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

Lloyd’s Community Program Celebrates 20th Year

Lloyd’s might be better known for its historic insurance market and its iconic modern building, but it also participates in a number of charitable activities in and around London. This year Lloyd’s is celebrating the 20th anniversary of its “Community …

Thai Bank Acquires AIG Bank, Card Business; S&P: ‘No Rating Change’

Thailand’s Bank of Ayudhya Public Company Limited (BAY) and American International Group, Inc. (AIG) announced an agreement under which BAY will acquire AIG Retail Bank Public Company Limited and AIG Card (Thailand) Company Limited. The transaction, which is subject to …

Australian Bushfires Kill 131, Dozens More Missing

Weary firefighters and rescuers pulled the remains of dozens of people from charred buildings on Monday as the death toll rose to 131 from Australia’s deadliest bushfires. “Everybody’s gone. Everybody’s gone. Everybody. Their houses are gone. They’re all dead in …

Oregon Bill Evaluates Merits of Re-Rating Insurance/Credit Score

The Oregon Legislature is considering a bill that would prohibit an insurer that issues personal insurance policies in the state to cancel, or non-renew a policy after evaluating the individual’s credit history or insurance score according to his or her …

Judge Awards $1.4M to Lawyers in Taser Lawsuit

A federal judge has ordered Taser International to pay $1.4 million to lawyers for the family of a Salinas, Calif., man who died after police officers repeatedly shocked him with stun guns. U.S. District Court Judge James Ware ordered the …

Utah Bill Would Get Rid of Immigrant Driving Cards

A Utah lawmaker wants to get rid of driving privilege cards for undocumented residents. Rep. Stephen Sandstrom, R-Orem, says the measure, House Bill 137, isn’t meant to punish immigrants, but rather to protect Utahns from national security threats. The driving …

Panetta Resigns Zenith National Board to Head CIA

Property-casualty insurance company Zenith National Insurance Corp. said that board member Leon Panetta has resigned to become director of the U.S. Central Intelligence Agency. President Barack Obama chose Panetta, a former chief of staff to President Bill Clinton and a …

Announcing the Redomestication of National Contractors Insurance Company, Inc., A Risk Retention Group to Montana!

National Contractors Insurance Company, Inc., a Risk Retention Group (NCIC) specializing in general liability insurance for licensed residential and commercial general and artisan contractors, has redomesticated to Montana, effective February 5, 2009. NCIC writes the difficult Classes: Roofers, Foundations, Excavators, …

Feds OK Exemptions from Stricter Anti-Lead Toy Safety Rules

Librarians, clothing makers, craft sellers and thrift-store owners received a reprieve Friday from federal regulators who moved to quell confusion over a new product safety law. The Consumer Product Safety Commission issued what amounts to temporary exemptions to a new …

Quirk & Co. Targets Expansion in Northwest

Quirk & Co., an insurance wholesaler headquartered in San Antonio, Texas, with branch offices in Austin, Dallas, and Atlanta, recently named Merry Palmer manager of the Pacific Northwest Lines Team and Cheri Bahmanyar underwriter for the Oregon office. Palmer’s focus …