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

Manchin U.S. Senate Win Elevates Democrat Tomblin to Governor Post

West Virginians essentially chose a new state chief executive when they voted to send Gov. Joe Manchin to the U.S. Senate, but his Tuesday win has also forced to the forefront questions about the succession process. Senate President Earl Ray …

Family of Mississippi Inmate Who Died Sues Town, Private Prison Firm

The family of an inmate who died in prison is suing the town of Walnut Grove and a private corrections company, claiming Dennis Earl Holmes was denied adequate medical care before dying of what the plaintiffs believe was treatable diabetes. …

Tomas Regains Hurricane Strength; Soaks Haiti Refugee Camps

Tropical Storm Tomas re-strengthened to a hurricane Friday as it headed between Cuba and Haiti, drenching with overnight rain crowded tent and tarpaulin camps housing vulnerable Haitian earthquake survivors. Although some camp dwellers in Haiti’s capital, homeless from the Jan. …

Insurance Helps But North Carolina Family Struggles to Rebuild After Fire

Alma Salas printed out an application for Extreme Home Makeover the night before her house was destroyed by fire. “It wasn’t a perfect home, but I bought it with intentions of building it up,” she said. “Now it makes me …

AIG Reports Big Loss on Charges; Insurance Results Remain Stable

American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring and goodwill charges …

Judge Dismisses ‘Mommy Track’ Lawsuit Against Goldman Sachs

Goldman Sachs Group Inc. no longer faces a bias lawsuit by a former vice president who said the Wall Street bank put her on a “mommy track” and fired her while she was on maternity leave. Judge Robert Patterson dismissed …

EU Regulator Flagged Potential Rolls-Royce Engine Problem in August

Three months ago a European regulator flagged possible problems with the engine that powered a Qantas Airways A380 that was forced to make an emergency landing in Singapore this week. The European Aviation Safety Agency (EASA) told airlines in a …

Somali Pirates Hijack Ship with 20 Passengers Aboard

The European Union’s anti-piracy naval force says Somali pirates have hijacked a Comoros-flagged ship on its way to Tanzania. The EU force said the Aly Zoulfecar was seized Wednesday en route to the Tanzanian port city of Dar es Salaam …

Travelers to Acquire Interest in Brazilian Surety Specialist J. Malucelli

The Travelers Companies announced that it has entered into a joint venture agreement under which it will invest in J. Malucelli Participações em Seguros e Resseguros S.A., “the market leader in the surety insurance business in Brazil with a market …

Validus Posts $238.5 Million Q3 Net Income; $300 Million for Nine Months

Bermuda-based Validus Holdings reported net income of $238.5 million, or $2.08 per diluted common share for the three months ended September 30, 2010, compared with net income of $499.2 million, or $5.21 per diluted common share, for the three months …