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

Investigators Test Locomotive Involved in West Virginia Mine Fatality

Government experts are examining a locomotive involved in a fatal accident at a West Virginia coal mine June 5. Office of Miners’ Health, Safety and Training spokeswoman Jama Jarrett says the state is testing the locomotive for electrical or mechanical …

Tennessee Bankruptcy Rate Continues to Lead Nation

Tennessee continues to have the highest personal bankruptcy rate in the nation and experts are predicting even more filings next year because of the slowing economy. According to a report released last week by the Federal Deposit Insurance Corp., the …

Build a Lead Generation Plan that you can be Proud of

Insurance agents that have a steady influx of leads can be rest assured that they will also have a steady flow of sales. Does this sound like the position you are in? If you do not have enough insurance leads …

California Receives $6.3 Million in Workers’ Comp Fraud Case

California Insurance Commissioner Steve Poizner announced Cover All, Inc., a 15-year old flooring and carpet installation company headquartered Chatsworth, pled no contest to one count of insurance fraud in Los Angeles County Superior Court. On June 2, 2006, the corporation …

Earthquake Swarm Picks up Again in Reno

A three-month-long series of earthquakes picked up again Sunday, June 8, 2008, as a string of minor temblors rattled Reno, Nev., causing downtown highrises to sway and knocking items off shelves. There were no immediate reports of injuries or major …

Ratings Roundup: Commerce, So. Carolina Farm Bureau, Employers Re, American Sterling

Fitch Ratings has upgraded its ratings on the Massachusetts-based Commerce Group, Inc. (CGI) and its subsidiaries, and has assigned them a stable outlook: The following ratings are affected: Commerce Group, Inc.: Issuer Default Rating (IDR) to ‘A’ from ‘BBB+’; $300 …

Crane Company: Shifting Earth May Have Caused Wyo. Accident

A top official for the company that owns the crane that collapsed on May 31, 2008, in an accident that injured three workers at a Wyoming coal mine said that it appears the earth shifted under the crane. Lampson International, …

S&P Lowers Willis Ratings to ‘BBB-‘; Outlook Negative

Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Willis Group Holdings Ltd. to ‘BBB-‘ from ‘BBB’ following the recent announcement that it will acquire Richmond, Va.-based insurance broker Hilb Rogal & Hobbs (HRH) for a total …

Insurance Industry Survival Requires Switch From Products to Customers

To survive and prosper in today’s market, you must shift your attention from “products” to “customers” and add “innovation.” That was the main theme during the June 2008 session of the Women’s Network Group. The Women’s Network Group recently held …

West Virginia Gov. Expands State of Emergency in Flood-affected Areas

After touring flood-affected areas in central West Virginia and other parts of the state, and witnessing substantial damage, Gov. Joe Manchin expanded the state of emergency declared June 4, to six additional counties and the surrounding regions. Those additional counties …