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

Ohio Judge Says City Can Go Forward with Lead Paint Lawsuit

A federal judge dismissed a lawsuit filed by Sherwin-Williams Co. that sought to keep the city from suing the company to help pay for the cleanup of properties contaminated with lead paint. Sherwin-Williams failed to prove any imminent damages, and …

Alabama Students Say Teacher Grabbed Wheel of Out-of-Control Bus

The driver of a bus carrying 44 Alabama children on a field trip to Chattanooga’s Tennessee Aquarium passed out at the wheel, and a teacher’s quick actions kept the vehicle from careening into oncoming traffic, students said. Math teacher Amy …

Texas Orders Bogus Windstorm Inspector to Cease and Desist

The Texas Department of Insurance (TDI) issued an emergency cease and desist order against Gary Garza of Corpus Christi, Texas, to prevent him from submitting windstorm inspection reports under false pretenses. Garza, who is not a licensed engineer and has …

U.S. Insured Mortgage Defaults Up 38% in February

Defaults on privately insured U.S. mortgages rose 38.1 percent in February, as a growing number of homeowners failed to keep up with their loan payments. The Mortgage Insurance Companies of America Monday said 60,911 insured borrowers were at least 60 …

Some U.S. Homes Now Worth Less Than Their Copper Pipes

Shards of broken glass outside the basement window of 31 Vine Street (Brockton, Mass.) hint at the destruction inside the three-story home. Thieves smashed the window to break in and then gutted the property for its copper pipes — a …

Proposal Easing Lawsuits against Insurers Clears Minnesota House

The Minnesota House has approved legislation making it easier for consumers to sue their insurance companies over denied claims. The bill passed on a vote of 81-51 after it was changed to make it more like a Senate version that …

Key New Jersey Flood Prevention Measures Not Getting Funding

Several measures to stop flooding in the flood-prone areas of New Jersey’s Passaic and Bergen counties are stalled over funding problems. The Record of Bergen County reported for Sunday’s newspapers that many of the projects are at risk for lack …

Speaker Maker, Bus Companies Reach R.I. Club Fire Settlements

A speaker maker and two bus companies have agreed to pay a combined $1.3 million in tentative settlements stemming from a 2003 fire at a Rhode Island nightclub that killed 100 people, according to court papers filed last week. The …

Pet Cause: More Lawyers Training in Field of Animal Law

Fido is getting a new name — several, in fact: “plaintiff,” “trustee,” “beneficiary” and even “defendant.” Dogs, cats and creatures of all sorts are being redefined in an emerging area of legal practice known as animal law. Once considered mere …

Disaster Derivatives Set to Grow in 2008

With the United States bracing for big hurricanes this year, new derivatives to trade catastrophe risks offer insurers the extra protection they crave against multi-billion-dollar storms. Trading of “catastrophe derivatives” has begun on several exchanges, allowing insurers to hedge exposure …