Monthly Archives: <span>February 2009</span>

West Virginia Elementary School Closes Over Safety Concerns

A private elementary school in Jefferson County in West Virginia forced to cancel classes because it doesn’t have fire alarms or sprinklers may soon have company. Jefferson County Health Department Administrator Amy Jones said Wednesday that her office plans to …

OSHA Cites Wisconsin Excavation Firm for Cave-In Hazards

A northern Wisconsin excavating company purposely risked workers to potential trench cave-ins and was cited for safety violations that carry nearly $700,000 in fines, the U.S. Occupational Safety and Health Administration said. A-1 Excavating Inc. of Bloomer received 11 citations …

Accidental Firings Leads Massachusetts Gun Maker to Recall Pistols

Massachusetts-based gun manufacturer Smith & Wesson Corp. is recalling certain pistols that could fire without the trigger being pulled. The gun maker said it was recalling all Walther PPK and PPK/S pistols that it manufactured from March 21, 2002, until …

Cooper Gay: Premiums Rise as Reinsurers Recover

Reinsurers have begun 2009 determined to wrest back the initiative from a period of softening rates and savagely declining investment returns. As a consequence, underwriters are increasingly being governed by the financiers dictating a return on capital and forcing through …

Gen Re to Pay $72M for Finite Reinsurance Transaction

General Re Corp., a reinsurance unit of billionaire Warren Buffett’s Berkshire Hathaway Inc., agreed to pay $72 million to settle investor claims about its role in a fraudulent transaction involving American International Group Inc. The settlement was announced Wednesday by …

California AG Sues to Block Fraudulent Workers’ Comp Scheme

California Attorney General Edmund G. Brown Jr. filed a lawsuit to stop the Contractors Asset Protection Association Inc. from engaging in what he called a “sophisticated and fraudulent scheme” to cheat the state workers’ compensation system. This lawsuit seeks a …

Appeals Court Supports Store Manager in Employee Safety Case

An Arkansas Appeals Court has upheld the ruling of the Arkansas Workers’ Compensation Commission that the night manager of a grocery story is entitled to workers’ compensation benefits for injuries sustained when he walked a 16 year-old employee to her …

Fertilizer Spill Prompts Hazmat Response in Las Vegas

Authorities have cordoned off an area of businesses and stores and closed a busy freeway interchange after a crash spilled a powdered hazardous material east of downtown Las Vegas. Firefighters and cleanup crews were at the scene, and city spokesman …

A Bruised Warren Buffett to Look Ahead in Annual Letter

Warren Buffett has some explaining to do. Berkshire Hathaway Inc, his insurance and investment company, is in the midst of one of its worst stretches since Buffett took over the company in 1965. Berkshire’s shares have lost close to half …

Colorado Slaying May be Linked to Insurance

Court records say a Greeley, Colo., man gunned down in front of his home last week may have been killed for his $110,000 life insurance policy, payable to his ex-wife. Two men, Cecil Erb and Justin Brunner, have been arrested …