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

U.S. Court O.K.s $183 Million Award in Accounting Case

A federal appeals court has upheld a $183 million malpractice award against accounting giant PricewaterhouseCoopers stemming from audits of a collapsed insurance company. The money will go to policy holders, claimants and other creditors of Ambassador Insurance Co., which was …

Homeland Security Department: FEMA Wasted Millions on No-Bid Contracts

The U.S. government wasted millions of dollars on four no-bid contracts it handed out for Hurricane Katrina work, including paying $20 million for a camp for evacuees that was never inspected and proved to be unusable, investigators say. A report …

Oregon Officials Say Fire-Damaged Buses O.K.

Orgon State health officials said there’s no evidence that children in the Salem-Keizer school district are being harmed by fire-damaged buses. A December 2006 fire destroyed seven buses and heavily damaged five others at the district’s garage. District officials said …

More Missouri Counties Qualify for Disaster Assistance

The Federal Emergency Management Agency says seven more Missouri counties qualify for disaster assistance because of flooding earlier this summer. Those who suffered damage from storms and flooding between June 1 and Aug. 13 can qualify for several types of …

Minnesota Man Injured While Setting Up for Disaster Drill

Authorities say a 43-year-old Detroit Lakes man was seriously injured while helping set up an emergency scenario for a disaster drill. The Becker County Sheriff’s Office said Michael Smith was pinned between a wrecker truck and a tree and had …

6 More Louisiana Parishes on “Major Disaster” List

Residents of six more Louisiana parishes are now eligible for financial help because of Hurricane Gustav. Senator Mary Landrieu’s office announced that Catahoula, Franklin, Grant, LaSalle, St. Helena and Washington parishes have been added to President Bush’s so-called “major disaster” …

Illinois Businessman Accused of Hiring Men to Burn Building

The owner of a Chicago pizzeria has been accused of hiring a street gang to set fire to a building he owned to collect on the insurance. Robert Didiana owns the Bacci pizzeria chain. Cook County prosecutors say he’s charged …

Like Ike, Insurance Exposures Along Texas Coast Are Massive

With a giant Hurricane Ike taking aim at the upper Texas coast, the value of insured property at risk is huge, according to the Insurance Information Institute. The total value of insured coastal property in Texas was more than $895 …

Hurricane Ike Idles Texas Oil Industry, Threatens Floods

Powerful Hurricane Ike bore down on the heart of the U.S. energy sector in Texas Friday, leaving most production idled and threatening a fifth of the nation’s refining capacity with howling winds and a possible 20-foot (6-meter) wall of water. …

State Offices Close in Advance of Ike in 2 SW Louisiana Parishes

Still recovering from Labor Day’s Hurricane Gustav, south Louisiana braced Sept. 11for a brush with Ike, a powerful hurricane on a projected course for the Texas Gulf Coast. Calcasieu Parish officials in Louisiana’s southwestern corner ordered a mandatory evacuation for …