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

Study Prompts Update of Virginia Evacuation Plan

State agencies are updating Virginia’s hurricane evacuation plan based on the preliminary findings of a federal study that paints a “worst-case scenario.” The study by the U.S. Army Corps of Engineers began in 2000. It found that more people than …

Insurers Could Pay Up to $730 Million to Cover Costs of PCB Cleanup in Wis.

Nine insurance companies should cover the costs assessed to the former Appleton Papers Inc. for cleanup of the industrial chemical PCBs in the Lower Fox River, a jury decided Monday. After a five-week trial, the jury took just four hours …

FEMA Changes Appeals Process for Hurricane Rebuilding Projects

State and federal officials touted changes to the process for Louisiana communities to appeal decisions by the Federal Emergency Management Agency on funding to rebuild schools, roads, hospitals and other infrastructure damaged by hurricanes Katrina and Rita. The FEMA recovery …

Fire in San Francisco Apartment Building Displaces at Least 59

Dozens of people are waking up in a Red Cross shelter after a fast-moving fire roared through an apartment building in San Francisco’s Mission District. Authorities say at least 59 people were displaced after the fire that began in the …

Fire Damage Estimated at $20 Million for D.C. Apartments, Church

D.C. fire officials said a fire that tore through a Mount Pleasant apartment building and a church next door caused at least $20 million in damage. The apartment building has been shored up, and investigators continue to work at the …

Glenn Pomeroy New Director of California Earthquake Authority

Glenn Pomeroy, former North Dakota insurance commissioner, has been hired as the new director of the California Earthquake Authority. The Sacramento-based authority provides earthquake insurance coverage to California homeowners and suggests ways to reduce the risk of earthquake loss, an …

Marsh Schedules Workshops on UK Corporate Manslaughter Act

Marsh announced that it is undertaking a series of workshops around the UK to provide business leaders with the skills and information they need to manage their risk and insurance responsibilities under the Corporate Manslaughter and Corporate Homicide Act 2007, …

S&P Says Allianz SE Ratings ‘Not Affected’ by Dresdner Separation

Standard & Poor’s Ratings Services said that its ratings and outlook on Germany’s Allianz SE (AZSE) [currently ‘AA’/Stable/’A-1+’] and related entities “are not affected by the group’s plans to separate the wholesale and retail-banking businesses of its Germany-based banking subsidiary …

Connecticut Insurance Firm Owners Accused of Laundering $10M

Federal agents have arrested the owners of a Danbury , Connecticut insurance firm, accusing them of laundering nearly $10 million. Renata Amaral and Monica Teixeira are accused of laundering the money between Brazil and the United States in black market …

NASA Report Finds Arctic Sea Ice Still ‘Thin’ Despite Cold Winter

NASA has released the findings from its most recent satellite observations, which, taken in conjunction with other reports, confirms that “the Arctic is still on ‘thin ice’ when it comes to the condition of sea ice cover in the region. …