Monthly Archives: <span>March 2011</span>

Company Faces $300M Penalty in Pennsylvania Pollution Suit

GenOn Northeast Management Co. is liable for fouling the Conemaugh River with metal discharges from a power plant in Indiana County since 2005, a federal magistrate has ruled, opening the door to a maximum civil penalty of more than $300 …

Two Hurricane Names Retired

Hurricanes Igor and Tomas are no longer a threat. The World Meteorological Organization has retired the two names from those used in 2010 because of the damage they caused. Names are retired from time to time to avoid confusion. There …

IBM Pays $10M to Settle Foreign Corrupt Practice Complaint

IBM has agreed to pay $10 million to settle a complaint its employees bribed South Korean and Chinese officials with cash, gifts and entertainment in return for business for more than a decade. The U.S. Securities and Exchange Commission alleged …

Inspector Faked Safety Report on South Carolina Kids’ Train That Crashed

A South Carolina safety inspector admitted he never tested a children’s train ride that derailed over the weekend, killing a 6-year-old boy and injuring dozens of others, state officials said. Authorities have not said exactly what caused the train to …

Munich Re Estimates Japan Quake, Tsunami Claims over $2 Billion

Munich Re announced that it has estimated its claims burden from the earthquake and tsunami in Japan at around €1.5 billion [$2.128 billion], after retrocession and before tax. As a result Munich Re said its “profit target of around €2.4 …

Calif. Public Employee Surrenders in Insurance Fraud Case

The California Department of Insurance announced that Emily Kathleen Everett, aka: Emily Hegner of Daly City, Calif., surrendered on the charges of making a false/misleading statement in support of a claim, perjury, grand theft, knowingly failing to disclose an event, …

Interpreter Lien Claimant Must Prove Its Services Were Necessary

To provide medical treatment to an injured worker, an employer must provide reasonably required interpreter services if the injured worker is unable to speak, understand or communicate in English. However an interpreter medical lien claimant has the burden of proving …

AXIS Estimates NZ Quake, Aus. Flood Losses at $275 to $315 Million

AXIS Capital Holdings Limited has issued a bulletin which estimates that the “total net impact of the New Zealand earthquake and loss events in Australia that have occurred to date in the first quarter of 2011 will be between $275-$315 …

3M Settles Age-Discrimination Suit for Up to $12M

Minnesota’s 3M Co. has agreed to pay up to $12 million to settle an age-discrimination lawsuit with as many as 7,000 current and former employees. The 2004 lawsuit targeted the company’s performance-review system, alleging that older workers were disproportionately downgraded. …

Arkansas Economy Less Affected by Recession

Arkansas’ economy has been less affected by the national recession than most other states because of its concentration on agricultural industries, according to a report released March 18. The report, issued by the University of Arkansas Division of Agriculture, said …