United States News

WHO Official Says World Edging Towards Flu Pandemic

The spread of H1N1 flu in Australia, Britain, Chile, Japan and Spain has nudged the world closer to a pandemic, the World Health Organization said on Tuesday. The newly-discovered strain had caused more infections than seasonal influenza at the start …

High Seas Search Continues for Air France Plane with 228 Aboard

Search planes scoured the dark waters of the Atlantic Ocean early Tuesday, looking for the remains of an Air France jetliner that disappeared in a severe storm with 228 people on board. The Airbus A330 went missing on a flight …

Increase Traffic to Your Internet ‘Real Estate’

Enhance Your Agency’s Online Visibility Through Search Engine Optimization Nearly half of the United States — more than 163 million people — are using the Internet, according to a recent Nielsen poll. And they are using search engines to research …

Panama Moving Slowly on Making Tax Haven Law Changes

Panama’s ruling party is unlikely to pass tighter tax legislation seen as key for the signing of a U.S. free-trade deal before President Martin Torrijos steps down on July 1, legislators said this week. A bilateral trade pact has been …

Business Moves

AIG American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion to Nippon Life Insurance Co. The property includes approximately one acre of land on which The AIG Otemachi Building …

Ratings Recap: GeoVera, Catholic Knights, Auto Owners, Church Mutual

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Calif.-based GeoVera Insurance Group and its P/C members. “The ratings and …

Declarations

Undue Stress “The pending sale could create undue stress on our workers’ compensation system. We will fight every step of the way to ensure Ohio’s self-insured employers and their workforce are protected.” —Ohio Attorney General Richard Cordray. Ohio has joined …

New Municipal Bond Insurer Set to Launch, Reports Reuters

A newly formed U.S. municipal bond insurer, ready to open its doors as soon as it gets credit ratings, expects to launch with about 50 employees and double that number as it ramps up, executives told Reuters. Municipal and Infrastructure …

The Biggest Loser?

Obesity Weighs Heavily on Workers’ Compensation Claims It’s time face facts, we’re a nation of fatties. About a quarter of our citizens can be characterized as obese, according to the Centers for Disease Control and Preven-tion (CDC). And while that …

Top Trial Lawyer Cauley Pleads Guilty to Fraud in Insurance Case

An Arkansas lawyer who rose to prominence in lucrative securities fraud class-action litigation pleaded guilty on Monday to charges of stealing more than $9 million of client money. Lawyer Steven Eugene Cauley told U.S. District Judge Paul Crotty at a …