August 20, 2008
Allstate has launched Allstate Blue in Texas, an insurance product aimed at uninsured drivers. The company said Allstate Blue is its seventh statewide product launch in 11 months. It has been estimated that as many as one quarter of drivers …
August 20, 2008
The state of Rhode Island and the town of West Warwick have each agreed to pay $10 million to those left behind after a nightclub fire that killed 100 people, according to court documents filed Monday. The latest settlement offers …
August 20, 2008
With just three weeks until Democrats choose their nominee for insurance commissioner, one of the three candidates vying for the nomination has formally launched her campaign. Karen Weldin Stewart made her campaign announcement in all three counties on Monday, though …
August 20, 2008
A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of Swiss Re Life & Health Limited and Swiss Reinsurance Company UK Limited (both UK-based). Best also withdrew the FSR …
August 20, 2008
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Bermuda-based insurer International General Insurance Co. Ltd. (IGI) to ‘BBB+’ from ‘BBB’ and assigned them a stable outlook. S&P said the upgrade reflects …
August 20, 2008
Taiwan has issued a warning for ships traveling through its southern waters Tuesday as Typhoon Nuri approached the island. Nuri’s center was located about 466 miles (740 kilometers) southeast of Taiwan’s southern tip as of 11:30 a.m. local time (0330 …
August 20, 2008
Somali pirates hijacked a Thai cargo ship with 28 crew members onboard, the International Maritime Bureau said Friday. Pirates attacked the Thor Star on Tuesday, senior analyst Cyrus Mody said, in the latest of a string of attacks in lawless …
August 20, 2008
Eighteen hospitals in California were fined for state health code violations, including leaving surgical instruments inside patients and causing the death of one patient by improperly inserting an intravenous catheter. The fines follow investigations from the California Department of Public …
August 20, 2008
More than 250 residents and tourists have evacuated an American Indian village in a remote, scenic offshoot of the Grand Canyon after weekend flooding that wrecked trails and nearly washed away some river rafters in the rugged gorge. Helicopters on …
August 20, 2008
The New Mexico Supreme Court has ruled that contractual prohibitions on class actions for small consumer claims violates public policy and is therefore unenforceable. According to Robert Fiser, individually and as a representative of a class of persons within the …