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

Validus Offers ‘Three-Part Plan’ to Expedite Acquisition of IPC Holdings

In the latest round of the fight for control of IPC Holdings, Bermuda-based Validus Holdings outlined a three-part plan to acquire IPC, which, it said, would “allow IPC shareholders to obtain the benefit of Validus’ previously announced offer notwithstanding the …

New Jersey Residents Facing Motor Vehicle Fee Hikes

Garden State residents might soon pay more to ride a motorcycle, attend driver improvement classes and get copies of boating paperwork from the state. New Jersey’s Motor Vehicle Commission has proposed dozens of fee hikes. The agency says current fee …

AIU Launches Contractor’s General Liability Endorsement

AIU Holdings Inc.’s Construction Risk Management Group launched a new product, the Contractor’s Commercial Prime Endorsement, which combines 21 coverage extensions now added automatically to its commercial general liability offering. “Contractors will be provided Contractor’s Commercial Prime endorsement automatically when …

Pennsylvania Ex-Judge in Federal Prison for Insurance Fraud

An ex-judge for the Pennsylvania Superior Court has begun serving his 46-month sentence for insurance fraud at a minimum-security federal prison in West Virginia. Online federal prison record confirm that former judge Michael Joyce has reported to the facility in …

La. Bond Broker’s ‘Straw Man’ Gets Probation

A California man described by prosecutors as a “straw man” for a convicted felon’s illegal insurance business in Louisiana has been sentenced to three years of probation. U.S. District Judge Carl Barbier also on Wednesday ordered 67-year-old James Zoucha, of …

Building Collapses at New York City Construction Site

A five-story building collapsed at a lower Manhattan construction site on Thursday, but fire officials said it appeared no one was inside. Emergency crews with a dog were sifting through the building’s rubble and were going through a neighboring building …

California Regulator, Association Warn of Flu Implications

The Insurance Information Network of California is warning insurance agents that the current outbreak of swine flu has implications not only for travelers and businesses, but for their insurers as well. Following are types of insurance that could be affected. …

Maryland Yard Tractor Sparks Fire that Causes $400K in Damage

Maryland officials say a lawn tractor’s hot engine started a fire that destroyed a house in Mount Airy. Deputy Fire Marshal Ed Ruck says no people were injured in the fire Wednesday afternoon on Catoctin View Court, but a cat …

House Votes to Amend Idaho Workers’ Comp Laws

The Idaho House voted 50-16 to change how Idaho State Insurance Fund pays dividends to workers’ compensation policy holders. The measure has already cleared the Senate and now goes to Gov. C.L. “Butch” Otter. The bill doesn’t include retroactive provisions …

Former State Fund Employee Tied to SoCal Serial Killings

Police believe a 72-year-old man charged with two cold-case murders is tied to two decades-old waves of Southern California serial killings and as many as 25 victims. DNA matching former insurance adjuster John Floyd Thomas Jr. was found at five …