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

Texas Releases Performance Results for Workers’ Comp Carriers

The Texas Department of Insurance Division of Workers’ Compensation has posted on its Web site the 2009 Performance-Based Oversight (PBO) Results for workers’ compensation insurance carriers and selected health care providers. For this PBO assessment, TDI-DWC evaluated insurance carriers’ performance …

Missouri Sues Arkansas Insurer

Missouri insurance regulators have gone to court to stop an Arkansas-based life insurance company from illegally changing the terms of its cancer insurance policies, the Missouri Department of Insurance announced. The DOI alleges Central United Life Insurance Company is trying …

Colorado Electricity Dam Fire Results in Indictment

Xcel Energy, Inc., Public Service Company of Colorado, RPI Coating, Inc., and two men were indicted by a federal grand jury in Denver late Friday on charges that the defendants violated workplace safety and health rules and regulations that resulted …

Tennessee Rejects Recovery If Product Defect Causes Economic Loss Only

The Tennessee Supreme Court has ruled that the state does not recognize an exception to the economic loss doctrine that generally bars damages if a product defect causes only economic loss and not any personal or additional property damage. The …

Farmers Gives California Fire Victims Assistance Number

Farmers Insurance Group of Companies asks its customers suffering damage or ordered to evacuate because of the widespread wildfires in Northern and Southern (Los Angeles County areas), to immediately contact Farmers’ 24 hour claims hotline at: 1-800-HelpPoint (1-800-435-7764) for immediate …

Bar Association Seeks Exemption for Lawyers from Identity Theft Rule

The American Bar Association is seeking to bar the Federal Trade Commission from applying its Red Flags Rule, designed to prevent identity theft, to practicing lawyers. An ABA suit filed in the U.S. District Court for the District of Columbia …

AIG Plane Leasing Executive May Bid for Business

The head of the aircraft leasing company owned by the giant financial services company American International Group is reportedly talking about buying a part of the business. The aircraft leasing company has been up for sale for more than a …

Specialty P/C Insurer Ironshore Raises $300 Million

Property/casualty insurer Ironshore Inc. in Bermuda has completed an equity capital deal that will raise $300 million to support the continued expansion of Ironshore’s specialty insurance business. Lead investors in this transaction include GTCR Golder Rauner, LLC, a private equity …

Legal Challenges Could Turn Off Florida’s Red Light Cameras

Last year, Pembroke Pines turned on its first red-light camera. Across South Florida, other cities followed. But now critics — and lawsuits — are questioning whether the cameras pass legal muster. Several Florida cities, including Aventura and Miami Gardens, face …

Delaware Fire Marshal: Steel Plant Fire Accidental

The Delaware State Fire Marshal’s Office say a fire in the EVRAZ Claymont Steel plant in Claymont was accidental. Firefighters were called to the plant Monday evening for a report of a fire and a trapped worker in a crane. …