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

South Carolina Insurance Department to hold Coastal Insurance Session

Director Scott Richardson and staff from the South Carolina Department of Insurance will meet with Charleston area residents to discuss coastal insurance issues on June 12 to discuss the status of the state’s coastal insurance market place. The public meeting …

Insurance Experts Headed to California Summit Fire Disaster Areas

California Insurance Commissioner Steve Poizner deployed Department of Insurance consumer information experts to assist Santa Cruz’s Summit Fire survivors on the road to recovery. Gov. Arnold Schwarzenegger announced the creation of a Disaster Assistance Centers in Corralitos. Poizner sent his …

Ratings: Willis, Erie, Farmers-Flemington, Am. Resources, Am. General, Stnd. Mutual, Wisconsin County

Fitch Ratings has placed its ratings on Willis North America Inc. (WNA) and Willis Group Holdings Ltd. (Willis) on its rating watch negative list. Fitch said its rating action follows the announcement that Willis has agreed to purchase all outstanding …

Mississippi Fire Marshal Warns of Potential Explosive Fire Hazard

People planning summer cookouts need to be aware of a dangerous and potentially explosive threat to public safety, State Fire Marshal and Insurance Commissioner Mike Chaney warned today. According to information from the National Propane Gas Association, propane cylinders commonly …

Analysts: Insurers Equipped to Weather Subprime Mortgage Crisis

Insurers continue to emerge from the credit crisis with strength and are among the least impacted of all financial institutions, according to a senior ratings agency official speaking at the Casualty Actuarial Society’s annual Seminar on Reinsurance. Jeffrey Berg, senior …

Wall Collapse Leads to Manslaughter Charge for New York Contractor

A New York construction contractor has been indicted on a manslaughter charge in connection with a Brooklyn wall collapse that killed a worker in March. The Brooklyn district attorney says the contractor, William Lattarulo of Malverne, Long Island, owned both …

New Jersey Man Who Caused Crash Afraid Mom Would Know He Drank

Police have heard many excuses from suspected drunk drivers over the years. But police in Lakehurst, New Jersey say what they heard from a Toms River man is one for the books: He told them he was driving around until …

U.S. Risk Promotes Schwartz, Hobbs

Dallas-based U.S. Risk Insurance Group Inc. named Richard T. Schwartz as general counsel of U.S. Risk Insurance Group Inc., and J. Brian Hobbs as president of Professional Claims Managers Inc., a wholly owned subsidiary of U.S. Risk and the company’s …

Custody Suit Targets Insurance Money for Rapper’s Burned-Down House

A New York judge has ordered rapper 50 Cent to hold on to the property where a $2.4 million house at the center of a bitter dispute with his ex-girlfriend burned to the ground last month. State Supreme Court Justice …

Western National Names Smith Chief Financial Officer, Promotes Christy

Western National Insurance Group Announces Officer Promotions The Board of Directors meeting of Western National Mutual Insurance Company met on June 10 and promoted Leon Smith to chief financial officer and Kevin J. Christy, vice president – chief actuary. Smith …