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

Former Texas Workers’ Comp Commissioner Joins Thompson Coe

Albert Betts, who recently resigned from his post as Commissioner of Workers’ Compensation at the Texas Department of Insurance, is joining Thompson Coe Cousins & Irons LLP as a partner in the Insurance Law and Governmental and Legislative Advocacy Sections. …

Louisiana Citizens’ Hurricane Claims at 41K, Number Expected to Rise

More than 41,000 property damage claims have poured into Louisiana Citizens Property Insurance Corp. since Hurricanes Gustav and Ike, but the company’s CEO said Sept. 18 it can handle the claims without raising fees on policyholders. John Wortman said the …

Report: Many Ohio Fire Departments Lag in Response Time

A newspaper investigation finds that few fire departments in fast-growing central Ohio are meeting the national standard for response time to fires. The Columbus Dispatch reports that of 84 departments in the central Ohio region, 49 make it to building …

Former West Virginia Doctor’s License Revoked in Home State

The former West Virginia doctor at the center of scores of malpractice lawsuits in Putnam County can no longer practice medicine in his native state. The Alabama Medical Licensure Commission revoked John King’s license following complaints from several former patients …

South Carolina Emergency Officials Release Earthquake Guide

State emergency officials want South Carolina residents to be prepared in case a big earthquake hits the state. The state’s Emergency Management Division says the state’s first earthquake guide will be released in several coastal South Carolina newspapers. The guide …

Surety One Rolls Out Embezzlement Protection for Cafe Owners

Raleigh, North Carolina-based Surety One, a member of The Poindexter Group of Companies, announced the national roll-out of its specialty fidelity bond product for coffee/teahouse and cafe owners. Available in $5,000 to $50,000 coverages, Surety One’s specialty coffee business fidelity …

Goldman, Morgan Stanley Convert; AIG CEO Forfeits $22M Severance

Goldman Sachs and Morgan Stanley sought shelter with the Federal Reserve to survive a financial storm that destroyed their rivals as Wall Street braced for a week of political wrangling over a proposed $700 billion bailout for troubled banks. Morgan …

Venture Programs Names DeMarco Preferred Club Executive VP

National insurance program administrator Venture Insurance Programs has named Michael DeMarco as executive vice president for the Preferred Club Program. He will be responsible for the overall success of the insurance program for golf and country clubs nationwide. Prior to …

UK’s Chartered Insurance Institute to Warn Pols of Need for More Skills

The UK’s Chartered Insurance Institute announced that it will “highlight, at both the Labour and Conservative party conferences, the stark lack of skills in the UK workforce at this crucial time in the economic climate.” The CII said it “believes …

Hannover Re Gustav Losses Around $146 Million

Wilhelm Zeller, Chief Executive Officer of Hannover Re, indicated, in a meeting at the recent Reinsurance Rendezvous in Monte Carlo, that industry wide losses from hurricane “Gustav”, would be in the range of $1.5 to $8 billion. “The total amount …