European Stars and Stripes (Newspaper) - August 16, 1990, Darmstadt, Hesse Thursday August 16, 1990 . Threatens the stars and strikes Pago 5 insurer sex n Trenton . Apr gov. Jim Florio said tuesday that the itt Hartford group would be barred from Selling All insurance in new Jersey if it refuses to sell Auto policies. /. The Connecticut based insurer is attempting to withdraw from the new Jersey Auto insurance Market in reaction to state insurance reforms. The program forces the Industry to pay nearly half of a s3 billion debt incurred by a state run insurance Pool that covers High risk Hartford has about 23,000 Auto insurance policies in Force in the state through its subsidiary twin City fire insurance co. If the company were banned from the state insurance Market altogether it would lose More than $224 million in annual Premium income. A your new Law brings Back fairness and it requires insurance companies to play by the rules Quot said Florio. A if they won t sell us car insurance we wont let them sell anything. They can to pick and choose which insurance lines they wish to sell in new itt Hanford and the state have fought in court Over the company a attempt to leave new Jersey. State officials have maintained that the company failed to provide a plan for a orderly withdrawal to ensure that its customers have adequate time to find another insurer. Under an order issued by state insurance commissioner Sam Fortunato itt Flatford will be directed to give up All its lines of property casualty life and health insurance sold through 11 affiliates. The firms took in $224.5 million in Premium income from those insurance lines last year said itt Hartford spokeswoman Karen Paterno. A a we re disappointed with gov. Florio a announcement Quot Paterno said Quot but Wco re not prepared to comment on the actual order until we review it Quot several other companies including colonial Penn Cigna and Crum amp Forster also have declared their intent to Stop writing Auto insurance in new Jersey said an insurance department spokesman. . Truck Accident workers Eye a trader trailer that went Over a Bridge on an expressway in Ellicott n.y., on monday. Driver Phil pair and his Cousin George fair escaped the Rig which landed in 10 feel of water in the Cassa Degu Creek. They were hauling demonstration models of Nice ears in Michigan for next weeks Lascar race. Salvage group wins title to Fortune in Gold Norfolk a apr a Federal judge has awarded about three tons of Gold Worth As much As $1 billion to a Salvage group that discovered the treasure off the South Carolina coast. . District judge Richard b. Kellam rejected claims on the treasure that had been filed by a group of insurance companies Columbia University two treasure Hunters and a roman Catholic order of monks. The group the Columbus America discovery group found the w Reck of the is Central America in 1987 about 160 Miles off Charleston s.c., and under 1,5 Miles of water. The vessel carrying a shipment of Gold bars and coins from California went Down on sept 12, 1857. Barry Schatz a Columbus America partner said he was elated at the decision. A the ruling was even More than i thought it could be a he said. A a in a ecstatic because my clients arc ecstatic Quot said Columbus America attorney Richard Robol. Quot the question of who owns the Gold has been answered. Columbus America owns the Robol has said the Fortune could reach $1 billion but Schatz said a figure half that size would be More realistic. Nine insurance companies representing the approximately 39 underwriters who paid off on the wreck claimed that the Gold belonged to them Columbia University claimed it was due a share of the Booty because data of the area i from its 1984 sonar Survey was used to find the wreck. Treasure Hunters Harry g. John and Jack Grimm who paid Columbia $300,000 to conduct the Survey contended that they also were entitled to a share. John heir to the Milter brewing co. Fortune assigned his stake in the Columbia data to the province of is. Joseph of the Capuchin order in Detroit then bought it Back for $10. John and Grimm later reached agreement with Iho monks to equally split whatever they recovered. The judge ruled the insurance companies weren t entitled to a share because the destruction of records pertaining to the cargo proved the companies had de an v interest m die relinquished property. He ruled that Columbia the treasure Hunters and the monks weren t entitled to shares because they lacked Prool the Columbus America group used the University a information. A a i he real importance of the decision is it makes it Clear that individuals have the Freedom to explore i he deep Ocean and enjoy the benefits of their Robol said. A a it a a Victory for the Freedom of lawyers Lor the insurance companies did no to immediately return phone Calls. Schatz said most of the Gold would tie sold and that some of the rare coins and bars will go on the stars and stripes 40 years ago today. Aug. 16, 1950 a the 10th . District court setting in Ansbach West Germany sentenced to eight years in prison confessed soviet spy Kurt muck a 21-year-Cid last German apprehended by military police july 25 on the Usa eur signal s. On Cserne at Ansbach. Safety group seeks probe of pm door mounted belts30 years ago today. Aug. La %0 a Gen. Lunan i., . Army chief of staff was nominated to become chairman of the joint chiefs of staff effective e with the retirement of Gen. Nathan f. Twining.20 years ago today aug. La 1970�? former College philosophy instructor Angela Davis was sought on warrants charging her with murder and kidnapping in the aug. 7 Marin county Calif courthouse shootout that left four dead including a judge.10 years ago today. Aug. La 1980 a president Carter despite trailing in every nationwide political poll predicted a tremendous Victory Quot Over Republican candidate Ronald Reagan in \ of Ember. Washington apr a private Auto safely group asked the Federal government tuesday to investigate door mounted Seal belts in general motors ears. The group filed reports of four deaths and lice injuries involving their use. The Center for Auto safety asked the National Highway traffic safety administration to open a formal investigation which could Lead to a recall of Belt systems used in 5.5 million 1987-90 Model cars. The Center in a letter to safety administration head Jerry k. Curry asked the Agency to probe what it Sard is a defective design plus physical failures of the belts themselves and problems with the cars door latches. The belts in question automatically close Over front Seal occupants As they enter the vehicle but they Tail when doors pop open in an Accident the Center claimed. Pm spokesman Grey Jerry said the cars Bells door latches and other components meet or exceed All Federal Sian Dards. He said the problem of any doors coming open in an Accident can be Purcal by curtailed by Locking the doors which is advised in All owners Inanna is. I i Hurd a spokesman Lor inc traffic safety administration said i Fie petition would be reviewed. Hie petition gives details of eight incidents since september 1988 m which the Bell system allegedly i a i ice. In each Case a Driver or passenger was a jelled or partially ejected. Cim introduced the belts in the 1987 Model year and continues to use them in the i 9 or models
