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

Feds Looking at New Hampshire Accident Involving Toyota SUV

Federal officials want to review a New Hampshire collision that killed four people, three in a Toyota Highlander. The Boston Globe reports the National Highway Traffic Safety Administration received two consumer complaints about the Columbus Day accident near Peterborough that …

Michigan Injured Workers’ Drug Costs Lowest in Study

The cost per claim of prescription drugs used to treat injured workers in Michigan is the lowest among 16 states studied. According to the Workers Compensation Research Institute (WCRI), the average payment per claim for prescription drugs in Michigan’s workers’ …

Massey Says West Virginia Mine Was Clear of Gases Before Explosion

Air samples did not show high levels of explosive gases just before an explosion in a West Virginia coal mine that killed 29 workers, and what caused the disaster remains unknown, the mine’s owner said. Massey Energy Co. board director …

Spat Over Negligence Presumption Kills Alabama Texting Driver Ban

Drivers can keep sending text messages while traveling Alabama’s highways because a fight between an insurance company and lawyers in the state Senate killed a bill to ban the dangerous practice. Democratic Sen. Roger Bedford and some other lawyers in …

Insurance Claims Pour In from Mississippi Storm

Mississippi’s top insurance official said the devastation caused by last Saturday’s storm would be “significant” after viewing the destruction on the ground and by helicopter. “It’s pretty bad,” Insurance Commissioner Mike Chaney said after touring damage in Yazoo County. He …

AIG Sale of Asian Unit AIA to Prudential Hits Snag

Prudential is facing the makings of a shareholder revolt over its $35.5 billion deal to buy AIA, raising the prospect the deal could fail and adding to pressure for a breakup of the British insurer instead. Prudential’s bid for AIA …

Republicans Release Own Financial Services Regulation Proposal

Senate Republicans have proposed an alternative to Democrats’ financial regulation legislation, according to a document obtained by Reuters on Tuesday. Below are their key proposals. ORDERLY LIQUIDATION No resolution fund. Three-part procedure for triggering new a process to dismantle large …

House Commitee Advances 5-Year Flood Insurance Extension

A bill to overhaul the troubled U.S. National Flood Insurance Program, which covers more than five million homes and businesses in flood-prone areas, was approved on Tuesday by a congressional committee. The bill, if approved in the full House and …

EU Says Volcanic Ash Cost $2 to $3.3 Billion; Plans Airline Aid

Last week’s volcanic ash cloud cost European Union airlines €1.5 to €2.5 billion ($1.98 to $3.3 billion), the European Union executive said as it proposed a series of actions to help the cash-strapped industry. Governments will be able to waive …

Aon Employs FAConnect Platform to Meet Facultative Chile Quake Demand

Aon Benfield announced that it is utilizing its “groundbreaking FAConnect placement platform to respond to client demand for expanded Chile earthquake capacity.” The system opens the way for Aon’s clients to access up to $ 50 million in coverage for …