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

West Virginia Supreme Court Hears DuPont’s Pitch for Appeal

In a case that’s caught the eye of Gov. Joe Manchin, West Virginia’s Supreme Court is being asked to accept an appeal of a nearly $400 million judgment against chemical giant DuPont. A Harrison County jury found that DuPont spent …

Federal Investigators Check Highway Under South Carolina Jet Crash

Federal investigators are examining the South Carolina road a Lear jet crossed before crashing shortly after takeoff at Columbia Metropolitan Airport, killing four people and injuring two popular musicians. On Sept. 23 National Transportation Safety Board spokesman Peter Knudson said …

Judge Sides with Polluted Kansas Town Over Big Oil

After three days of deliberation in one of the longest jury trials ever held in Kansas, a jury in January left residents in a southeast city stunned. The panel had decided that the city of Neodesha was not entitled to …

Southeast Coastal Storm to Bring Brisk Winds, Waves

Powerful winds promised to scour the Southeast coast with strong winds and heavy seas, though residents were taking the promise of 50-mile-an-hour gusts in stride. The National Weather Service issued high wind warnings for the coasts of North Carolina, Virginia …

West Virginia Judge Allows Aracoma Fire Suit to Continue

A West Virginia judge cleared the way for a wrongful death lawsuit to proceed against coal giant Massey Energy and Chief Executive Don Blankenship. The widows of miners Ellery Hatfield and Don Bragg want damages from Richmond, Va.-based Massey, two …

Aon Study Concludes Airline Insurance Market ‘Hardening’

A bulletin from Aon’s London office concludes that the airline insurance market “is hardening for the first time in five years, with a five percent increase in lead hull and liability premium between January and July in 2008.” Aon explained …

Zurich Makes Group Risk Management Appointments in Europe, U.S.

Zurich Financial Services has announced the following appointments within its Risk Management Group. Adrian Zweig (50, Swiss citizen), currently Head of Strategic Asset Allocation and Asset and Liability Management (ALM), has been appointed to the newly created position of Head …

Lloyd’s Six Month Profits Fall 47.5% to $1.76 Billion

Lloyd’s has reported interim results, which show a marked decline in profits for the first six months of 2008. Nonetheless, compared to what’s been happening in the global financial sector (where Lloyd’s has very little exposure), profits were better on …

Damages Limit at Issue in LA Train Crash

In the wake of the deadly train collision in Los Angeles, California’s U.S. senators are questioning a federal law that sets a $200 million limit on damage payouts to victims of a train crash. With 25 dead and more than …

Authorities: 1 Dead in Florida School Bus Crash

At least one person died after a tractor-trailer rear-ended a school bus in a “very serious” accident in north Florida, authorities said. Both vehicles caught on fire after the Sept. 23 accident. It was unclear if the fatality was a …