Articles by Phil Wahba

Survivors of Quebec Train Crash to File Class Action Lawsuit

Two residents of the Quebec town of Lac-Megantic, where a runaway train derailed and exploded into a wall of fire that killed 50 people, have launched a class action lawsuit to win compensation for the small community. The plaintiffs, Guy …

Railroad at Center of Quebec Town Tragedy and Heart of its Recovery

It was a runaway train that caused this month’s deadly inferno in Lac-Megantic, but the Canadian town’s leaders, business owners and many of its residents see the railway as crucial to their survival and want it operating again as soon …

Sandy Could Force 250,000 Cars to Scrap Heap

Superstorm Sandy may consign as many as a quarter of a million new and used cars and trucks to the scrap heap, a loss that could eventually lead to a spike in new auto sales, automakers and dealers said. So …

U.S. Retailers Report Rise in Organized Crime, Cargo Theft

Sophisticated technology, less staff at stores and more gang activity are all contributing to more U.S. stores being hit by organized crime, according to a survey by an industry group. Of 129 retailers, primarily national store chains, surveyed this spring …

Successful IPO by Insurance Firm Verisk Analytics Stirs Hopes for More

Verisk Analytics Inc., an insurance services firm that owns ISO and is partly owned by Warren Buffett’s Berkshire Hathaway, soared in its first day of trading Wednesday, and stirred hopes that the appetite for such offerings is warming. Shares of …

ISO Parent Verisk Analytics Raises $1.88 Billion in IPO

Insurance risk specialist Verisk Analytics Inc. raised $1.88 billion Tuesday in the biggest IPO by a U.S. company since March 2008 after pricing its shares at a higher-than-expected $22 each. The sale of the shares, which had been expected to …