Southeast News

Florida Study Finds Recreational Fishermen Lost $585M in Gulf Oil Spill

Recreational anglers who normally fish in the Gulf lost up to $585 million from lost fishing opportunities in the year of the Deepwater Horizon oil spill and could be entitled to compensation, according to a new University of Florida study. …

Accountants to Face Malpractice Claims in Alabama’s Colonial Bancorp Failure

Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a federal judge has ruled. Filed in …

How Strong Is Florida’s ‘Revived’ Homeowners Market?

As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state insurance companies with an unproven record of …

Burns & Wilcox Brokerage Opens Atlanta Office, Hires 3 Brokers

Burns & Wilcox Brokerage has opened an office in Atlanta and hired three specialty property brokers for the new location. The new hires are Barry Whitton, managing director; Brent Lazenby, broker; and Thad Crane, broker. Whitton will lead the new …

Judge Worried Freedom Industries to Abandon Chemical Spill Cleanup

A bankruptcy judge is concerned that a chemical company may abandon the site of a massive January spill without cleaning it up. Judge Ronald Pearson expressed the concern in an order filed last Friday in U.S. Bankruptcy Court in Charleston. …

West Virginia Nixes Special Session on Storage Tank Rules

West Virginia Gov. Earl Ray Tomblin plans to use administrative fixes instead of a special session to adjust a law regulating above-ground storage tanks. On Monday, Tomblin’s top environmental official spelled out a three-tiered system for how tank owners can …

Oil Trains Passing Through Kentucky on Regular Basis

Freight trains loaded with volatile crude oil crisscross seven Kentucky counties on a weekly basis, carrying loads that emergency management officials in the state know little about. As many as five CSX Corp. trains carry oil from the upper Great …

Florida Approves Rate Cuts for Citizens Property Customers

Florida’s insurance regulator has approved rate decreases for policyholders of Citizens Property Insurance Corp. The approval means for the first time in five years a majority of the state-backed insurer’s 998,800 policyholders will see rates go down on average. Florida …

Lighthouse Insurance Expands Homeowners Program to North Carolina

Beginning in November 2014, Lighthouse Property Insurance Corp. will offer homeowners insurance and flood insurance throughout North Carolina. While Lighthouse will debut in the state with only homeowners and flood, it expects to introduce a dwelling fire product in 2015. …

University of Kentucky to Study Workplace Safety in Appalachia

A center at the University of Kentucky is receiving a five-year, $5 million grant to improve occupational health and safety in central Appalachia and Kentucky. UK said the region reports higher rates of occupational injuries and fatalities than the rest …

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