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

68 Homes Destroyed after 15 Weekend Tornadoes Pummel South Carolina

It took just three seconds for John Simmons and his family to lose their home in one of at least 15 tornadoes that swept across South Carolina last weekend. On March 15, as winds downed trees and ripped the roof …

Mississippi Also Affected by Weekend Storms, Business Destroyed

High winds destroyed a home and a business in Mississippi’s Prentiss County March 14 and caused major damage to two other structures. A Mississippi Emergency Management Agency spokesman said March 15 that it’s not clear if the damage was caused …

Ratings Recap: Travelers, Am. Capital, Fairmont, Univ. American, Fireman’s Fund (Mo.), ACE (Ill.) CIGNA, Conseco

Fitch Ratings has affirmed its ratings on The Travelers Companies, Inc (TRV). as follows: –Issuer Default Rating (IDR) ‘A+’; –Senior unsecured notes ‘A’ –subordinated notes ‘A-‘; –Insurer financial strength (IFS) on insurance company subsidiaries at ‘AA’. The outlook on all …

For W.R. Berkley, Exiting Personal Lines Proved ‘Great’ Decision

The decision by his company more than a decade ago to exit personal lines was a “great” decision, says William R. Berkley, founder of W.R. Berkley Corp. “[W]e decided that the political arena for personal lines was going to get …

Minn. Governor Says Special Cases among 35W Victims Should Get More

Gov. Tim Pawlenty is contemplating extra aid for the worst-hurt bridge collapse victims. Pawlenty told The Associated Press on Monday that he still supports a $400,000 limit on compensation for individual victims of the Interstate 35W bridge disaster. That’s the …

Tornadoes Damage 25 Homes in 2 Alabama Counties

Weather officials in Alabama confirmed that storm damages in Blount and Cherokee counties were caused by two tornadoes. The March 15 tornadoes packing 115 mph winds, caused no injuries or deaths, the National Weather Service said Sunday. In Blount County, …

Crash of Military Training Flight under Investigation in Alabama

The Navy says Marines from Maryland and Florida were killed when their plane crashed into an Alabama mountain during a training flight. Instructor pilot Maj. David Yaggy, 34, of Sparks, Md., and 2nd Lt. Alexander Prezioso, 23, of Lake Worth, …

2.4 Million Magnetic Toys Recalled

Toy distributor Mega Brands Inc. recalled about 2.4 million Chinese-made toys because small magnets could fall out and cause internal damage to children who might swallow or inhale them. If more than one magnet were to be ingested, they could …

Insurers Settle Lawsuits over Philippines Crash for $165M

Insurance companies have agreed to pay $165 million (euro104.63 million) to settle lawsuits brought by relatives of those killed in a 2000 plane crash in the Philippines, lawyers for the families said. The families of about 100 of the 131 …

City Officials in Oklahoma Seek More State Money for Roads, Bridges

Oklahoma municipal leaders have asked state lawmakers to support increasing state funding for transportation projects in cities and towns and said crumbling roads and bridges pose a public safety threat in local communities. Mayors and police and fire chiefs from …