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

Lawsuit Filed Over Rockford, Illinois Train Derailment

Environmental cleanup efforts in Rockford, Ill., are continuing following a fiery train derailment in June 2009 that leaked ethanol into surrounding soil and water, and killed one woman. Illinois Attorney General Lisa Madigan and Winnebago County State’s Attorney Joseph Bruscato …

Fewer Drunk Drivers on U.S. Roads; Concern Rises Over Drugged Drivers

A new roadside survey by the National Highway Traffic Safety Administration confirms a continuing decline in the percentage of legally intoxicated drivers. In 1973, 7.5 percent of drivers had a blood alcohol concentration (BAC) of .08 or higher. In the …

Ameriprise to Pay $17.3M in SEC Case

Ameriprise Financial Services Inc. on Friday agreed to pay more than $17 million to settle federal regulators’ charges that it failed to disclose nearly $31 million received for selling certain investments to its brokerage customers. Ameriprise did not admit or …

Man Pleads Guilty to Burning Pennsylvania Bridge

A northwestern Pennsylvania man faces up to 37 years in prison after pleading guilty to setting fire to a historic covered bridge and unrelated charges of shooting at an occupied car. Twenty-three-year-old Jeffrey Gleason, of Conneautville, will be sentenced Aug. …

West Virginians Have Received $11.8 Million in Disaster Relief Since May

The Federal Emergency Management Agency says it has provided $11.8 million disaster relief to West Virginians affected by severe storms, flooding and landslides in May. FEMA said that the U.S. Small Business Administration has provided another $3.5 million in low-interest …

North Carolina Revisits Fireworks Safety Law

The North Carolina Legislature soon will consider changing the law following a Fourth of July fireworks explosion on the Outer Banks that left four workers dead. Senate leader Marc Basnight’s office said legislation will be unveiled this week designed to …

3 Companes Cited in West Virginia Coal Miner’s Death

The federal Mine Safety and Health Administration has cited three companies for violations surrounding the death of a novice truck driver at a West Virginia coal operation. Danny L. Jones, 38, was thrown from an overloaded dump truck he was …

Florida Jury Finds Race Organizers Not Liable in Triathlete’s Death

A jury has determined that the organizers of the 2006 Florida Ironman were not responsible for the death of a 35-year-old Montana man who collapsed during the race. Barney Rice died three days after collapsing during the 1.2 mile swim …

S&P Raises Validus Outlook to ‘Positive;’ IPC Outlook Stays Negative

Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based insurance and reinsurance holding company Validus Holdings Ltd. to positive from stable, and has affirmed its ‘BBB-‘ counterparty credit rating on the holding company. However, in a separate bulletin …

Best Withdraws ‘Public Data’ Ratings on UK Insurance Companies

A.M. Best Co. announced that it has “withdrawn all public data (pd) ratings on UK insurance companies. Best last reveiwed the listed companies in December 2007. The financial strength ratings (FSR) and issuer credit ratings (ICR) of the following companies …