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

Woman Falls Down Atlantic City Casino Elevator Shaft

A woman in a motorized wheelchair fell about 30 feet down a casino hotel elevator shaft early Saturday, a city fire official said. It took firefighters about 45 minutes to rescue the woman, who was conscious as she was taken …

Crane Industry Groups Push for National Standards

In the wake of three construction crane accidents in the past three months that claimed 11 lives, industry groups on Thursday called for nationwide safety standards. An industry council agreed on a set of standards in July 2004 and recommended …

Aviva to Reorganize Norwich Union; Up to 1,800 Jobs Targeted

Aviva PLC, the UK’s largest Insurance group, announced plans on Friday, June 6, to slash up to 1,800 jobs at Norwich Union, its UK general insurance business, by the end of 2010 as part of a structural overhaul. Aviva said …

Lloyd’s Analyzes Impact on Insurance of World Food Price Hikes

The rise in world food prices carries implications for both rich and poor countries – the latter will more fully feel the impact, as well as the insurance industry. The recent conference in Rome, organized by the UN’s Food and …

Willis Buying HRH for $2.1 Billion; Conference Call Today

Willis Group Holdings Ltd. announced that the company has agreed to buy Virginia-based rival Hilb Rogal & Hobbs Co., according to a statement late on Sunday. Willis said the $2.1 billion deal would double its “North American revenues and strengthen …

Hispanic Workers Have Higher Risk of Death on the Job

The death rate for Hispanic workers is consistently higher than the rate for other U.S. workers, with nearly 35 percent of those deaths occurring in the construction industry, according to a report by the Centers for Disease Control and Prevention. …

Montana High Court Rejects Compensation Board’s Lawsuits

The Montana Supreme Court has upheld a lower court’s rulings against the state Petroleum Tank Release Compensation Board. The board had sued four insurance companies for compensation for more than $2 million in payments it made to cover the cleanup …

Survey: Hundreds Underinsured in Last Year’s California Wildfires

Hundreds of people who lost homes in last year’s wildfires did not have enough insurance to cover their rebuilding costs, according to a survey sponsored by United Policyholders, a San Francisco consumer organization. The survey asked 274 people about the …

Storms Cause Flooding in Indiana, Damage in Wisconsin and Illinois

The death toll now stands at eight in the Midwest as tornadoes, severe thunder storms and flooding hit Indiana, Illinois and Wisconsin over the last five days. The forecast for all three states call for more of the same. Storms …

Nebraska High Court Rules Against Florida in 10 Year Old Case

A multimillion-dollar insurance dispute that’s a decade old received new life on its third trip to the Nebraska Supreme Court because the court ordered a new trial on June 6. Consequently, the state of Florida won’t be able to collect …