среда, 25 ноября 2009 г.

Daily Headlines: Wednesday, November 25, 2009

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Claims Journal Daily Headlines
November 25, 2009
News By Region  National  International  East  Midwest  Southeast  South Central  West

Today's Headlines

National

Stanford Sues Lloyd's of London for Defense Fees Under D&O Policy

Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd's of London for...

Chief Says U.S. Consumer Product Agency Acted Too Slowly on Crib Safety

The head of the Consumer Product Safety Commission conceded the agency "hasn't been acting as quickly as it should'' on crib safety...

Best Downgrades Kingsway and Several Subsidiaries Ratings

A.M. Best Co. has downgraded the issuer credit ratings (ICR) and senior debt ratings to “ccc” from “b-” of Canadian...
East

New York Regulator Proposes Changes to No-Fault Insurance Coverage

The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in Empire State, in a move the...

Maine Cops Say Baked Beans Plant Fire Was Arson

Fire investigators say a fire that damaged the B&M Baked Beans factory in Portland was arson. Portland fire officials say the fire in a...

Pittsburgh Insurance Agency Employee Steals $432K

The former bookkeeper for a Pittsburgh insurance agency has pleaded guilty to mail fraud for stealing more than $432,000 from the...
Midwest

Toyota Recalls 110,000 Tundras in U.S. for Corrosion

Toyota Motor Corp. will recall about 110,000 older model Tundra pickup trucks in the United States due to corrosion problems, the U.S....

Bill Would Extend Tax Relief for Midwest Disaster Victims

Iowa Sen. Chuck Grassley wants Midwest disaster victims to have more to time to benefit from tax relief intended to help with the repair or...

Missouri to Distribute $75M to General American Policyholders

More than 300,000 current and former policyholders of General American Life Insurance Co. will soon receive $75 million in distribution...
Southeast

Georgia Jury Awards $100K in Finding 'Red Hat' Novel Libelous

A jury in Gainesville, Georgia has decided that an author libeled a former friend in a novel. The jury found that Haywood Smith's novel...

Mississippi Grand Jury Indicts 9 in Auto Chop Shop Probe

A Prentiss County, Mississippi grand jury has indicted nine people on charges related an investigation into a chop shop. Sheriff Randy...

Universal Orlando Fined Over Theme Park Accident

Universal Orlando has been fined and ordered to make changes over a July accident at its Islands of Adventure theme park. The Occupational...
Texas / South Central

Analysis: Despite Economy, Louisiana-Based Companies Growing

Despite the complexities of the nation's worst economic downturn in decades, some Louisiana-based companies are showing surprising...
West

The Buckner Company Acquires Flying J Insurance Services

Salt Lake City-based The Buckner Co. has entered into a definitive agreement to purchase Flying J Insurance Services effective Jan. 1, 2010,...
International

Ratings Recap: BNY Trade, Qatar General

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of 'A-' (Excellent) and issuer...

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