Monthly Archives: <span>April 2010</span>

Medevac Crash Victim’s Family Sues for $15M

The family of a paramedic who died in a 2008 Medevac helicopter crash in Maryland is suing the federal government for $15 million. The attorney for flight paramedic Mickey Lippy’s family said that Lippy’s wife and young daughter deserve restitution …

Connecticut Woman Alleges Genetic Discrimination at Work

A woman who had a voluntary double mastectomy after genetic testing is alleging her employer eliminated her job after learning she carried a gene implicated in breast cancer. Pamela Fink, 39, said in discrimination complaints that her bosses at natural …

Max Capital, Harbor Point Shareholders Approve ‘Merger of Equals’

Bermuda-based Max Capital Group and Harbor Point Limited, a privately held company, announced that their respective shareholders have voted in favor of all proposals necessary to consummate a merger of equals of Max and Harbor Point. Completion of the transaction …

Pennsylvania Exotic Dancer Charged with Workers’ Comp Fraud

A Pennsylvania woman has been charged with workers’ comp fraud after authorities found her moonlighting as an exotic dancer while collecting benefits from a waitress job she claimed she couldn’t do. In 2007, Christina Gamble, of Quakertown, reported that she …

EU Climate Chief Says Financial Crisis Threatens Vital Innovation Risk

Innovation vital for Europe’s future is at risk, because the global financial crisis has turned once-challenging emission reduction goals into easily achievable targets, the European Union’s top climate official said. Connie Hedegaard, European Commissioner for Climate Action, said the continent …

Marsh Expands EMEA Trade Credit Practice; Smith to Lead Team

Marsh has expanded the range of services available to its trade credit clients with the creation of a Trade Credit Practice for Europe, the Middle East and Africa (EMEA). Tim Smith, who was previously Head of the UK Trade Credit …

Aspen Hit by Nat Cats as Q1 Net Income Falls to $18.3 Million

Bermuda-based Aspen Insurance Holdings Limited reported a net profit after tax for the first quarter of 2010 of $18.3 million and operating earnings of $0.01 per diluted ordinary share, compared to a net profit after tax of $91.4 million, and …

Everest Re Posts $22.7 Million Q1 Net Loss; Operating Loss $73.8 Million

The Bermuda-based Everest Re Group reported a net loss of $22.7 million, or $0.38 per common share, for the first quarter 2010, compared to net income of $108.6 million, or $1.76 per diluted common share, for the first quarter of …

Gulf Coast Shrimpers Sue Oil Firm BP, Drilling Platform Owners Over Spill

Shrimpers in Louisiana and Alabama have filed class-action lawsuits against oil giant BP Plc and owners of the drilling platform that exploded in the Gulf of Mexico, as claims for economic losses anticipated from the disaster began to mount. Two …

Did Its Timberwolf Deal Give Goldman Early Clue to Later AIG Woes?

The blow-up of a $1 billion subprime mortgage-linked security called Timberwolf 1 may have provided Goldman Sachs Group with an early clue about trouble to come at insurance giant American International Group . It may be just coincidence, but there …