Alabama News

McCain, GOP Governors Split Over Disaster Fund

A congressional proposal to create a national “catastrophe fund” to help states recover from natural disasters has put Republican presidential hopeful John McCain at odds with a handful of GOP governors — including two state chief executives frequently mentioned as …

Great American Insurance Group Adds Grey to Atlanta Office

Illinois-based Great American Insurance Group added Adam Grey to its Atlanta office as marketing representative for the firm’s executive liability division. Grey previously worked with the banking sector in providing innovative insurance solutions for their construction loan portfolios. His territory …

Jury Selection Begins in Alabama for Trial of 70 Pharmaceutical Firms

Jury selection is beginning in the next trial of Alabama’s lawsuits against more than 70 pharmaceutical companies for allegedly overcharging the state’s Medicaid program. A jury is being selected June 17 in the trial against drug companies Novartis Pharmaceuticals and …

Alabama Woman Charged with Killing Show Horse for Insurance Money

Police said a south Alabama woman admitted to shooting her show horse to death in May, burning a barn with the animal inside and attempting to collect $100,000 in insurance on the horse named Abby. Brenda Gradia, 41, of Flomaton, …

Declarations

Asbestos Ruling “We hold that the Act cannot constitutionally be so applied and return the cases to the trial court for consistent proceedings.” —The Florida Fourth District Court of Appeal ruled, stating that the Florida Asbestos and Silica Compensation Fairness …

Alabama Insurance Agent in Runoff for Congressional Seat

Huntsville, Ala. insurance executive Wayne Parker and Huntsville attorney Cheryl Baswell Guthrie will be in a runoff for the Republican nomination for the 5th Congressional District seat. Parker nearly won without a runoff but didn’t quite reach 50 percent of …

Federal Judge: Mississippi AG Hood Conspired with Scruggs

Mississippi Attorney General Jim Hood wrongly conspired with prominent trial attorney Richard “Dickie” Scruggs to skirt a court order in a case involving Hurricane Katrina insurance claims, a federal judge ruled. Referring to Hood as a “so-called law enforcement officer,” …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Custom Home Builders Market Detail: Lemac & Associates, a division of Risk Placement Services Inc. …

Feds to Require Airtight Refuge Chambers in All Coal Mines

The federal Mine Safety and Health Administration is taking a stab at requiring airtight emergency refuges in the nation’s 624 underground coal mines. Mine operators can either store building materials underground, build airtight rooms, or place prefabricated refuges in the …

Ratings: Commerce, Aspen, Med Mutual, Kodiak, Hermitage, ProAssurance, US Liability, Provident, Hereford, Polish Roman

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Commerce Group, its lead company, The Commerce Insurance Company, and four inter-company pool members. Best also affirmed the ICR …