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

Iowa City Votes Down Purchase of Earthquake Insurance

City leaders in Johnston, Iowa have decided against earthquake insurance in the wake of two tremors this spring in Illinois and Missouri. The City Council on Tuesday, May 20th rejected spending $4,000 a year for an earthquake policy with a …

Ohio Woman Gets $20 Million over Baby Stuck in Birth Canal

An Ohio jury has awarded more than $20 million to a woman whose baby was stuck in her birth canal for 13 hours. On Monday, May 19th, a jury found doctors negligent for trying to push Heather Grow’s 9-pound baby …

Kansas Study: Wednesday Riskiest Day of the Work Week

A study of workplace accidents in Kansas shows that Wednesday is the most dangerous day to be at work. A 2006 survey by the Kansas Department of Labor found that 2,050 of workplace injuries that required time off happened on …

Study: High Prescription Drug Costs Help Lower Other Medical Costs

While more than $216 billion is spent on prescription drugs every year, the upside to this high tab is that prescription drugs have contributed to decreases in more expensive hospital care and physician services. As prescription drug costs, representing 10.3 …

Nobel Peace Prize Winners Honor Catastrophe Model Pioneer Clark

Karen Clark, who developed the first hurricane catastrophe model, has been recognized by a climate change group that won the 2007 Nobel Peace Prize. Clark, president and chief executive officer of Karen Clark & Co. in Boston, has been honored …

N.J. Mandates Safety Reviews for Facilities with Hazardous Chemicals

For many visitors, the first glimpse of New Jersey is a string of industrial plants and refineries in a sea of yellow light along the Turnpike. With the state’s most hazardous chemical facilities so close to its most traveled routes …

Mass. Halts Amusement Park Ride

Public safety officials have ordered operators of the Yo-Yo amusement ride to stop using the equipment in Massachusetts until a state inspector can examine it. The move by the state Department of Public Safety follows an accident on a Yo-Yo …

Delaware County Pays Legal Fees for Plaintiff in Development Case

Kent County (Delaware) Levy Court commissioners have voted to spend more than $32,000 to pay the legal bills for the plaintiffs who defeated new restrictions on development in the county’s coastal zone. The county’s insurance carrier will pay the plaintiffs …

Chubb Establishes $1 Million Fund for Asia Disaster Relief

The Chubb Corp. said it has established a $1 million fund for disaster relief efforts related to the Myanmar cyclone and China earthquake. Chubb said it would contribute $500,000 directly to the American Red Cross for relief efforts connected to …

RMS Launches New Catastrophe Modeling Analysis Service

Risk Management Solutions (RMS) has unveiled its new RMS RiskAnalytics operation, which provides a team of highly skilled analysts to perform catastrophe modeling activities as a seamless extension of a company’s in-house department. RMS said, “Pembroke Syndicate 4000, a leading …