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

Taxpayers ‘Off the Hook’ for Mishaps at Convention

Taxpayers should be off the hook for any damages stemming from claims of police misconduct related to the Republican National Convention under a first-of-its-kind agreement. The deal required the Republican Party’s host committee to buy insurance covering up to $10 …

People

The Des Plaines, Ill.-based the National Insurance Crime Bureau (NICB) announced that Robert M. “Bear” Bryant retired as NICB president and CEO, on Sept. 2, 2008. At NICB, Bryant was the force behind the creation of Medical Fraud Task Forces …

Hurricane Ike: We’re All Connected

When it was all over, six people were dead, expressways remained flooded in every direction, 1,000 people were evacuated, schools closed and Illinois Gov. Rod Blagoevich had declared seven counties in Illinois as emergency areas. When meteorologists started talking about …

Defending Properties Against Natural Catastrophes

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 …

Illinois Mayor Charged with Insurance Fraud Steps Down

Niles, Ill.’s long-time mayor, Nicholas Blase, is stepping down after 47 years. In a statement on the village Web site, Blase, 80, said his retirement was effective Sept. 1. The Village Board is expected to appoint an acting mayor. In …

Indian Tribe Helps Indiana County Install Flood Sirens

Carroll County, Ind., obtained a grant to install flood warning sirens along the Tippecanoe River, with the help of an American Indian tribe that applied to the federal government for the grant. County Emergency Management Director Dave McDowell says the …

Declarations

Whistleblower Retaliation “He was only looking out for the interest of his employees of the state treasurer’s office. … He refused to do something that was illegal.” —Kathleen Neary in Lancaster County District Court comments on a controversial case of …

Jungle Love

With such events as wildfires, the subprime mortgage fallout, and mergers and acquisitions, the corporate world can at times seem like a jungle. No one knows that better than author Gert Cruywagen, whose book, “Jungle Risk Management,” details the risk …

Ike’s Wrath Hits Midwest; 1,000 Homeowners Evacuated, Roads Closed

Illinois Governor Declares State of Emergency Midwest residents felt the wrath of Hurricane Ike on September 13 and 14 as rains made their way up the middle corridor of the country pelting Illinois and Indiana, spurring Illinois’ governor to call …

Declarations

Limited Options “In our view, AIG’s options are limited.” —Atlantic Equities analyst Alan Devlin, citing the giant insurer American International Group’s deteriorating stock price, and a more than tripling in AIG credit spreads since May. Fake Insurance Is a Real …