A huge fire that has gutted much of a central market in Calcutta, India raged for a second day destroying the livelihoods of some 7,000 people and sparking fears it could bring down a 13-story building, officials said. The fire …
A judge in Tulsa is calling off former Oklahoma Insurance Commissioner Carroll Fisher’s tax-evasion trial that was to start Feb. 11. Associate District Judge Dana Kuehn says Fisher must have another preliminary hearing to determine if there is enough evidence …
Number of earthquakes magnitude 2.0 or greater in Ohio since 2000: 2000 – 4 2001 – 9 2002 – 3 2003 – 4 2004 – 3 2005 – 6 2006 – 16 2007 – 9 Source: Ohio Seismic Network
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) proposed $118,350 in penalties against Round Rock, Texas-based TECO-Westinghouse Motor Co. for the alleged failure to protect employees from safety hazards. The citation follows a fatality at the facility …
U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the same period, according to preliminary analysis …
Maine recorded four crashes involving trains and motor vehicles in 2007, Maine Operation Lifesaver said. It was the fewest since the nonprofit railroad safety organization started keeping records 20 years ago. The four crashes, one of them fatal, occurred at …
Workplace-safety regulators have cleared a construction company in a dynamite mishap that shattered windows, sent people running for cover and flung chunks of granite as far as a half-mile into a Westchester County, N.Y. neighborhood. Federal Occupational Safety and Health …
Risk Management Solutions gave details of the recent analysis it conducted for a securitization of windstorm risk in France. The securities were issued through Green Valley Ltd., a special purpose vehicle (SPV), and provide €200 million ($298 million) of collateralized …
Coface [Compagnie française d’assurance pour le commerce extérieur], a major guarantor of trade credit, announced that it has reached a cooperation agreement with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), to expand export risk coverage …
Risk Management Solutions (RMS) has released a 10-year retrospective report on the 1998 Ice Storm that devastated the Canadian provinces of Ontario and Quebec, as well as portions of the northeastern U.S., in January 1998. RMS notes that “despite the …