Archive for June, 2008

New overseas home insurance available

New overseas home insurance available

Arbella Reduces Mass. Auto Rates Again

The Arbella Insurance Group reported that it has received approval for new private passenger auto rates in Massachusetts that will result in another one percent average drop on top of an earlier 7.7 p

Allied World Assurance to Acquire Darwin Professional Underwriters

Bermuda-based Allied World Assurance Co., Ltd. has agreed to acquire Connecticut-based Darwin Professional Underwriters, Inc. Darwin offers specialty and primary professional lines coverages, whic

Foam Company Offers $6.3 Million to R.I. Nightclub Fire Families

A company that sold the foam blamed for fueling a Rhode Island nightclub fire that killed 100 people has agreed to pay $6.3 million to settle lawsuits from survivors and victims' relatives, according

High-Profile U.S. Trial Lawyer Scruggs Sentenced to 5 Years

A high-profile Mississippi lawyer, who became unpopular on Wall Street for battling powerful companies, was sentenced to five years in prison Friday after pleading guilty to conspiring to bribe a judg

Mo. Gov. Blunt Asks Insurance Companies to Give Grace Period to Flood Victims

Missouri Gov. Matt Blunt and the Department of Insurance, Financial Institutions and Professional Registration (DIFP) called on insurance companies to provide maximum consideration to flood victims in

Insurance Tax not Enough to Support West Virginia Fire Departments

As gas prices soar, the costs of running a volunteer fire department are rising. Now West Virginia legislature and the counties are debating over who will pay the rising costs of the state's 424 volun

Iowa Governor Creates Task Force to Focus on Rebuilding after the Flood

Iowa Gov. Chet Culver on June 27 announced the creation of a 15-member task force that will focus on rebuilding after this month's record flooding. Culver said the disaster is one of the 10 worst

R.I. High Court Backs Tougher Drunk Driving Law

The state's high court has backed a 2006 law that applies harsher penalties to drivers who refuse to take a Breathalyzer test. Before the law passed, nearly 85 percent of suspected drunken drivers

Midwest Flood Losses Sink In as Mississippi River Water Levels Recede

Farmhouses appear to float on lakes, and farmers use boats to get to their barns. Businesses are shuttered as flooded roadways cut off customers. Rail lines, factories, river locks are shut down. Home