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

New York Made 160 Frauds Arrest in First 3 Months of the Year

The Insurance Frauds Bureau of New York State made 160 arrests for frauds-related crimes through the first three months of the year, according to new statistics released by the New York Insurance Department. The total number of arrests was down …

Employers May Face Tax Hikes Under Indiana Jobless Fund Proposal

Employers would pay higher taxes under a revised proposal Indiana House Democrats presented as a way to fix Indiana’s bankrupt unemployment insurance fund. The taxes employers would pay into the fund overall would be higher than House Democrats originally proposed, …

19 Plant Workers Sickened at Colorado Power Plant

An official with the Tri-State Generation and Transmission plant in Craig, Colo., says the company is trying to figure out how 19 workers suffered burning eyes and nausea while working on a generating unit. Company spokesman Jim VanSomeren says no …

Insurance Company Offers Reward of $35K After Oklahoma Fire

A reward of $35,000 is being offered for information about the fire that destroyed 70 homes in Midwest City in eastern Oklahoma County two weeks ago. GuideOne Insurance and the Midwest City Police Department announced the reward for information leading …

Motorists Insurance Offers Tools to Address ID Theft, ‘Red Flag’ Rules

Columbus, Ohio-based Motorists Mutual Insurance Co. announced it is offering educational resources to commercial lines policyholders to help them comply with new federal regulations concerning data security and identity theft. Motorists Mutual is giving commercial policyholders online access to a …

Pennsylvania Nuke Victims Get $52.5M from Babcock & Wilcox

People who live near a former nuclear fuel plant in western Pennsylvania will get $52.5 million to settle their 14-year-old lawsuit against Babcock & Wilcox Co.. The settlement, approved Friday by a federal judge in Pittsburgh, ends the final claim …

MacNeill Group Names Tromer President

MacNeill Group Inc. promoted Kevin M. Tromer to president. In January 2009, Tromer succeeded Douglas W. Bullington who continues on in his current position of CEO of Focus Holdings LLC, MacNeill Group’s parent company. Tromer is just the fifth person …

Zurich Names Bouchard to Head Climate Office

Zurich Financial Services Group has appointed Francis Bouchard as head of the Climate Office, effective May 1, 2009. Bouchard will succeed Mike Kerner, who has recently been appointed to Chief Executive Officer of Global Corporate in North America. In this …

Specialty Underwriters, Hallmark Financial Still at Odds Over Control

Specialty Underwriters’ Alliance Inc. (SUA), headquartered in Chicago, reported that it has distributed a letter to stockholders in response to the proxy contest being waged by Hallmark Financial Services Inc., which is seeking to acquire controlling shares of Specialty Underwriters …

Severe Storm Season Like 2008 Could Occur Once Every 4 to 5 Years, RMS Predicts

As the peak tornado season rapidly approaches in May, Risk Management Solutions (RMS), a provider of products and services for catastrophe risk management, has released a special report analyzing the impact of the 2008 U.S. severe convective storm season. Last …