Monthly Archives: <span>February 2013</span>

Judge Leans Toward Letting Jackson Suit in California Continue

A judge says she is inclined to allow a lawsuit by Michael Jackson’s mother against concert promoter AEG she claims is responsible for her son’s death to go to trial on a single claim. Superior Court Judge Yvette Palazuelos issued …

U.S. Cities in Front Line of Adapting to Extreme Weather, Rising Sea Levels

The signs of rising water are everywhere in this seaport city: yellow “Streets May Flood” notices are common at highway underpasses, in low-lying neighborhoods and along the sprawling waterfront. Built at sea level on reclaimed wetland, Norfolk, Virginia has faced …

Driving Stoned Bill Passes Colorado House Committee

A bill that sets the legal limit to just how “stoned” drivers in Colorado can be passed unanimously in the House Judiciary Committee on Tuesday. House Bill 1114 sets the limit for driving under the influence of marijuana at 5 …

PCI: Bill Protects Discounts for Alaska Insurance Consumers

Alaska insurance consumers will benefit if a measure under consideration is approved, according to the Property Casualty Insurers Association of America. SB 55 will clarify that discounts many insurers provide to consumers based on credit-based insurance scores can be applied …

Teen Driver Deaths Increased in First Half of 2012

Deaths of younger teen drivers increased sharply in the first six months of last year, reversing a decade-long trend, according to a report released Tuesday by state highway safety officials. Deaths of 16- and 17-year-old drivers in traffic accidents in …

Tennessee Court Reinstates Damages in Assisted Living Center Death

The Tennessee Supreme Court has reinstated a jury verdict against the management company of a Shelbyville assisted living center in a case involving the death of an 83-year-old woman. Records say Mable Farrar died after her colon ruptured when a …

Mississippi River Flood of 2011 Caused $2.8B in Economic Damage: Army Corps

The Mississippi River flooding of 2011 caused $2.8 billion in damage and tested the U.S. Army Corps of Engineers’ system of levees, reservoirs and floodways like never before, exposing vulnerabilities that need attention, a report said. The report from the …

Aspen Announces $150 million Accelerated Share Repurchase Program

Bermuda-based Aspen Insurance Holdings Limited announced that it has entered into an Accelerated Share Repurchase (ASR) agreement with Goldman, Sachs & Co. to repurchase an aggregate of $150 million of Aspen’s ordinary shares under an accelerated share repurchase program. Aspen …

Markel and Alterra Shareholders Approve Acquisition

Markel Corp. and Bermuda-based Alterra Capital Holdings Limited shareholders have voted in favor of all proposals necessary for the acquisition of Alterra by Markel, as announced in December 2012. Under the terms of the merger agreement, each Alterra common share …

AIR Worldwide Analyzes Potential Impact of Tropical Cyclone Rusty

Catastrophe modeling firm AIR Worldwide described Tropical Cyclone Rusty as having grown rapidly in intensity since its formation on Saturday. Although it is not expected to directly impact Port Hedland, Australia’s largest port for shipping iron ore, it is still …