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

Fire Causes $1M in Damage to Delaware Barn

Fire investigators say a piece of farm equipment sparked a fire in Middletown, Delaware that destroyed a barn and caused about $1 million in damage. The fire broke out Monday afternoon in the 1000 block of Jamison Corner Road. Workers …

Officials Review Crane Mishap at Nevada CityCenter Project

Safety and construction officials are investigating what caused a crane to buckle and malfunction at MGM Mirage’s CityCenter resort work site in Las Vegas. The unstable 180-foot crane shut down traffic on the Las Vegas Strip for more than an …

Surety Bond Industry about to be Automated in a Flash

The surety bond industry, a subset of the insurance industry, is about to take a big step towards automation. Since its creation, suretyship has been extremely paper intensive, but a newly established technology oriented surety organization is looking to change …

U. S. Department of Agriculture Mulls Over Options on Midwest Flood Aid

The U.S. Agriculture Department (USDA) will look “at everything possible” to aid Midwest farmers hurt by the worst flooding in more than 15 years, Agriculture Secretary Ed Schafer said Wednesday (June 18). President George W. Bush was scheduled to visit …

The Hartford, Whalen Insurance Offer Brew Pub Program

With a history dating back to the Colonial Era, America’s craft brewers and brewpubs have earned an iconic position as one of the nation’s quintessential – and earliest – categories of independent business. Now, through a new partnership The Hartford …

Wisconsin Man Receives 5-year Sentence in DUI Crash that Killed Son

A 56-year-old West Bend, Wis. man will serve five years in prison for drunk driving and causing the death of his 9-year-old son. John B. Ibeme will also serve seven years of extended supervision and two years of probation following …

Trade Group Names Senior Vice President, Policy Development

The Property Casualty Insurers Association of America (PCI) announced today that Robert Gordon will serve as the organization’s senior vice president of policy development and research. David A. Sampson, president and CEO of PCI said that, “As we address the …

AIG Ex-CEO Severance Seen As High As $68M

American International Group Inc’s former chief executive, Martin Sullivan, who stepped down on Sunday amid large subprime losses, could receive up to $68 million in severance pay and benefits, according to an estimate compiled by an outside research firm. Corporate …

S&P: Pros And Cons of a U.S. Federal Natural Catastrophe Backstop

Because of a natural catastrophe’s high cost to society, some believe that the U.S. federal government should provide a program to backstop losses for natural catastrophes, said an article published by Standard & Poor’s Ratings Services. In the current market, …

Muesse Named ACSR of the Year by Texas Independent Agents Group

Kimberly Muesse, a senior account manager with the Lockton Companies in Katy, Texas, won the Independent Insurance Agents of Texas Accredited Customer Service Representative of the Year award at the trade association’s 111th Annual Conference & Trade Show. “To say …