Monthly Archives: <span>October 2007</span>

Lack of Funding Halts Buyout of Homes in Okla. Superfund Site

The panel in charge of a federally funded buyout of homes located within the Tar Creek Superfund Site in Oklahoma has stopped making offers to homeowners because of a lack of funding, an official said. The Lead-Impacted Communities Relocation Assistance …

British Petroleum to Pay More Than $370M for Violations in U.S.

British Petroleum and several of its subsidiaries have agreed to pay approximately $373 million in fines and restitution for environmental violations, the U.S. Department of Justice announced. The sanctions stem from a fatal explosion at a Texas refinery in March …

U.S. Attorney Seeks Computer Hard Drive in Mississippi Katrina Probe

An engineering firm that helped adjust insurance claims on the Gulf Coast after Hurricane Katrina is seeking to block an employee’s computer hard drive from being turned over to a federal grand jury in Mississippi. Forensic Analysis & Engineering Corp. …

State Farm Study Shows 6 Midwestern States in Top Ten for Deer Crashes

A study by an Bloomington, Ill.-based State Farm Insurance says Iowa is fifth in the nation when it comes to the likelihood of a motor vehicle hitting a deer. State Farm Insurance based its rankings on claims data from the …

Minn. Records 400 Traffic Deaths in 2007

Traffic safety officials say Minnesota is on pace this year to exceed last year’s total number of road deaths. So far, more than 400 people have died on Minnesota roads in 2007. Last year, the state didn’t reach 400 traffic …

Pennsylvania’s Medical Malpractice Costs Dropping, Says Gov. Rendell

The amount of money paid by a state medical malpractice insurance fund will decline for a fourth straight year, a sign that the state’s malpractice problem is improving, Gov. Ed Rendell said. The Medical Care Availability and Reduction of Error …

Study Suggests Closing 6 of 29 Pittsburgh Fire Stations

A study paid for by the state board that oversees Pittsburgh’s finances suggests closing six of the city’s 29 fire stations. The draft report says the stations should be closed over the next decade, but only if the city first …

Earnings Recap: ACE, Arch, Everest Re, Montpelier Re, PartnerRe, Transatlantic Re, Willis

A number of international companies have recently published their earnings results for the third quarter of 2007 and the first nine months of the year. Highlights of these reports – in alphabetical order – are as follows. For the complete …

Most Evacuees Returning Home, Industry Surveys Damage

Many evacuees from the Southern California wildfires are being allowed to return to their homes, even while nine fires remain burning. According to the National Interagency Coordination Center, 416,511 acres have burned thus far, 197,970 from the Witch Fire in …

Insurers Rebut Claims Policies Will Be Cancelled Due to Wildfires

Insurance industry associations in California are hoping to quell concerns stirred up they say by the media and politicians that indicate homeowners’ policies would be cancelled because of the wildfires. The Association of California Insurance Companies, Personal Insurance Federation of …