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

Connecticut Hospital Worker Killed in Hit-and-Run

Police are searching for the hit-and-run driver whose car struck and killed a Hartford Hospital employee. Police and hospital officials said the victim was crossing a street in front of a medical arts building on Saturday morning when he was …

Ex-Insurance Executive Sentenced in Wisconsin for Kickback Scheme

A judge in Wisconsin has sentenced a former insurance executive to prison time for bilking his company out of more than $1 million in phony claims. U.S. District Judge Barbara Crabb told Douglas Nickerson she was glad he took responsibility …

Texas Law Limiting Contact with Accident Victims Overturned

A federal judge has overturned a Texas law that bars medical professionals from contacting victims within 30 days of an accident and lawyers from contacting people within a month of getting arrested. U.S. District Judge Lee Yeakel ruled that the …

Arthur J. Gallagher to Acquire Lloyd’s Broker FirstCity Partnership

Illinois-based Arthur J. Gallagher & Co. has agreed to acquire substantially all of the insurance brokerage business of FirstCity Partnership Ltd. of London, England. The transaction is expected to close in April 2010. Terms were not disclosed. FirstCity Partnership Ltd. …

AIG Closes Sale of Part of Investment Unit

American International Group, Inc. (AIG) has closed the sale of a portion of its asset management business to Pacific Century Group, an Asia-based private investment firm. AIG will continue to manage approximately $509 billion of assets as part of its …

McDonald’s Settles with Kentucky Worker Over Strip Search

Fast food giant McDonald’s has withdrawn a petition to the Kentucky Supreme Court over a $6.1 million award to a former fast food worker who was forced to strip after someone called posing as a police officer. The Louisville Courier-Journal …

Michigan House Backs Repeal of Motorcycle Helmet Law

The Michigan House has passed a bill that would let motorcycle riders 21 and older travel without helmets, despite the threat of a veto from Gov. Jennifer Granholm. The Democrat-led House passed repeal on a 63-46 vote. The bill now …

Republicans Once Backed Health Insurance Mandate They Now Oppose

Republicans were for President Barack Obama’s requirement that Americans get health insurance before they were against it. The obligation in the new health care law is a Republican idea that’s been around at least two decades. It was once trumpeted …

FEMA Charges Georgia Man with Multiple False Claims

Desima James would seem to be the unluckiest man in America. In 2005 and 2006 alone, he suffered through three devastating Gulf Coast hurricanes, a tornado in Indiana and flooding in New Hampshire. Or so he told the Federal Emergency …

Best Affirms Hartford’s ICR – Outlook Negative; Other Ratings Affirmed

A.M. Best Co. affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc. with a negative outlook. The rating agency also affirmed the FSRs of ‘A’ (Excellent) and ICRs of “a+” of the key life/health …