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

Oklahoma Agents Group Surveys Legislative Candidates on Issues

As the political season moves into high gear, the Independent Insurance Agents of Oklahoma (IIAO) has released the results of a non-partisan survey of candidates for state legislative offices. The association acknowledged that many candidates did not respond to its …

Homeowners Choice Takes-out 59,500 Florida-backed Citizens Policies

Homeowners Choice Inc., a Florida-based provider of homeowners’ insurance, announced that its wholly-owned insurance subsidiary, Homeowners Choice Property & Casualty Insurance Co. Inc., received the go-head to assume 59,500 policies from Citizens Property Insurance Corp., Florida’s state-sponsored insurance company. The …

North Dakota AG Says Workers’ Comp Board Talk Violated Law

North Dakota Attorney General Wayne Stenehjem says members of a North Dakota workers’ compensation panel broke the law with private discussions about raising their own pay. Stenehjem says an e-mail exchange between two board members about the pay changes should …

Drug Maker Not Liable in Death Caused by User, Maryland Court Rules

The Maryland Court of Appeals has ruled that drug manufacturer Eli Lilly was not liable for a fatal accident caused by a user of one of its diabetes drugs who blacked out while driving and crashed into another vehicle. Ellen …

Missouri Crane Company Fined in Fatal Accident

The crane company involved in a fatal accident at Kansas City Power & Light’s Iatan power plant in Platte County has been fined $14,000 for two serious violations. The Occupational Safety & Health Administration cited Maxim Crane Works, based in …

Wells Fargo Insurance Acquires Herder – Tarricone in New Jersey

Wells Fargo Insurance Services, Inc. reported that it has acquired the assets of Three Bridges, New Jersey’s Herder – Tarricone Associates. Herder – Tarricone Associates provides insurance, employee benefits and financial services products to both businesses and individual customers. Shareholders …

Wholesaler NIF Adds New Market for Property Risks in 14 States

Manhasset, New York-based NIF Property Solutions, a division of NIF Group, Inc., said it will act as the exclusive underwriter of a new product for property risks in 14 East and Gulf Coast states. The product is being offered in …

U.S. Court Upholds Vermont’s $183M Ambassador Insurance Judgment

The U.S. Third Circuit Court of Appeals issued has upheld a judgment of $182.9 million in a malpractice case against the accounting firm PriceWaterhouseCoopers for its dealings with the failed Ambassador Insurance Co. Ambassador Insurance Co. (a Vermont domiciled surplus …

Massachusetts Launches Crackdown on Underage Drinking

State investigators found more than 56 people under the legal drinking age of 21 in possession of alcohol last weekend as part of an ongoing effort to crack down on underage drinking across the state. The Alcoholic Beverages Control Commission …

Ferocious Hurricane Ike in Gulf of Mexico, Headed for Texas

Hurricane Ike gathered strength as it churned through the Gulf of Mexico’s warm waters Thursday on a track that would skirt the heart of the U.S. offshore oil patch before slamming into the Texas coast late Friday or early Saturday. …