The Houston Astros filed an insurance claim on Jeff Bagwell’s contract, arguing that the four-time All-Star is too hurt to play. Bagwell is guaranteed $17 million this season, but by filing the claim, the Astros can recoup $15.6 million if …
A violent thunderstorm swept through neighborhoods in New Orleans hit hard by Hurricane Katrina, tearing off roofs, knocking down utility poles and collapsing at least one previously storm-damaged house early on Feb. 2, authorities said. No serious injuries were reported. …
A Virginia House committee this week advanced a bill that would impose criminal penalties on dog owwners whose pets injure a person. The bill, sponsored by Del. Robert D. Orrock Sr., is similar to a bill unanimously passed by the …
For the first time, the U.S. Energy Department plans to punish contractors who violate basic safety rules at the nation’s nuclear weapons plants. Currently the government can fine contractors if they expose workers to radiation hazards but cannot fine contractors …
An insurance company in New York accused the owner of the St. Louis Cardinals of making false claims about contamination on the land under the team’s new stadium and then demanding it pay much of the $14 million cleanup costs. …
Standard & Poor’s Ratings Services announced that it has revised the outlook to stable from negative and affirmed its “A” counterparty credit and financial strength ratings on Navigators Insurance Co. and its core subsidiary, NIC Insurance Co. (collectively Navigators). S&P …
As he has done for many years, Pennsylvania’s famous groundhog, Punxsutawney Phil, dutifully honored his Groundhog Day commitments by emerging from his borrow in Gobbler’s Knob Pa. on schedule. Phil reportedly saw his shadow, and thus indicated that the Eastern …
Since 2002, the average number of separate lawsuits associated with a single securities-related event – such as the collapse of Enron – has jumped 33 percent, and suits against underwriters, banks, brokers and law firms have skyrocketed, according to a …
Although more than 800 eligible applicants have already requested assistance for recovery projects, it’s not too late for other government agencies and private non-profit organizations damaged by Hurricane Katrina in Mississippi to apply, as they may still be eligible for …
The National Association of Home Builders (NAHB) told Congress Thursday it supports efforts to reform the National Flood Insurance Program (NFIP) to ensure that program’s long-term financial stability, but cautioned that any legislative proposals should not be an overreaction to …