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

Supreme Court Lets Stand Dismissal of Agent Orange Lawsuits

The Supreme Court let stand Monday the dismissal of lawsuits by Vietnamese nationals and U.S. military veterans against Dow Chemical Co, Monsanto Co and other chemical makers over the use of the herbicide Agent Orange during the Vietnam War. Without …

Storm Damage to Kentucky Utilities Could Top $200 Million

Electric utilities smacked by two of the worst power outages in Kentucky history will have more bad news for weary customers: higher electric bills and no promises that it can’t happen again. Power companies were forced to spend millions on …

Documents Show Drug Maker Knew of Diabetes RIsks

Internal AstraZeneca reports and e-mails written by company officials show they knew a decade ago that their psychiatric drug Seroquel caused diabetes and major weight gain, plaintiffs’ lawyers said Friday after releasing dozens of the previously sealed documents. “They not …

Dozens of Car Windows Shot out in New Hampshire

Police in Rochester and Somersworth, New Hampshire are looking for vandals who have shot the windows out of dozens of vehicles with BB pellets. Police say at least 43 vehicles have been hit this week. Rochester police say someone has …

Airlines, Plane Maker Sued over Crash in Upstate New York

Relatives of a passenger killed when a commuter plane crashed on a house in New York state are suing Continental Airlines and the flight’s operators. The suit filed Thursday claims the plane had inadequate deicing equipment and an improperly trained …

Connecticut Alarm Company: Um, Sir? Your House Is on Fire

A Pomfret, Connecticut man was so engrossed with the tunes on his iPod that he didn’t realize his house was on fire — until his alarm company called. Pomfret Assistant Fire Chief Edward Bates says Andrew Riley told him he …

S&P Says Allianz Ratings, Outlook ‘Unaffected By 2008 Loss’

Standard & Poor’s Ratings Services has stated that its ratings and outlook on Germany’s Allianz SE (AZSE – rated AA/Stable/A-1+) and various core operating entities “are unaffected by the group’s announcement of a €2.4 billion [$ 3.023 billion] net loss …

AIG Reports $62B Loss for Q4; $99B for Year

American International Group Inc. posted a $61.7 billion fourth-quarter loss — its fifth consecutive quarterly loss and the biggest quarterly loss in corporate history. The quarter’s net loss of $61.7 billion compared to a 2007 fourth quarter net loss of …

Marsh Appoints O’Keefe Global Energy Claims Leader

Marsh’s London office reports that the insurance broker and risk adviser has appointed Paul O’Keefe as Global Claims Leader for its Global Energy Practice. In the newly created role he will co-ordinate all energy claims globally, while retaining his current …

Alleged Pennsylvania Arsonist Held until Trial

A teenager accused of setting a fire in an arson-plagued community in southeastern Pennsylvania will remain in federal custody until his trial. A federal judge ruled Friday there is enough evidence for the case against 19-year-old Mark Gilliam to continue. …