river remained near the …

Nursing Homes Battle to Retain Mandatory Arbitration Clauses

U.S. nursing homes are pushing against an effort in Congress to invalidate arbitration clauses in admissions contracts, a change that would make it easier for residents to sue for shoddy care or wrongdoing. A spokeswoman for the industry, which includes …

Vermont Diocese with $8.7M Abuse Verdict Can’t Find Insurance Policy

Many Roman Catholics believe that the worst of the clergy sex abuse scandal is over. But in the Diocese of Burlington, it’s deepening. The case of one cleric, assigned to Vermont parishes in the 1970s despite warnings from an Indiana …

Embattled Vermont Hotel Lacked Workers’ Compensation Insurance

The Cortina Inn in Killington, Vermont, which closed two months ago after being linked to Legionnaires’ disease, has filed for bankruptcy. But a bankruptcy court judge in Connecticut dismissed the inn’s case after learning the hotel had failed to maintain …

Reed Enters Race for Delaware Insurance Commissioner

Democrat Gene Reed has formally entered the race for state insurance commissioner. Reed is a longtime employee of the insurance department and currently serves as the manager of insurance consumer protection enforcement. He’ll challenge two other Democrats in a September …