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

Midwest Flooding Not Over as Missouri Levee Breaks

A levee near Winfield, Missouri, that was holding back the flood waters of the Mississippi River broke early Friday morning, said the U.S. Army Corps of Engineers. The levee broke at its south end at 5:20 a.m. CDT (1020 GMT) …

Serious Head Injuries Up After Pennsylvania Nixes Biker Helmet Law

Serious head injuries among Pennsylvania motorcyclists have become more common in the five years since lawmakers repealed the law mandating helmets, according to a legislative study. Meanwhile, overall motorcycle crash and injury rates have fallen and the fatality rate has …

Newark Contractor Gets $7M from Insurer, $3.6M from City

The Newark City Council has approved a payment in settlement of a contract dispute with a contractor that built a city reservoir. This week the Newark City Council approved the payment of $3.6 million to Donald Durkin Contracting. Durkin will …

Nationwide Insurance Pushes to Include Flood Coverage in Home Policies

One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid costly litigation after disasters …

Flood Insurance, Public Aid Leave Gaps for Midwest Disaster Victims Looking to Rebuild

With federal aid limited and most homes damaged or destroyed by Midwest flooding lacking the proper insurance, states along the Ohio and Mississippi rivers will soon have to help homeowners recover, according to the nation’s No. 1 disaster official. “There’s …

New York Says Many 9/11-Injury Plaintiffs Not Seriously Ill

Many of the thousands of people who have gone to court for illnesses stemming from the 2001 terror attacks don’t have serious health problems, lawyers for New York City claim in court papers. About 10,800 plaintiffs claim to suffer from …

Ex-NFL Player Wins $33.6M Verdict over Insurance Money

The business partners of former Baltimore Ravens player Michael McCrary have been ordered to pay him $33.6 million for secretly keeping millions of dollars in insurance proceeds from a New Orleans condominium project. Visiting Judge Paul Alpert made the award …

Cat Bond Sales Seen Slowing

Catastrophe bonds, which allow investors to make bets on disaster, have thrived in recent years, but a number of factors are seen cooling this obscure part of the debt market in 2008. The growth of catastrophe, or “cat,” bonds has …

Blair Urges G8 Pact to Halve Greenhouse Gas Emmission by 2050

Former British prime minister Tony Blair urged the Group of Eight rich nations on Friday, June 27, to agree to a global goal of halving greenhouse gas emissions by 2050, despite signs top carbon emitter the United States would not …

700 Fires Still Burning in California

Firefighters scrambled Wednesday, June 25, 2008, to tame a lightning-sparked wildfire in the Los Padres National Forest that already burned 16 homes and is moving closer to the scenic community of Big Sur, where it threatens another 500 residences. The …