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NTSB Releases Report on Deadly Calif. Pipeline Explosion

Federal accident investigators have released a 140-page report on a gas pipeline explosion that killed eight people and decimated a suburban neighborhood near San Francisco last year. The National Transportation Safety Board report posted online Monday pulls together information gathered …

NTSB Due to Release Early Report on Reno Air Crash

Federal investigators are expected to release a preliminary summary of their probe of a racing plane crash that killed 11 people in Reno, Nevada and injured at least 80. A National Transportation Safety Board official says there won’t be any …

U.S. Report Pins Most Blame for Gulf Oil Spill on BP

The United States heaped the lion’s share of blame for the country’s biggest ever offshore oil spill on BP Wednesday as the government issued its final assessment of last year’s Gulf disaster. In a report that may be pivotal in …

Willis’ Report Finds Airline Industry Losses Hit 5-Year Low

The airline industry had a ‘relatively turbulent free start to the third quarter, with losses hitting a five-year low of $794 million,’ according to the latest report from the Aerospace division of Willis Group Holdings. The company’s monthly Airline Insurance …

USFA Releases Civilian Fire Fatalities in Residential Buildings Report

Between 2007 and 2009, civilian fire casualties in residential buildings accounted for 81 percent of all fire fatalities, according to a report released by the Federal Emergency Management Agency’s (FEMA) U.S. Fire Administration (USFA) examining characteristics of civilian fire fatalities …

Swiss Re Sigma Study Examines Government/Private Sector Coverage

Swiss Re’s latest sigma study – “State involvement in private insurance” – examines the increasing symbiosis between governments and the private insurance sector. The report notes that “more and more governments are leveraging private insurance skills and the growing capacity …

US Lawmaker Eyes McAfee Briefing on Cyber Attacks

A U.S. congresswoman on Wednesday requested more information on security company McAfee’s report detailing a five-year hacking campaign that breached 72 organizations globally. Representative Mary Bono Mack, chairman of the House Commerce subcommittee with jurisdiction over cybersecurity, said she was …

Texas Tops List of Heavy Equipment Thefts

The 2010 Heavy Equipment National Theft Report recorded 13,374 theft reports, according to the National Equipment Register (NER) and the National Insurance Crime Bureau (NICB). Just 19% percent of the heavy equipment stolen was recovered. The top five states with …

Smart Phones Distract Drivers According to GMAC Study

While 8 in 10 drivers say it is never safe to text, email or use a smart phone, a large percentage use various features on their smart phones when operating their vehicles, according to the latest GMAC Insurance National Drivers …

The Top States, Cities for Questionable Insurance Claims

Five states—California, Florida, Texas, New York and Michigan—generate almost half of all suspicious claims to property/casualty insurance companies, a new report says. These states account for 49 percent of all “questionable claims” as tabulated by the National Insurance Crime Bureau …