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

ProMutual Group Hires Lynch as Controller

Boston-based medical professional liability insurer ProMutual Group has named Mark W. Lynch as its new controller in the corporate finance department. Lynch will be responsible for the financial reporting of all ProMutual Group companies, including federal and state tax filings, …

Alabama Residents Sue Firms Over Coal Ash Dumping in Tennessee

A lawsuit has been filed on behalf of 64 Perry County, Ala. residents against the companies operating a landfill receiving coal ash from a spill in Tennessee. The lawsuit filed in Perry County Circuit Court is against the owners and …

West Virginia Women Who Won DuPont Toxin Suit Sue Again

Two West Virginia women who won a class-action lawsuit against DuPont over long-term exposure to toxins from a former zinc-smelting plant are suing again, this time seeking damages for dozens of ailments they say were caused by the chemicals. Spelter …

California Violent Crime Rate Falls for Third Consecutive Year

California’s violent crime rate has declined 6.6 percent in the past year, according to the California Department of Justice’s annual crime report for 2009, recently released by Attorney General Edmund G. Brown Jr. “Crime in California 2009 – Advance Release” …

California Launches Disaster Corps

California Gov. Arnold Schwarzenegger has launched the first-in-the-nation Disaster Corps to professionalize, standardize and coordinate trained disaster volunteers statewide. Disaster Corps volunteers will be registered by their local government organization under the Disaster Service Worker Volunteer Program and will meet …

New Lawsuit Filed Over 2007 Utah Mine Disaster

Six U.S. insurance companies and Lloyd’s of London are suing for reimbursement of millions of dollars for equipment abandoned inside a Utah mine that collapsed in 2007, killing six miners and three rescuers. The suit was filed in Utah’s 3rd …

BP Says Storm Waves Will Delay Oil Capture

BP Plc’s plan to increase oil-capture capacity this week at the Gulf of Mexico leak to up to 53,000 barrels a day will be delayed by high waves expected to be generated by Tropical Storm Alex, a company executive said …

Homeowners Offered Few Insurance Choices in Hurricane States

In most hurricane-prone states, homeowners have few choices of insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss Ratings. Weiss identified Florida, Louisiana, North Carolina, …

Supreme Court Partially Strikes Down SOX Accounting Board

The Supreme Court Monday struck down part of a law to prevent fraud committed by companies like Enron and WorldCom, saying a board to police public companies’ auditors violated the Constitution. But the ruling left the 2002 Sarbanes-Oxley law and …

Supreme Court Upholds But Criticizes Business Method Patents Ruling

The U.S. Supreme Court upheld a ruling refusing to give a patent for a business method, but also criticized the prevailing standard for deciding whether to allow such patents. The case, involving a system for hedging against energy cost changes, …