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

Iowa Governor Threatens Special Session Unless $85 Million Released

Iowa Gov. Chet Culver on on September 5 demanded that federal officials release $85 million in disaster assistance within the next 10 days, or he’ll summon the Legislature back into a special session to find money to help victims of …

Florida Closes Last Hurricane Gustav Shelter

The last American Red Cross shelter in Florida for Hurricane Gustav evacuees closed Sept. 6. As Hurricane Ike moves in from the west, Florida evacuees from Hurricane Gustav are finally able to return home. Craig Fugate, director of the Florida …

High Rip Current Risk Precedes Ike on Florida’s Atlantic Beaches

The National Hurricane Center posted a hurricane watch Sept. 7 for the Florida Keys in advance of Hurricane Ike. By Sunday afternoon, all Keys residents and visitors were under a mandatory evacuation order. Florida emergency officials urged residents to heed …

Brooklyn Man Charged with $130K Workers’ Comp Fraud

A 60-year-old Brooklyn man who maintained that a workplace injury left him unable to stand, walk or drive has been arrested on charges that he fraudulently claimed $130,000 in lost wage benefits and medical expenses. Lev Gurariy was arrested Aug. …

In New Jersey, Hanna Causes Flooding, Power Outages

Tropical Storm Hanna brought heavy rains and high winds to New Jersey on Saturday, but no major weather-related problems were reported as the fast-moving storm made its way along the coast Saturday night. Forecasters said the massive system contained wind …

Hanna Brings Flooding, Flight Delays to New York City

Tropical Storm Hanna dropped a month’s worth of rain within hours Saturday, flooding highways, delaying flights and halting the U.S. Open Tennis tournament. But officials reported no major damage. The storm dropped three or more inches of rain on parts …

Hanna Causes Only Minor Problems in Connecticut

Connecticut is cleaning up after Tropical Storm Hanna blew quickly through the state. Less than 9,000 customers of Connecticut Light and Power were without power Sunday morning. United Illuminating says only a few dozen customers didn’t have power. Hanna dumped …

S&P Report Says U.K. Auto Insurers Use of Prior-Year Reserves ‘Unsustainable’

Standard & Poor’s Ratings Services has issued an analysis of the U.K. motor insurance industry’s reported results, which concludes that “healthy reported numbers continue to hide high releases from prior-year reserves.” “The stable performance indicated by the headline results, as …

Lockton Granted China License

The China Insurance Regulatory Commission (CIRC) has granted Lockton a Wholly-Owned Foreign Enterprise (WOFE) insurance broking license to operate in the country. Lockton said the new license underscores its “plans to accelerate the introduction of international best practice standards and …

CCRIF Named Re/Insurance Initiative of the Year

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been honored as the “Re/Insurance Initiative of the Year” at the 2008 Review Worldwide Reinsurance Awards. It’s the first such recognition for the 16-month old facility. A CCRIF bulletin described the ward …