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

West Virginia Judge in Massey Case Again Accused of Conflict

A West Virginia judge is accused of “cronyism at its worst” in handling a lawsuit that claims Massey Energy poisoned hundreds of wells with coal slurry, and the angry plaintiffs are demanding he step aside for failing to disclose a …

Firefighters Make Progress on California Wildfires

Lighter winds and slightly cooler weather havehelped slow a wildfire in Inyo National Forest that forced the evacuation of several vacation homes and nine campgrounds. The 3,268-acre blaze was 70 percent contained as of Tuesday, July 21, as hand crews …

Federal Officials Take Over South Carolina Ammonia Leak Probe

Federal officials have taken over the investigation of an ammonia leak at a South Carolina chemical warehouse that killed a passing motorist. National Transportation Safety Board investigator Crystal Thomas said last week it could take months to figure out what …

FEMA, Cedar Rapids, Iowa, Disagree on Flood Damage Costs

Damage from last year’s record flooding in Iowa is estimated to be between $8 billion and $10 billion, and the total amount of federal disaster money allocated to the state is now more than $3 billion. Half of that amount …

Securities Class Actions Decline; More Target Foreign Firms

Federal securities class action activity declined in the first half of 2009, with a particularly significant decline in the second quarter. According to Stanford Law School Securities Class Action Clearinghouse and Cornerstone Research, a total of 87 federal securities class …

Insurance Adjusters Survey Damage from Colorado Storms

Colorado insurance adjusters are spending the morning surveying damage and answering phone calls from residents hit by storms that tore through Arvada, Lakewood, Englewood, Wheat Ridge and up through Ft. Collins the evening of July 20. Reports of golf ball-sized …

Best Affirms Ex-AIG Personal Lines Company Ratings; Outlooks Stable

A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of the operating insurance units of the former AIG Personal Lines Group, including the 21st Century Insurance Companies (collectively PAG). …

S&P Lowers Ratings on 6 Cat Bonds; Puts 4 on CreditWatch/Negative

Standard & Poor’s Ratings Services announced that it has lowered its ratings on six natural peril catastrophe bonds issued in 2007 and 2008, as listed below. The bulletin said: “We lowered our ratings by one notch to reflect the adjusted …

Judge: $145M Suit over Taser-Death Can Go to Trial

A federal judge in Baltimore has ruled that a wrongful death lawsuit can go to trial against Frederick County and the sheriff’s office in the death of a man who was shocked with a Taser in 2007. The family of …

Small Plane Crashes in Maryland Road; Pilot Unhurt

Maryland State Police say an 80-year-old man was able to walk away after the small experimental plane he was flying crashed on the median of a road. The plane came down on the median of Route 113 at Groton Road …