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

Nagin: FEMA Trailer Plan Would Cause ‘Second Great Displacement’

A plan to move people living in trailers to apartments and hotels because of concerns about formaldehyde fumes will not work and will lead to a “second great displacement” of New Orleans residents, the city’s mayor said. There simply isn’t …

W. Va.: Survivor and One Victim’s Family Settle Sago Mine Lawsuits

Randal McCloy Jr., the lone survivor of the Sago Mine disaster of 2006, and the family of one victim have settled lawsuits in West Virginia against the mine’s owner. Lawyers for McCloy and the estate of David Lewis would not …

Mitsubishi Ordered to Pay $11 Million after Rollover Accident

A jury has ordered Japanese automaker Mitsubishi Motors to pay $11 million in compensatory damages to a couple whose son died after being partially ejected from a sport utility vehicle. Attorneys for Donna and Peter Laliberte of Maine argued that …

Wis. Senate Passes Bill Requiring Insurers to Cover Autism

Insurance companies would be required to cover autism under a bill that passed the state Senate but probably will not go further. Gov. Jim Doyle has been a strong advocate of the proposal, which passed under a bipartisan 25-8 vote. …

Wash. House OKs Flood Aid

Washington’s House has unanimously approved millions in flood-prevention projects in the Chehalis River basin. The measure appropriates $50 million for the state and local share of a major flood project, including levees to protect Interstate 5 in Lewis County. Up …

Boston Extends Deadline for 57 Nightclubs to Install Sprinklers

Dozens of bars and nightclubs in Boston are being given more time to comply with state regulations requiring fire sprinklers. The fire department had warned owners of these establishments in November that if they did not install sprinklers within two …

N.H. Fire Marshal Warns on Recalled Gas Heaters

New Hampshire’s fire marshal is drawing attention to a recall of several models of direct vent wall furnaces that are commonly used in vacation homes, cottages and one-room additions. William Degnan says the heaters, made by Rinnai America Corp. of …

Best Holds Stable Reinsurance Outlook

A.M. Best Co. has issued an analysis of the global reinsurance sector, indicating that it will maintain an overall “stable outlook” for 2008 for the second consecutive year. “The affirmation of the sector’s outlook reflects generally strong balance sheets, continued …

AXA Earnings: Net Income up 11% to $8.55 Billion; Conference Call Today

France’s AXA Group reported strong results for 2007. The earnings release cited the growth in underlying earnings up 27 percent to €4.963 billion [$7.5 billion] (up 15 percent on a comparable basis). Adjusted earnings up 22 percent to €6.138 billion …

Earthquake Strikes England; No Deaths Reported, Initial Damages $20 Million

The British Geological Survey (BGS – http://www.earthquakes.bgs.ac.uk/) recorded an earthquake with a magnitude of 5.2 (ML) on the Richter scale near Market Rasen, Lincolnshire at 00:56 GMT, yesterday, Feb. 27. While mild by global standards, earthquakes are relatively rare in …