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

Allstate Targets Texas’ Uninsured Drivers

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 …

Rhode Island, Town Reach $20M Deal in Club Fire Suits

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 …

Democrat Stewart Launches Campaign for Delaware Insurance Post

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 …

Best Withdraws Some Ratings on Swiss Re Subs after Domicile Transfer

A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of Swiss Re Life & Health Limited and Swiss Reinsurance Company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 …

S&P Raises International General Insurance Ratings to ‘BBB+’

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 …

Taiwan Issues Warning for Typhoon Nuri

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 …

Somali Pirates Hijack Thai Cargo Ship with 28 Crew

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 …

California Fines 18 Hospitals for Care Problems

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 …

Hundreds Flee Village in Arizona Canyon Hit by Flood

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 …

New Mexico Court: Class Actions Can’t Be Barred in Small Claims

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 …