Monthly Archives: <span>February 2008</span>

Bridge Victim Fund Sparks Lively Debate in Minn. Legislature

The sharpest debate so far over paying victims of the Interstate 35W bridge collapse broke out recently as a House panel unanimously backed a compensation fund and sent it on for more hearings. With survivors listening in the hearing room, …

California Firm Recalls 143 Million Pounds of Beef

Hallmark/Westland Meat Packing Co., a Chino, Calif., establishment recalled approximately 143 million pounds of raw and frozen beef products that the Food Safety and Inspection Service (FSIS) determined to be unfit as human food. FSIS found evidence the establishment failed …

Farm Losses from Tennessee Tornadoes Top $29 Million

Agriculture officials say storm-related farm losses in Tennessee’s Macon County could surpass $29 million. The county’s livestock and tobacco industries were particularly hard-hit by the tornado that claimed at least 13 lives in Macon and 18 more across the state. …

500+ Died in ATV Accidents in 2006, Numbers May Climb

At least 555 people — including more than 100 children — died in all-terrain vehicle accidents in 2006. Government safety officials expect the number to go much higher as they receive information from coroners and hospitals nationwide. The Consumer Product …

Ariz.’s Napolitano Defends Highway Photo Radar Proposal

Gov. Janet Napolitano on Wednesday brushed off criticism of her plan to deploy automated speed enforcement cameras on Arizona highways, saying it makes sense both for public safety and to pay for important state spending. Besides, Napolitano said, “if you …

See’s Candies Recalls 16-Ounce Bags of Semisweet Chocolate Chips

See’s Candies is recalling 16-ounce bags of its semisweet chocolate chips. The company said the candies may contain undeclared traces of milk. People with severe milk allergies are warned that eating the candies can result in serious or life-threatening allergic …

Ratings Roundup: Mapfre, Platinum, China(Macau), Coastal Medical

A.M. Best Co. has affirmed the issuer credit rating (ICR) of “a” of Mapfre S.A. (formerly Corporacion Mapfre S.A., the holding company of Spain’s Mapfre Group) and the ratings of “a” on the €275 million ($403.5 million) 6.02 percent senior …

Monte Carlo Hotel-Casino Fire Loss Estimated to be Near $100 Million

A fire that sent gamblers fleeing from the Monte Carlo hotel-casino on the Las Vegas Strip in January will cost close to $100 million in repairs and lost business, casino operator MGM Mirage Inc. said. The company has insurance, but …

Idaho House Passes UIM Rejection Notice Bill

The Idaho House passed legislation (HB 429) on Wednesday that requires auto insurance policies provide underinsured motorist coverage unless the policyholder signs a form specifically rejecting the coverage. HB 429 would mandate insurers provide underinsured motorists coverage matching the state’s …

S&P Takes Rating Actions –’Mostly Negative’- on U.S. Mortgage Insurers

Standard & Poor’s Ratings Services has issued a blanket bulletin outlining the rating actions, which it notes are “mostly unfavorable,” on several U.S. mortgage insurers and their core and dependent foreign subsidiaries. “These changes resulted from a reassessment of our …