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

New York Bus Crash Spotlights Cut-Rate Bus Companies

The New York bus crash that killed 15 people on their way home from a casino has focused renewed attention on problems federal safety investigators have been warning about for years: Cut-rate bus companies. Driver fatigue. And the need for …

Smoke from Grass Fire in Oklahoma Blamed for Deadly Collision

Two people were killed and five injured in a six-vehicle pileup on Interstate 40 in western Oklahoma that’s blamed on heavy smoke from a grass fire. The Oklahoma Highway Patrol says 67-year-old Roy Rogers and 65-year-old Billy Ratliff of Clinton …

OSHA Proposes $212K Fine for Maine Paper Mill

The federal Occupational Safety and Health Administration is proposing that a Maine paper mill be fined $212,000 for alleged safety violations. OSHA announced Wednesday it has cited Lincoln Paper and Tissue LLC following an accident last September that resulted in …

Third Suit Filed Against Philly Archdiocese Heads

A third man has filed a civil lawsuit charging that officials from the Archdiocese of Philadelphia covered up sexual assault allegations against a priest who molested him. The lawsuit filed Wednesday in the city’s Court of Common Pleas says the …

No Criminal Cause for Massachusetts Chemical Plant Blast

An investigation into a chemical plant explosion that shook a Massachusetts neighborhood and sent four people to the hospital has found no evidence to suggest that it was caused intentionally. State Fire Marshal Stephen Coan said Wednesday that investigators plan …

RenRe Estimates Australia Flood Losses $30 Mn; NZ Quake $190 Mn

Bermuda-based RenaissanceRe Holdings Ltd. announced its initial loss estimates for the 2011 Australian flooding as well as the February 2011 New Zealand earthquake. The Company said it currently expects the Australian flooding and the New Zealand earthquake will have a …

Alterra Gives Estimates Aus. Floods, Cyclone Yasi, NZ Quake Losses

Bermuda-based Alterra Capital Holdings Limited has announced initial loss estimates for three recent natural catastrophe events. Alterra said the estimates are “$5 to $8 million related to the Australian floods in January 2011; $6 to $10 million related to Cyclone …

Endurance Estimates $15 Million Aus. Flood Loss; $45 Million NZ Quake

Bermuda-based Endurance Specialty Holdings Ltd. announced that its “initial loss estimate related to the floods which occurred in Queensland, Australia in January of 2011 is $15 million.” The specialty insurer’s initial loss estimate “related to the earthquake which occurred in …

Everest Re Puts NZ Quake Losses at $140-$210 Million; CEO Comments on Japan

The Bermuda-based Everest Re Group announced that its preliminary loss estimate for exposures relating to the earthquake that occurred near Christchurch, New Zealand in February is “in the range of $140 million to $210 million,” pre-tax and net of reinstatement …

Lloyd’s Chaucer Lowers NZ Quake, Aus. Flood Loss Estimates; Assessing Japan

Chaucer Holdings PLC, the specialist Lloyd’s insurance group, has announced that it has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods. Chaucer previously reported that its combined estimated total loss from these …