Newsbriefs

ILL. ORGANIZATION PUSHES FOR SAFETY IN AUTO GLASS REPLACEMENT

Glen Ellyn, Ill.-based Automotive Glass Replacement Safety Standards Council Inc. is a not-for-profit organization dedicated to the safe replacement of auto glass. AGRSS was founded and is supported by companies in the auto glass replacement industry that make safe installation …

CAPTIVE INSURERS HONOR VERMONT REGULATOR

For more than 30 years, Leonard Crouse has been credited as a key figure in advancing the captive insurance industry. Now Crouse, the deputy commissioner for captive insurance for Vermont, has been honored for his efforts with the 2007 Distinguished …

N.Y BAR OWNER CHARGED IN DRUNK EMPLOYEE FATAL CRASH

A Putnam County, New York bar owner has been charged with allowing an off-duty bartender to drink and drive, resulting in a head-on crash that killed her and another woman. Sandra Longchamps, a bar manager at The Paddock bar in …

TRIAL STARTS FOR FORMER MARSH EXECS

Two former executives of giant insurance broker Marsh & McLennan Cos. Inc. went on trial earlier this month for what prosecutors said were their roles in a lucrative bid rigging scheme. William Gilman, who was executive marketing director, and Edward …

USI HOLDINGS GRANTED LIMIT ON COPYRIGHT DAMAGES

USI Holdings Corp. reported that a federal court has granted its motion for partial summary judgment on a statue of limitations issue in the copyright infringement action William A. Graham Company v. Thomas P. Haughey and USI MidAtlantic Inc. (U.S. …

NEW MEXICO LEGISLATION TO LIMIT ACCESS TO CREDIT REPORTS

New Mexico’s legislature has passed a bill allowing consumers to place a security freeze on access to their credit report, but it does not apply to insurance underwriting. Just before the legislative session ended, Senate Bill 165 passed, allowing the …

PREDICTING EARTHQUAKE LOSSES

The California Earthquake Authority is collaborating with the U.S. Geological Survey and the National Science Foundation on a new earthquake damage risk model to update the current model developed by risk modeling company Eqecat. The $12 million dollar project — …

IDENTITY THEFT ADVICE

Common methods of identity theft: Dumpster diving. Collecting bills and personal information sources from trash bins. Skimming. Stealing credit/debit card numbers by using a special storage device when processing your card. Phishing. Pretending to be financial institutions or companies and …

CEO ALLEGES ALABAMA WRECKED HIS BUSINESS

A former campaign supporter of Alabama Governor Bob Riley is suing him and other present and former state officials, accusing them of conspiring to drive him out of the insurance business. John W. Goff of Mont gomery filed the suit …

LLOYD’S SURVEY AGAIN NAMES ‘MANAGING THE CYCLE’ AS CHIEF CONCERN

For the third year running, underwriters in the Lloyd’s market have identified managing the cycle as the most important challenge for the industry, and over two-thirds believe that the industry has made some progress managing it, according to Lloyd’s. Lloyd’s …

Newsbriefs Archives by Month