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

Best Maintains Stable Outlook on U.S. Personal, Commercial Lines Sectors

The rating agency A.M. Best Co. said it continues to view the outlook for both the U.S. personal and commercial lines markets as stable. Despite the ongoing soft period in the cycle in commercial lines, a contracting economy and the …

Borak Joins Atlanta’s Tanner, Ballew & Maloof Insurance Agency as VP

Jeremy Borak has joined Tanner, Ballew and Maloof, Inc. in Atlanta as a vice president and account executive. He will be involved with the development and servicing of new risk management and insurance clients for the insurance firm. Borak had …

South Dakota House Kills Tougher Seat Belt Law

Members of the South Dakota House have killed an attempt to revive a failed bill strengthening the state seat belt law. The House voted 35-33 to defeat an attempt to insert language creating a primary enforcement seat belt law into …

RLI Launches Network Security, Privacy Breach Coverage

Peoria, Ill.-based RLI Corp. began offering its new network security and privacy coverage – CyberSecure – which insures losses from system vulnerability, security issues and a wide range of exposures to financial loss arising from network security and privacy breaches. …

U.S. Supreme Court: Drug Makers Liable Even With Warning Labels

The Supreme Court Wednesday ruled against the drugmaker Wyeth, holding that pharmaceutical companies can be held liable for harm from medicines which carry warnings approved by federal regulators. By a 6-3 vote, the high court ruled that labeling approvals by …

Army Inspecting 4 North Dakota Dams

The Army Corps of Engineers says four dams in North Dakota are among the 600 nationwide that are being screened through a new public safety process. The corps says the Garrison, Bowman Haley and Snake Creek dams have been classified …

Kentucky Lawmaker’s Mine Cited For Safety Violation

A Kentucky lawmaker pushing to reduce the number of medics required at small mines owns a mine that was cited last year for not having the personnel on duty. The Lexington Herald-Leader reported that state inspectors last year cited the …

Nebraska Supreme Court to Rule on Insurance Guaranty Fund Viatical Role

Nebraska’s highest court will determine whether a state insurance guaranty fund must cover nearly $1 million in losses suffered by 26 Nebraskans in a life insurance deal. The Nebraska Supreme Court heard arguments this week in the appeal and cross …

Group to Buy Land to Stop Flooding in 2 Northwest Ohio Towns

A group looking for ways to prevent another serious flood in northwest Ohio said it will use $3 million in state aid to buy homes and land along the Blanchard River in two hard-hit towns. Buying the low-lying properties in …

12 Michigan Auto Insurers Pledge Rate Freeze

Michigan Gov. Jennifer Granholm’s call for auto insurance companies to freeze their rates has won over 12 companies thus far, although most of the state’s largest insurer have not consented to the freeze. In a Feb. 3 order, Granholm asked …