Oklahoma Gov. Brad Henry’s veto of legislation intended to make it tougher to file some lawsuits was sustained when House Democrats blocked a Republican-led override attempt. House members voted 55-42 on a motion to override the governor’s veto, less than …
The Senate voted Tuesday to extend until 2013 a federal program that insures millions of U.S. homes against floods and to forgive $17 billion in debt that the program built up during Hurricane Katrina. In an issue of concern to …
The rapid pace of development along hurricane-prone coasts is adding a new level of urgency for forecasters to more accurately pinpoint potential storm impact zones, the director of the National Hurricane Center said. Recent studies show most coastal growth in …
Federal investigators issued two citations for safety violations they say contributed to the death of a West Virginia coal miner last year. A federal Mine Safety and Health Administration report released May 12 says Long Branch Energy Corp. was cited …
Alabama Gov. Bob Riley joined state workers from the Alabama Department of Transportation, the Alabama Department of Public Safety, the Alabama Emergency Management Agency and the Alabama National Guard as they began a two-day training exercise in preparation for the …
MyNewMarkets.com users will soon notice changes in the information included on the Web site and available for use. MyNewMarkets.com will soon inaugurate an analysis and technical content database with its first coverage analysis white paper. In addition to coverage analysis …
Software maker Oracle said it has agreed to acquire AdminServer, a Chester, Pa.-based provider of insurance policy administration software. The move has some analysts predicting a wave of mergers among technology firms serving the insurance market. Oracle said AdminServer’s product …
Several foam manufacturers have agreed to pay $30 million to settle lawsuits brought by survivors and family members of those who died in a 2003 nightclub fire that killed 100 people, according to court papers filed this week. The foam …
The Main Street America Group, a regional property/casualty insurer based in Jacksonville, Fla. that writes business up and down the East Coast, is expanding to the Midwest. The insurer said it has agreed to acquire Great Lakes Casualty Insurance Co., …
Catastrophe risk modeling firm AIR Worldwide has issued an estimate that total losses to insured and uninsured property from the M7.9 earthquake that struck near Chengdu, China will likely exceed RMB 140 billion ($20 billion). AIR estimated that insured losses …
