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

Best Affirms, Withdraws Groupama Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of France’s Groupama S.A. Best also affirmed the FSR of ‘A’ (Excellent) and ICR of “a” of Groupama Vie and …

Abram Interstate Offers a New Market for Electricians

Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering a new program for electricians. Custom tailored coverage for residential and commercial projects is available. ACORD 125, 126, and a contractor’s supplement are required for a quotation. Occurrence form is …

Trans Cal Unveils New Artisan Contractor Program

Trans Cal Associates has unveiled a new program from an “A-” rated, admitted carrier offering general liability for various classes of artisan contractors. Minimum premium starts at $1,000 for a traditional occurrence form policy. Limits up $1 million/$2 million are …

Torrential Rains Hit Missouri Causing Flash Floods

The remnants of Hurricane Ike brought heavy winds and torrential rains to Missouri on September 15, causing flash floods and raising new concerns about swelling rivers, including parts of the Mississippi and the Missouri. Some sections of the state got …

Ike Fallout: Harsh Winds Buffet much of Kentucky

Harsh winds caused by remnants of Hurricane Ike knocked down trees and snapped power lines, wreaking damage across Kentucky on Sunday. Gov. Steve Beshear declared a state of Emergency for Kentucky late on Sept. 14. “With this state of emergency …

Commissioner Rod Bordelon will present a Keynote Address at The Texas Workers’ Comp Forum

Dallas, TX, September 16, 2008 – Council on Education in Management (Council) announced that Division of Workers’ Compensation Commissioner Rod Bordelon will present a Keynote Address at the upcoming Texas Workers’ Comp Forum, October 1-3, 2008, taking place at the …

1 Dead in Ark. After Ike, More than 200K Lose Power

The remnants of Hurricane Ike knocked out power to more than 200,000 customers in Arkansas and killed one person as storm bands passed through Saturday night and Sunday morning. The damage spanned a wide area across the state, including a …

Nearly 2,000 Brought to Safety in Texas

Rescuers searching the waterlogged streets and splintered houses left behind by Hurricane Ike in Galveston they had saved nearly 2,000 people – many of whom then boarded buses to shelters without knowing where they were going or when they could …

AIG Employees on Edge as Once-Safe Company in Turmoil

Disbelief and anxiety were written on the faces of staff at American International Group Inc. as they grappled with the idea that their company, which was once the largest insurer in the world and one of the safest places to …

AIG Gets New York Governor’s Help in Accessing $20 Billion

Embattled insurer American International Group Inc. received New York state approval to post $20 billion of policyholders’ assets as collateral as it seeks to stave off a liquidity crisis and works with banks to fix its problems. Under the plan, …