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

Two Falls in Two Days for New York City Construction Workers

One worker is dead and another injured after two separate incidents at New York City construction sites last week. In Brooklyn, a construction worker at a building going up died after he lost his balance and fell about 50 feet. …

Gulf Oil Rug Workers Claim Safety Sacrificed to Save Money

Two workers injured when an oil rig exploded in the Gulf of Mexico told Congress that the companies in charge of the doomed drilling operation cut corners and neglected maintenance in a race toward higher profits. Oil has been spewing …

Georgia’s Insurance Chief Oxendine Faces Ethics Hearing Before Primary

Georgia Insurance Commissioner John Oxendine is scheduled to go before the state ethics commission less than a month before a crowded primary contest in which he is seeking the Republican nomination for governor. Stefan Passantino, Oxendine’s attorney, said his client …

Gulf Oil Spill Threatens Mississippi, Alabama Islands

Oil from BP’s out-of-control Gulf of Mexico oil spill could threaten the Mississippi and Alabama coasts this week, U.S. forecasters said Monday, as public anger surged over the country’s worst environmental disaster. U.S. government and BP officials are warning that …

Transocean Revises Bid to Limit Liability After U.S. Criticism

The Obama administration told Transocean Ltd. in a letter last week it was “simply unconscionable” for the drilling firm to try to limit its liability in the Gulf of Mexico oil spill accident, prompting the company to revise its court …

BP Claims Payments Don’t Cover Fishing Season That Got Away

Carol Terrebonne, a wholesale retailer who buys shrimp off the boats in southern Louisiana, laughs when asked about the $5,000 hardship payout she has received from energy giant BP to cushion the economic impact of the Gulf oil spill. “It …

AIR Report Analyzes Potential Hurricane ‘Implications’ of Gulf Oil Spill

Catastrophe risk modeling firm AIR Worldwide has released a report that examines the implications of the Gulf oil spill on the upcoming hurricane season as well as indications of what this might mean to wildlife, ecosystems, business, and insurance interests. …

Rich/Poor Rifts Stall Progress at UN Climate Talks

U.N. climate talks opened on Monday, exposing familiar rifts between rich and poor countries which delegates said were likely to delay a re-start of formal negotiations. The 185-nation Bonn conference, which will run until June 11, is the biggest international …

WTO Questions China’s Export Barriers

China’s curbs on exports of some raw materials to conserve resources may not meet the stated goals, while giving Chinese manufacturers an unfair advantage, the World Trade Organization said on Monday. The remarks, in a report prepared for China’s two-yearly …

Aon Begins 4-Year Term as Official Manchester United Shirt Sponsor

It’s been almost a year to the day, when Aon Corporation announced that it would take over from AIG, as the shirt sponsor for the historic English football (soccer) club Manchester United [See IJ web site – https://www.insurancejournal.com/news/international/2009/06/03/101073.htm ]. Aon’s …