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

Build Smart With Passive Protection Systems, Safety Institute CEO Says

To hear Julie Rochman tell it, she’d like every community in the United States to be resilient in the face of natural disasters. Rochman, president and CEO of the Institute for Business & Home Safety (IBHS) and former head of …

AIG Webcast: Investor Update, Oct. 3

American International Group Inc. (AIG) Chairman and CEO Edward M. Liddy will host a conference call for the investment community on Friday, Oct. 3, 2008 at 8:30 a.m. EDT to provide an update on AIG’s future direction. The audio webcast …

Medical Malpractice Insurer Lowers Mass. Rates 2.7%

CMIC, a doctor-owned medical malpractice insurer, announced a 2.7 percent overall rate reduction in its claims made rates for Massachusetts doctors effective Oct. 1, 2008. Denise Funk, CEO of CMIC, credited the continued stabilization in the market and said some …

Three-Wheeler Vehicles Get Okay on Ohio Streets

Three-wheeled vehicles are now street legal in Ohio. A new law that took effect on September 23 and allows fuel-efficient three-wheelers such as the Zap Xebra (ZEE’-bruh) and the Myers Motors NmG to be registered and titled as motorcycles in …

Massachusetts Woman Sentenced for Workers’ Comp Evasion Scheme

A Dartmouth woman has been sentenced to 6 1/2 years in federal prison for paying more than $40 million in cash wages through the temporary employment agencies she ran with her husband in order to evade millions of dollars in …

California Bans Texting While Driving

California Gov. Arnold Schwarzenegger reinforced his commitment to keeping California’s roads safe by signing legislation that prohibits drivers from using text messaging devices while operating a motor vehicle. “I am happy to sign this bill because it further encourages safe …

New Hampshire Insurance Chief Works to Reassure AIG Customers

New Hampshire’s insurance commissioner is working to reassure residents who are insured by AIG, one of the firms being bailed out by the government. Roger Sevigny says AIG’s insurance companies are financially sound, with more in assets than they need …

Texas Workers’ Comp Discount, Interest Rate Set for Q4 2008

The Texas Department of Insurance, Division of Workers’ Compensation has set at 5.22 percent the interest and discount rates provided for in the Texas Workers’ Compensation Act. The new rate is effective Oct. 1, 2008, through Dec. 31, 2008. Source: …

Travelers Offers Enhancements for Boat Repairers Policy

Specialty boat repairers involved in woodworking, deck and hull repair, engine maintenance, canvas and sail repair and many other marine services face the challenge of obtaining affordable insurance that addresses both their marine and non-marine exposures in a seamless fashion. …

Apex Global Partners Acquires Austin’s Global Benefit Solutions

Apex Global Partners announced it has acquired Austin, Texas-based employee benefits broker and human resources consultant, Global Benefit Solutions. Global Benefit Solutions provides health and welfare insurance brokerage and consulting, as well as retirement planning, executive compensation, and human resources …