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

Scruggs Gets 5 Years

A high-profile Mississippi lawyer was sentenced to five years after pleading guilty to conspiring to bribe a judge. Richard “Dickie” Scruggs made millions through landmark lawsuits against tobacco, pharmaceutical and construction companies. He also sued insurance companies after Hurricane Katrina …

Study Shows Ohio Car Thieves Target Older Model Vehicles

A new study shows Ohio car thieves favor older, American-made vehicles over newer models, echoing a nationwide trend. The 1994 versions of the Dodge Caravan, Oldsmobile Cutlass and Buick Century led a list of the state’s most frequently stolen vehicles …

NATIONAL COVERAGE

S&P Says Nationals Safe, While Midwest-Focused Insurers at Risk N2 | Washington Report House Subcommittee Moves Key Federal Insurance Regulation Bills N4 | Home Insurers Bitten by $350 Million in Dog Claims Average Liability Claim Tops $24,000 N6 | Conning: …

Obtaining Optimal Catastrophe Coverage

The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking solutions that will help them …

Tornado Threats Loom Large as Flood Waters Recede

Kansas had 1,616 tornadoes, 11 of them were F4 tornadoes and nine were categorized as F5. … The number of tornadoes reported has gone up over 50 percent. Much has been written in the last six weeks about the 2008 …

How to Become the Local Employer of Choice

About two-thirds of companies do no planning for workforce issues at all. Quickly rising and about to strike, the tidal wave of demographic pressure in the U.S. is a formidable threat to the health of American business. Employers are already …

State Ranking In Number of Events

F5 Tornado damage in Parkersburg, Iowa, May 25, 2008. Tornado damage, Windsor, Colo. Prior to 1990, the average number of tornadoes per year in the Continental US was 772. In the period from 1990 through 2007, the average was 1,215. …

Business Moves

Chicago’s Specialty Underwriters, Hallmark Financial Chicago-based Specialty Underwriters’ Alliance Inc. (SUAI) announced it has responded to a letter, dated July 1, 2008, from Hallmark Financial Services Inc. (Hallmark) in which Hallmark stated that it was reaffirming its conditional proposal to …

Watchdog Survey Targets Insurers

Declarations “While Allstate publicly touts its ‘good hands’ approach, it has instead privately instructed its agents to employ a ‘boxing gloves’ strategy against its policyholders.” – Washington, D.C.-based American Association for Justice CEO Jon Haber comments on his organization’s ranking …

Figures

$100,000 Many property owners suffered large losses in the June 2008 flooding event in southern Wisconsin. But few lost a fleet. James Pritzlaff’s collection of classic cars is still under about four feet of water that overflowed from Lower Genesee …