Monthly Archives: <span>March 2010</span>

Congress Approves Final Healthcare Bill Changes

The U.S. Congress approved a package of final changes to President Barack Obama’s landmark healthcare overhaul Thursday, and Obama dared Republicans to try to repeal the new law. The House put the finishing touches on the overhaul by passing a …

Fees from AIG Asset Sales Enrich Wall Street Banks

The crumbling empire of American International Group Inc. is helping to pave Wall Street with gold. Auctions of the bailed-out insurer’s assets have generated more than half a billion dollars in fees since its near-collapse in September 2008, with every …

South Dakota: Insured Drivers Covered Even If Struck When Pedestrians

South Dakota Division of Insurance Director Merle Scheiber is warning property/casualty insurers that auto policy forms that restrict the types of motor vehicles for which coverage may apply when an insured is struck as a pedestrian are invalid. Under SDCL …

Floods Recede in Fargo, But Other Hazards Linger

As the Red River slowly started to recede this week and fears of major flooding diminished, Fargo residents were left to deal with another problem: environmental hazards that linger long after the waters decline. Floodwaters can be noxious brews of …

Cirro Covers Texas Homes Against Water, Sewer Line Problems

Cirro Home Guard, an affiliate of Cirro Energy, has created three new programs that provide water line replacement, sewer line repair, and related landscaping restoration for homeowners in Texas. Cirro Home Guard water line protection costs $3.95 a month and …

Zurich Targets Emerging Public Companies With Management Liability

Zurich’s Specialties’ Management Solutions Group has created a new practice aimed at offering management liability insurance to public emerging growth companies with revenues under $500 million. The new practice, called Public Markets Group, will offer directors and officers (D&O), employment …

Minnesota Scores “A+” on Workers’ Comp Report Card

Minnesota ranks the best in the nation in terms of workers’ compensation performance, according to the Encinitas, Calif.-based Work Loss Data Institute (WLDI), which recently released its 2010 State Report Cards for Workers’ Compensation. Using eight years of data from …

Woodruff-Sawyer Names Griffin VP, Employee Benefits Team Leader

San Francisco-based Woodruff-Sawyer & Co. has named Robert (Andy) Griffin vice president, employee benefits team leader in the Southern California office. For more than 30 years, Griffin has been providing employee benefits solutions to clients across a wide variety of …

High-Powered Trial Attorneys Compete for Toyota Litigation

Scores of high-powered U.S. trial lawyers pursuing Toyota in court over the car company’s wide-ranging safety recalls gathered Wednesday to compare notes, strategize and jostle for a prime shot at the legal bounty. The conference at a San Diego hotel …

P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s

Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from Chinese drywall will probably be covered within insurers earnings, …