Monthly Archives: <span>May 2011</span>

Oklahoma Senate Approves Massive Late-Session Work Comp Bill

The Oklahoma Senate has approved a more than 200-page bill that completely overhauls Oklahoma’s workers’ compensation laws. The proposal emerged in the Oklahoma House just three days before lawmakers are expected to adjourn the legislative session. SB 878 has passed …

Agents’ Group Gives $100K to Texas Volunteer Fire Departments

Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agents are donating more than $100,000 to the State Firemen’s and Fire Marshals’ Association (SFFMA) to assist volunteer fire departments. The money will go to a special fund created to …

West Virginia Insurance Commissioner Cline to Retire

West Virginia Insurance Commissioner Jane L. Cline will retire after 10 years on the job. Gov. Earl Ray Tomblin said Cline’s retirement will become effective June 30, 2011 and that he will name a replacement in the future. “I have …

Tensions between Air France, Airbus Erupt in Crash Investigation

A row has erupted between Air France and Airbus as pressure grows to explain the 2009 Rio-Paris plane crash using data recovered from black boxes. The tensions were laid bare inadvertently by a top official, following days of finger-pointing in …

April’s Tornadoes Destroyed, Damaged 14,000 Alabama Homes

The swarm of tornadoes that killed more than 230 people across Alabama last month destroyed or heavily damaged more than 13,000 homes statewide and will smash the record set by Hurricane Ivan in 2004 to become the state’s costliest disaster …

Florida Hurricane Fund Gets More Time on Claims

The Florida Hurricane Catastrophe Fund has been given more time to respond to an influx of claims from 2005 storms. A state panel chaired by Gov. Rick Scott approved an emergency rule waiving a 60-day deadline for acting on claims …

Transocean Investors Uphold Executives’ Liability for 2010

Shareholders of rig contractor Transocean Ltd voted down a proposal by a healthy margin to discharge its board members and executives from liability for activities in 2010, according to a filing. Votes in favor represented 44 percent of those cast, …

Hong Kong Stock Exchange Approves Listing of Guernsey Companies

Guernsey has received the green light for its companies to list on the Hong Kong Stock Exchange (HKEx). The Exchange’s Listing Committee has “formally approved Guernsey as an acceptable overseas jurisdiction for the purpose of companies incorporated in the Island …

U.S. Chamber of Commerce President Reaffirms Support for Ireland

Ireland has been much in the news recently, and not just for its economic woes. The visit by the UK’s Queen Elizabeth II, the first by a British monarch in 100 years, and the upcoming visit of President Obama, as …

Lloyd’s Ark Syndicate Moves to ‘All in One’ Electronic Claims

Slowly, but surely the electronic revolution is gaining ground at Lloyd’s and throughout the London market generally. Ark Syndicate Management Limited at Lloyd’s became the latest to make the jump with the announcement that it has “gone live” with its …