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

North Carolina Booze it & Lose it Holiday Safety Campaign Planned

North Carolina state and local law enforcement officers will increase their presence during the Fourth of July holiday as part of the Booze It & Lose It: “Operation Firecracker” campaign, Gov. Mike Easley said. Checkpoints and stepped-up patrols will be …

West Virginia Disaster Aid Includes Hazard Mitigation Grants

The federal government approved disaster assistance for a majority of the West Virginia counties Gov. Joe Manchin requested after severe weather caused significant damage in the state from June 3 through June 7. The approval includes individual assistance for Barbour, …

P/C Insurers’ Underwriting, Investment Results Deteriorate in First Quarter

The U.S. property/casualty insurance industry’s net income after taxes fell to $8.2 billion in first-quarter 2008 from $16.2 billion in first-quarter 2007. Contributing to the $8 billion, or 49.3 percent, decline in net income in first-quarter 2008, the industry posted …

Vermont Needs to Find More Flood Damage for Federal Help

Vermont state and local officials need to find another $100,000 in flood damage to seek a federal disaster declaration to help repair damage in different parts of Vermont. And of that total, $63,000 has to be in Rutland County. But …

West Virginia Suit Seeks Damages from Builder, Subcontractors

Ten current and former homeowners in a Charles Town, W.Va. subdivision are suing a builder and subcontractors, claiming the company failed to install functional radon removal systems. In one instance, the homeowners contend the builder installed fake pipes to fool …

Tennessee-based Insurer Unum Group to Pay $5.55 Million Penalty

Chattanooga, Tennessee-based disability insurer Unum Group agreed to pay fines and penalties totaling $5.55 million for failing to report special fees paid to a San Diego-based insurance broker. Federal prosecutors in San Diego said in a statement June 23 that …

Girl, 3, Killed by Piece of Fence at Her New York Home

A 3-year-old girl is dead in suburban New York after a heavy piece of metal fencing toppled over and struck her on the head. Authorities say the girl was leaning against a deck at her house in Armonk Monday afternoon …

RMS Says One in Four UK Homes at Risk from Floods

According to Risk Management Solutions as many as one in four homes in the UK is at risk of flooding caused by excessive rainfall and overflowing rivers. RMS conducted a “spatial analysis of British properties – using high-resolution satellite imagery. …

XL to Aid China Quake Relief

Bermuda’s XL Capital Ltd. announced that it will be contributing to the disaster relief effort for those affected by the recent earthquake in Sichuan Province in China. The Company said it would “provide funds to rebuild a school and library, …

S&P President Calls for International Oversight of Credit Rating Agencies

Standard & Poor’s President Deven Sharma has issued a call for a globally coordinated approach to the oversight of credit rating agencies, in order to ensure consistency for investors and issuers operating in international markets. Sharma, speaking in London at …