Monthly Archives: <span>September 2008</span>

North Carolina Insurance Investigator’s Autopsy Inconclusive

An autopsy says the body of a North Carolina insurance investigator that was found in South Carolina in May was so badly decomposed that medical examiners can’t determine how she died. The autopsy report released Sept. 19 said the body …

South Carolina Unemployment Insurance Trust Fund Running Low

The head of the South Carolina employment office says the trust fund that pays benefits to out-of-work residents is projected to run out of money in January. Employment Security Commission chief Ted Halley said Sept. 19 the increasing number of …

West Virginia Gov. Seeks Disaster Help for Flea Market Fire

West Virginia Gov. Joe Manchin is seeking federal help for businesses hurt by a fire that destroyed the Milton, W. Va. Flea Market. The governor’s office said Sept. 18 that Manchin requested a disaster declaration from the U.S. Small Business …

More to Come in Busy Atlantic Hurricane Season

The 10 tropical storms and hurricanes that ripped through the Atlantic and Caribbean during this busy hurricane season savaged Haiti, Cuba and the U.S. Gulf coast, and conditions are now ripe for more. Residents of the Atlantic-Caribbean danger zone should …

Wyoming Lawmakers Say Workers’ Comp Benefits Need Increase

Some Wyoming lawmakers say it’s time to increase many of the benefits given to injured workers under the state’s workers’ compensation program. The Joint Labor, Health and Social Services Committee recently discussed revamping the system and tried calculating how much …

AIG’s First Half Showed Slump

American International Group Inc., which was bailed out by an $85 billion government loan last week, not only has posted billions of dollars in losses in its financial services operations but its more traditional insurance operations are not as profitable …

Tufts Health Plan to Enter Rhode Island Market

Tufts Health Plan will start insuring Rhode Island residents next year and compete against three existing insurers. Tufts President and CEO James Roosevelt Jr. said the Watertown, Mass.-based firm has been looking for opportunities to expand in neighboring Rhode Island. …

Rhode Island Marks 70th Anniversary of Its Most Destructive Storm

Downtown Providence was flooded and neighborhoods were destroyed. A group of school children who drowned after their bus was swept off the road were among the hundreds killed. It’s been 70 years since a catastrophic hurricane sped up the eastern …

U.S. Financial Rescues Could Approach $2 Trillion

The U.S. Treasury Department worked through the weekend with Congress to craft a plan to spend as much as $700 billion to absorb bad mortgages and other assets from bank or other institution balance sheets to keep the financial system …

Credit Rating Agencies’ Cuts on AIG Signal Downgrades Ahead

Credit rating agencies, criticized for moving too slowly in cutting ratings on Wall Street firms and the complex instruments they devised, are now accused of acting too quickly. As the credit crisis enters a new phase, the pendulum has swung …