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

U.S. Drug Safety Agency Gets Tougher on Risks After Avandia

U.S. regulators appear to be increasing their scrutiny of product risks after cases like the bitter debate over the diabetes pill Avandia, industry executives and experts said this week. The Food and Drug Administration imposed severe restrictions on GlaxoSmithKine Plc’s …

Nashville’s Music Industry Getting Back on Track After Flood

In a white clapboard house on a quiet street in Berry Hill, a six-month marathon effort to save dozens of flood-damaged musical instruments remains a daily labor of love with the goal of salvaging Nashville’s best-known industry from near disaster. …

Court Hears Michigan Wal-Mart Medical Marijuana Firing Case

A federal judge on Friday heard arguments in the case of a medical marijuana user claiming a Michigan Wal-Mart store wrongfully fired him after testing positive for the drug. U.S. District Judge Robert Jonker in Grand Rapids said he will …

South Carolina Parents Sue School Over Son’s Playground Accident

Two parents are suing the Beaufort County School District for negligence after their son broke both arms on a school playground. Patricia and Ben Stott told The Beaufort Gazette that the Bluffton Elementary School playground isn’t adequately supervised. The Stotts’ …

Slurry Pollution Case Plaintiffs Called to West Virginia Meeting

Eighteen months ago, Christina Doyle packed up her two kids for an eight-hour journey to a West Virginia courthouse, hoping for some resolution to a lawsuit over water pollution she believes caused her daughter’s learning disabilities and slow growth. This …

Ohio Workers’ Compensation Bureau Manager Quit Amid Ethical Questions

A manager at Ohio’s insurance fund for injured workers has resigned amid ethical questions about whether his private side business benefited from connections he made while on the state payroll. Documents provided to The Associated Press through a public records …

XL Adds Two Execs to Lead Surety Division

Insurer XL appointed David S. Hewett as executive vice president and William J. Mills Jr. as senior vice president to lead its surety division. Hewett joins XL from Zurich where he served as executive vice president and head of it …

New Jersey Utility Reaches $450K Settlement Deadly House Blast

Public Service Electric & Gas will pay $450,000 to settle a wrongful death lawsuit brought by the family of a man killed in a 2008 house explosion. Sixty-six-year-old Richard Haas, who lived alone in the three-story Teaneck home, died after …

Outgoing Governor Appoints Interim Connecticut Commissioner

Gov. M. Jodi Rell has appointed an acting insurance commissioner, days before the state’s insurance department is scheduled to hear a request for rate increases from one of Connecticut’s major health insurers. Rell’s office confirmed that Barbara C. Spear, who …

Best Affirms AXIS Specialty, AXIS Capital Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of AXIS Specialty Limited (AXIS) and its operating affiliates. Best also affirmed the ICR of “bbb+” and all existing debt …