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

Liberty Northwest Returns More Than $3.7 Million To Oregon Restaurateurs

Portland, Ore.-based Liberty Northwest, a Liberty Mutual Agency Markets regional company, announced strong return results for its Liberty Northwest/Oregon Restaurant Association (LNW/ORA) workers’ compensation insurance program. Member restaurants will share a retrospective rating adjustment for the policy year ending Jan. …

Fitch: P/C Profits Decline Sharply in First-Half 2008

The U.S. property/casualty insurance industry reported mixed results in the first six months of 2008, according to a new Fitch report. Profitability declined due to poor investment performance and deteriorating accident-year underwriting results, which were partially offset by favorable prior …

ISU Group Introduces ISU Financial Services

San Francisco-based The ISU Group, has expanded its product and service offering with the creation of a new subsidiary called ISU Financial Services. ISU Financial Services Inc. provides a comprehensive health savings account management and administration solution. The ISU HSA …

Soft Market Exposes Value of Risk Control for Golf Insurers

For the golf industry, 2008 business is at best a bogey — probably worse. And for the agents, carriers and program managers who cater to the golf and country club world, that’s made for a rough market, lately. Three key …

Jury Awards $5 Million to Victim in Sex Abuse Case in Southern Illinois

A jury awarded $5 million to James Wisniewski, a former altar boy on Wednesday, August 27, in a widely watched sexual abuse trial. Rev. Raymond Kownacki was convicted of sexually abusing Wisniewski and other youths and top officials of the …

Michigan Agency Recovers $4 Million in First Half of 2008

The Michigan Office of Financial and Insurance Regulation (OFIR) recently announced that it had recovered over $4.3 million on behalf of Michigan consumers in the 1st and 2nd quarters of 2008. $3.6 million of the recoveries involved insurance and securities …

New Jersey Forest Fire Still Burning

Firefighters have been able to keep a southern New Jersey forest fire from spreading, though they have not been able to contain it entirely or put it out. The fire in a remote section of the Wharton State Forest in …

Pennsylvania Jury Gives $2.2M to Estate of DUI Crash Victim

A jury has awarded more than $2 million to the survivors of a central Pennsylvania man killed by a drunken driver four years ago. But a lawyer for Jack Hynen’s estate says he doubts the award will ever be collected. …

Arson Suspected in Dorm Fire at Miami University in Ohio

Officials at Miami University are investigating two fires they say were deliberately set in a dormitory on the Oxford campus. University police say the fires were discovered early Tuesday, August 26 in basement kitchenettes in Hepburn Hall. A fire alarm …

Dolly Disaster Assistance Tops $24 Million in Texas

More than $24 million has been approved to help people, businesses and infrastructure affected by Hurricane Dolly after the storm hit the Rio Grande Valley last month, several governmental agencies said on Friday, Aug. 22. The Texas Governor’s Division of …