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

Texas Revamps Sex Offender Web site

The Texas Department of Public Safety unveiled a redesigned sex offender Web site on Wednesday. The revamped site allows users to subscribe to e-mail notifications about changes in an offender’s record or ZIP Code. It also provides more precise mapping …

Okla. Governer Vetos Insurance Bill; Teacher Bill

Gov. Brad Henry has vetoed bills dealing with liability insurance and what can be said at teacher meeting. Henry struck down the measures late Tuesday night. His veto total for the year now stands at 18. One bill restricted the …

5th Circuit Upholds Ruling in Katrina Damage Case

A federal appeals court upheld a judge’s ruling that dismissed an engineering firm from a lawsuit involving a Hurricane Katrina damage case. David and Marilyn Aikens, of Pass Christian, Miss., appealed U.S. District Judge L.T. Senter Jr.’s ruling to dismiss …

Ratings Recap: Navigators, AIG (So. Am.), Electro Re, Casiopea Re

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Navigators Insurance Group, which is comprised of Navigators Insurance Company and its wholly owned and 100 percent reinsured subsidiary, Navigators …

Surplus Lines Brokers Report No Change in Capacity; Increase in Submissions

Catastrophic events, the economy and changes in reinsurance capacity have the greatest impact on the availability and pricing of specialty lines coverage in 2009, according to professionals in the surplus lines industry. Yet despite an economic slowdown, the majority of …

Michigan Agent Walker Named to Big ‘I’ Executive Committee

David Walker of the Hartland Insurance Agency in Hartland, Michigan has been named to the Executive Committee of the Independent Insurance Agents & Brokers of America (IIABA). As an Executive Committee member, Walker will work with the IIABA association board …

Oregon Senate Extends Period of Product Liability

The Oregon Senate has approved a bill that would give Oregonians harmed by defective products more time to take legal action. Currently, Oregon residents must sue within eight years of when the product was originally purchased. Senate Bill 284 would …

Wisconsin Supreme Court Upholds Traffic Stop of Drunk Driver

The Wisconsin Supreme Court says police were within their rights to pull over a drunken driver whose vehicle briefly crossed the center line. The case involves Michael Popke, who was stopped in 2007 in New London after an officer saw …

Dismissal of Engineering Firm from Mississippi Katrina Case Upheld

A federal appeals court in New Orleans has upheld a judge’s ruling that dismissed an engineering firm from a lawsuit involving a Hurricane Katrina damage case. David and Marilyn Aikens, of Pass Christian, Miss., appealed U.S. District Judge L.T. Senter …

AIG Selling Part of Stake in Reinsurer Transatlantic Via Secondary Offering

American International Group Inc. said Thursday it will sell a part of its 59 percent stake in reinsurer Transatlantic Holdings Inc. to the public in a secondary offering, marking its latest divestiture. AIG, which is trying to pay back the …