Yearly Archives: <span>2008</span>

After 3-Year Lull, Mississippi, Alabama Gird for New Hurricane Season

After Hurricane Katrina struck the upper Gulf Coast in 2005, even grizzled storm veterans became edgy when the opening of hurricane season rolled around. Blue tarps covering Katrina-damaged homes are far fewer now, but as the third storm season since …

Safety Summit Follows Deadly NYC Crane Collapse

New York City Buildings Department officials gathered for an emergency safety summit Saturday after the city’s second deadly crane collapse in recent weeks, while lawmakers warned of dangers in New York’s building boom — especially the 250 cranes still up …

State Insurance Regulators Approve Municipal Bond Credit Rating Reform

State insurance regulators and their National Association of Insurance Commissioners (NAIC) moved forward this weekend with a regulatory response that they hope will help the municipal bond market by reducing pressure on insurance companies to sell bonds insured by downgraded …

3 Homes, 800 Acres Burned in Southwest Florida Fire

A fire that officials say is “highly suspicious” has burned three homes in southwest Florida. The blaze consumed more than 800 acres in Golden Gate Estates near Naples, which is on Florida’s southwest coast. The fire began May 29 and …

Three Attorneys Named to Award Aid to Minnesota Bridge Collapse Victims

Three Twin Cities lawyers make up a special panel determining how much state money victims of the Interstate 35W bridge collapse will get. Minnesota Chief Justice Russell Anderson has appointed Susan Holden to chair the special masters panel that will …

After NYC Collapse, Experts Say Cranes Aren’t Tested Enough

The towering cranes that build America’s skyscrapers are often not properly inspected for wear, fatigue and other potentially dangerous structural problems, several construction safety experts said following a deadly accident in New York. Two construction workers died Friday when the …

MetLife to Split Off Its 52% Stake in Reinsurance Group

MetLife Inc, the largest U.S. life insurer, said Monday that it would divest its 52 percent stake in Reinsurance Group of America Inc . Under the multi-step transaction, MetLife said Reinsurance Group would recapitalize its common stock into two classes. …

Vermont Requires Photoelectric Smoke Detectors in 2009

Two years after a fire killed five people in Barre, a new law aimed at preventing similar tragedies is in place in Vermont. Signed by Gov. Jim Douglas, the law requires the installation of photoelectric smoke detectors in new homes …

Florida-based First Guard Reduces Driver Error Claims By 25%

Venice, Fla.-based truck insurer, First Guard Insurance Co., reduced driver error claims by 25 percent through underwriting improvements, according to company officials. After observing an upward spike in claims during the fourth quarter of 2007, First Guard focused attention on …

Trial for Suspect in Murder of Mass. Insurance Agent Scheduled

The murder trial of a Waltham, Massachusetts, man accused of hiring a hit man to kill his estranged wife’s boyfriend is scheduled to start next week. James Brescia is accused of hiring ex-convict Scott Foxworth to murder his wife’s boyfriend, …