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

Stuart Joins Risk Management Team at Roach Howard Smith & Barton

Helen Stuart has joined Dallas-based Roach Howard Smith & Barton (RHSB), an independent brokerage firm with offices in Dallas and Fort Worth, as a senior account manager in its Risk Management division. With a professional background that includes more than …

State’s Building Code Helps Minimize Losses from California Earthquake

The moderate earthquake that struck Los Angeles late Tuesday (July 29) morning at 11:42am PDT has not caused major damage or serious injury, according to early eyewitness reports and the Los Angeles Fire Department. Based on the latest available information …

Delos Insurance Chairman to Step Down at End of Month

Detlef Steiner, executive chairman of New York-based insurer Delos Insurance Group, will retire at the end of this month, the company said. Steiner has been with Delos Insurance Group since its founding. “Dr. Steiner has been a part of our …

Californians Told to Expect Aftershocks Following Earthquake

Federal officials said they will continue to monitor and coordinate with California agencies regarding Tuesday’s 5.4 magnitude earthquake that struck just south of downtown Los Angeles. The Federal Emergency Management Agency (FEMA) also urged residents to be prepared for more …

Tennessee Utility, College Get Federal Relief for Tornado Damage

The federal government approved $5.7 million in disaster assistance funding for two Tennessee institutions that suffered tornado damage, Gov. Phil Bredesen said. These grants are part of the federal Public Assistance program administered by FEMA for declared federal disasters in …

N.J. Insurance Committee Chair Resigns amid Child Porn Allegations

Neil M. Cohen, chairman the New Jersey Assembly’s key committee overseeing insurance issues, resigned Monday amid reports that he’s under investigation for suspected possession of child pornography. The clerk of the Assembly received a one-sentence letter from Cohen just before …

Georgia Insurer Sends Personal Info to Wrong Addresses

The largest health insurer in Georgia has sent letters containing personal information to the wrong addresses, exposing more than 200,000 Georgians to possible identity theft. The Atlanta Journal-Constitution is reporting that the letters were sent last week by Blue Cross …

Missouri Court Upholds $16 Million Bad Faith Award Against Allstate

Allstate Insurance Co. has lost its appeal of a $16 million judgment against it for not settling a claim for the $50,000 limit on an auto insurance policy. The Missouri Court of Appeals this week upheld an award of more …

Convicted Mississippi Lawyer Scruggs wants Testimony Sealed

Convicted Mississippi attorney Richard “Dickie” Scruggs and his son want to prevent their sworn testimony in a Hurricane Katrina lawsuit from becoming public and “undermining the presumption of innocence” if they face criminal charges in the future. Scruggs and his …

Senate Banking Committee Urged to Back Federal Insurance Regulation

The U.S. regulatory structure for the insurance industry puts companies at a disadvantage overseas and stifles innovation and competition for consumers, the industry told U.S. lawmakers Tuesday. At a Senate Banking Committee hearing to consider creating an optional federal charter …