Monthly Archives: <span>March 2010</span>

Best Affirms RenRe Holdings, Operating Companies Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Renaissance Reinsurance Ltd. and Renaissance Reinsurance of Europe, which is headquartered in Dublin, Ireland. Best also affirmed the ICR …

Chile’s Mines and Refineries Escape Damage from Aftershocks

Chile’s mining and refinery sectors escaped damage Thursday as a series of powerful aftershocks rocked the world’s largest copper producer in the wake of one of the biggest earthquakes ever recorded. Chile’s Codelco and global miner Anglo American said all …

Virginia Woman Sues State over Son’s Drowning at Park

A Pittsylvania County woman whose son drowned at Smith Mountain Lake State Park has filed a $15 million lawsuit against the state and several other defendants. Dora Mae Henley’s lawsuit claims the death of her 12-year-old son, Marvin Strickland, was …

U.S. Weighs ‘Black Box,’ Brake Override Mandates For All Cars

U.S. safety regulators are weighing whether to make “black boxes” mandatory for all new vehicles in response to recent unintended acceleration problems in Toyota Motor Corp. vehicles. National Highway Traffic Safety Administration chief David Strickland told a congressional hearing the …

New York’s ‘Ground Zero’ Workers Reach Settlement with Insurer

Thousands of workers who suffered health problems after the Sept. 11 attacks in 2001 have reached a settlement worth up to $657.5 million with an insurer representing the city of New York, city officials and lawyers said Thursday. Thousands of …

New York to Deactivate Street Fire Alarm Boxes

The fire department is preparing to deactivate its 15,000 street alarm boxes throughout New York City to save money and eliminate the thousands of false alarms triggered when the buttons are pushed. Fire Commissioner Salvatore Cassano told the City Council …

Federal Study of Fatal 2007 South Carolina Sofa Store Fire Not Ready

A complex federal study of a fire that killed nine South Carolina firefighters, already delayed by months, is still months from completion, authorities said. The National Institute of Standards and Technology in Gaithersburg, Md., is studying the June 18, 2007, …

Kentucky Contractor Cited Over Miner’s Death by Drowning

A Kentucky company has been accused of a regulatory violation that federal investigators say contributed to the drowning of a truck driver in a mining accident. A Mine Safety and Health Administration report says Lexington, Ky.-based Hawkeye Contracting was cited …

NHL Managers Looking for Ways to Deal with Serious Head Injuries

NHL general managers are trying to find a way to deal with serious head injuries. “I think we all care about the safety of our players, first and foremost,” Philadelphia Flyers general manager Paul Holmgren said. “I think there’s been …

Aftershocks Rattle Chile, as New President is Sworn In; RMS Analysis

Sebastian Pinera’s inauguration as Chile’s new president was accompanied by a blunt reminder of the peril the country faces from earthquakes as two large aftershocks struck just before the ceremony According to a preliminary analysis from Risk Management Solutions a …