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

Former North Dakota Workers’ Comp Director Wants Trial Moved

A former North Dakota workers’ compensation director is asking a judge to move his criminal trial from Bismarck to Fargo. Sandy Blunt faces two felony charges that accuse him of misspending Workforce Safety and Insurance funds during his time as …

Pennsylvania Insurance Dept to Hold Climate Change Conference

Insurance leaders, policymakers, financial and scientific experts will meet in Harrisburg next week to discuss how climate change will impact many segments of business and industry, Pennsylvania Insurance Commissioner Joel Ario said. “The insurance industry is the first in line …

Ace CEO Says Insurers Wrong to Seek Taypayer Funds

Evan Greenberg, Ace Limited’s CEO, chided insurers asking to take part in a plan that could see government take stakes in ailing financial institutions, saying the motivation is not real need but access to “cheap capital.” “Taxpayers should be a …

Connecticut Insurance Broker to Fill GOP Slot as Honorary Candidate

A Bristol, Connecticut insurance broker says he’s filling in as the Republican candidate in the 76th Assembly District race to honor the original candidate who apparently took his own life last week. David L. Norton says he’s not in the …

Amputee’s Case Asks If FDA Label Immunizes Drug Firms from Liability

When Diana Levine turned 63 recently, her daughter made her birthday card, drawing on Greek mythology with an illustration of Diana the Huntress, her bow string drawn taut, an arrow ready to fly. But the arm pulling at the bowstring …

Connecticut Family Sues Party Hosts in Drunken Driving Death

The family of a 19-year-old who died in a drunken driving accident is suing the hosts of a Madison party where the driver had been given alcohol. The family of Kirsten Meyer, killed in a drunken driving crash after a …

3 Months After Tornado, Some in New Hampshire Still Fighting Red Tape

Three months after a tornado ripped a 50-mile swath through central New Hampshire, some residents still are caught in a swirl of red tape as they fight to rebuild their damaged or destroyed homes and get on with their lives. …

The Hartford’s Q3 Loss Reported at $2.6 Billion

Hartford Financial Services Group Inc. joined other insurers in reporting a loss in the third quarter due to large investment losses and catastrophe claims. The Hartford reported a third quarter 2008 net loss of $2.6 billion. Its net income in …

Exposure to Florida Catastrophe Fund Triggers A.M. Best Review

A.M. Best Co. says based on the credit market contraction and the uncertainty regarding the Florida Hurricane Catastrophe Fund’s ability to fund its claims-paying capacity, it placed several insurers’ ratings under review with negative implications. The rating actions are a …

Climate-warming Methane Levels Rose Fast in 2007

Levels of climate-warming methane — a greenhouse gas 25 times as potent as carbon dioxide — rose abruptly in Earth’s atmosphere last year, and scientists who reported the change don’t know why it occurred. Methane, the primary component of natural …