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

Arkansas Law Raises Personal Watercraft Minimum Operator Age to 16

An accident on Lake Hamilton two years ago led to a new Arkansas law that takes effect this week, setting the minimum age of 16 for a solo operator of a personal watercraft. The new law is known as Rachel’s …

Houston Insurance Women Association Elects New Officers

The Houston, Texas, chapter of the National Association of Insurance Women has installed new officers for 2009-2010. The newly installed leadership board includes: President Deborah Currie; President-elect Joanne Pearson; Vice President Tiney Taylor; Secretary Elizabeth Clay; Treasurer Margaret Parker; Finance …

Texas Oil & Gas Assoc. Earns $4.5M Texas Mutual Dividend

The Texas Oil & Gas Association (TxOGA) workers’ compensation purchasing group has earned a $4.5 million dividend from Texas Mutual Insurance Company. This marks the largest group dividend in Texas Mutual’s history, the company said. It is based primarily on …

Blackstone, Goldman, Credit Suisse Back New Insurance Brokerage

A group of private equity investors, including affiliates of The Blackstone Group, Goldman Sachs and Credit Suisse, is launching a new life insurance and benefits brokerage serving the middle market and small businesses, Insphere Insurance Solutions. This new company expects …

OSHA to Investigate Monorail Death at Florida’s Disney World

A federal agency has opened an investigation into the death of an operator of Walt Disney World’s monorail train in Florida. The investigation launched Monday by the Occupational Safety and Health Administration could take as long as six months to …

West Virginia Touts Switch to Private Workers’ Compensation System

West Virginia Insurance Commissioner Jane L. Cline says her state’s one-year old privatized workers’ compensation system is offering better claims administration, lower costs for employers and better treatment of injured workers. In 2005, the state approved the privatization of the …

Fireworks Explosions Kill 5 Across U.S.

Five people working on Independence Day fireworks shows were killed by explosions, four of them by a single blast that rocked Ocracoke, a remote village on North Carolina’s Outer Banks. The fifth died after an explosion at a fireworks show …

Senators Seek Compromise on Public Option for Health Care Reform

It will take a compromise on a government option for insurance if the Senate is to agree on a health care overall before next month’s break, according to two senators. President Barack Obama is pushing for an Aug. 8 deadline …

Billions At Stake Over Trust in Trial of AIG v. Ex-CEO Greenberg

Maurice “Hank” Greenberg, former chief executive of American International Group Inc., fabricated documents and lied under oath in a bid to rewrite history and cloud who is the rightful beneficiary of a valuable block of AIG stock, AIG lawyer Ted …

Marsh Appoints Nicholson as UK Risk and Governance Director

Marsh announced that it has appointed John Nicholson as Risk and Governance Director of Marsh in the UK, a newly created position within the company. He will lead Marsh’s ongoing program to develop and embed robust risk management and governance …