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

Update: Eastern North Carolina Wildfire Nearly out; Firefighters Leave

A wildfire that has burned more than 62 square miles of eastern North Carolina forests and fields is nearly extinguished and firefighters are wrapping up operations, a spokesman said Aug. 5. Fire managers have sent scores of people back to …

Credit Crunch Cripples European Insurers’ Profits

The global credit crisis tore a hole in the profits of some of Europe’s top insurers on Thursday, with AXA and Aegon both posting lower earnings. Share reactions were mixed across Europe. The DJ Stoxx European Banking Index fell 0.6 …

AIG’s Net Loss for Q2: $5.36 Billion; Conference Call Today, Details

American International Group confirmed analysts’ worst forecasts, as it posted a net loss for the second quarter of 2008 of $5.36 billion or $2.06 per diluted share compared to net income of $4.28 billion or $1.64 per diluted share for …

Global Writedowns, Credit Losses Near $350 Billion

Questpro Consultants and Q-TEMPS Announce a New Vice President of Sales and a New Q-TEMPS Vice President

Questpro Consultants and Q-TEMPS , Sister companies known as the “Premier Insurance Recruiting and Staffing companies”, are pleased to announce, that they have hired Debbie Hubbell as their new Vice President of Sales for the United States. In addition, Toni …

Two New York City Window Washers Die in Accident

New York City police say two men washing windows at a building in downtown Manhattan were killed when the vehicle carrying their lift tipped over. Detective John Sweeney says the accident occurred early Tuesday at the World Financial Center, just …

Louisiana Citizens Rate Increase Delayed

Those who hold insurance policies through Louisiana Citizens Property Insurance Corp. won’t see rate increases for at least two months because the agency can’t get a quorum on its board to approve the measure. Premiums had been scheduled to start …

Effort Launched to Replace Oklahoma Church

Fundraising went under way to build a new community center to replace a 102-year-old church that was destroyed in a fire. The building in McClain County about 30 miles south of Oklahoma City was the former church of Jerusalem, a …

Wyoming Wildfire Moving into Thinner Fuels

A wildfire burning near Yellowstone National Park in northern Wyoming was reaching areas with fewer trees Tuesday, but shifting winds may yet pose problems for firefighters. The Gunbarrel Fire was burning about 40 miles west of Cody. It has burned …

Vintage Military Plane Crashes Near Colorado Airport

Two people are hurt after a small, vintage military plane crashed near Erie Municipal Airport in Colorado. The crash sparked a small grass fire when the plane went down about 10 a.m. Chief Randy Templeton of the Mountain View Fire …