Monthly Archives: <span>February 2009</span>

The Hartford Sues Virginia Firm to Limit Salmonella Claims

The Hartford has filed a lawsuit to determine whether it must pay claims filed by victims of a nationwide salmonella outbreak traced to the Virginia peanut butter maker it insures. Hartford, Conn.-based Hartford Casualty Insurance Co. filed suit Tuesday against …

Treasury to Approve TARP Bailout Funds for Life Insurance Companies

Insurance companies that applied for capital injections from the government’s $700 billion financial bailout fund could get approval as soon as Monday, two sources familiar with the matter said Saturday. Some insurance companies recently received approval to acquire banks, paving …

FBI Involved in Probe of Nebraska’s Grand Island Insurance Agency

The FBI is involved in the investigation of a Grand Island insurance agency suspected in a Ponzi scheme. An FBI investigator, accompanied by a Nebraska state trooper, visited First Americans Insurance Service on Friday. Last month, the Nebraska attorney general …

Scruggs to Appear in Court Next Week

Disbarred attorney Richard “Dickie” Scruggs, who is serving a five-year prison sentence in a high profile judicial bribery conspiracy, is scheduled to appear in federal court in Mississippi Tuesday. Scruggs was one of the most powerful civil attorneys in the …

Michigan Governor Expected to Veto Senate Bill Halting Ergonomics Rule

A divided Michigan Senate has voted to stop Gov. Jennifer Granholm’s administration from instituting mandatory workplace ergonomics rules in the state. But the 20-16 vote is unlikely to change much. The Democratic governor vetoed similar GOP-backed legislation in 2006. The …

Parents of Iowa Teen Killed in Crash Sue Insurer for Underinsured Benefits

The parents of an Iowa teenager killed 10 years ago in a van crash in southern Wisconsin have filed a lawsuit seeking damages for their son’s death. Albert and Deanna Roberts of DeWitt, Iowa, filed the lawsuit against Iowa Mutual …

Michigan Governor Opposes Hike in State’s Auto Catastrophic Claim Fee

Gov. Jennifer Granholm doesn’t want Michigan motorists to pay any more than they are now to support seriously injured accident victims. The governor asked the Michigan Catastrophic Claims Association to not increase its annual assessment above the current level of …

Swiss Re Claims Exec Huff Named Missouri Insurance Commissioner

Gov. Jay Nixon has picked a Swiss Re insurance claims executive to lead the Missouri insurance department. John Huff, a Missouri native, has worked since July 2008 at the Zurich headquarters of Swiss Re, one of the world’s larger reinsurance …

Iowa Insurer Lays Off 60 Employees

A Des Moines-based insurance company has announced it will eliminate 60 jobs as part of the company’s business plan. Officials with American Enterprise Group Inc. said that 51 of the layoffs will come from Des Moines and nine will come …

AXIS to Release Q4, FY Earnings Today; Conference Call Details

Bermuda-based AXIS Capital Holdings Limited expects to release financial results for the fourth quarter and year ended December 31, 2008, today, Monday, February 9, 2009, after the close of the financial markets. John Charman, CEO and President, and David Greenfield, …