Monthly Archives: <span>March 2012</span>

Judge Won’t Dismiss Massey Shareholder Suit Over Safety

A federal judge refused Wednesday to dismiss a lawsuit by former Massey Energy shareholders who say they were deliberately misled about the company’s safety record before the Upper Big Branch mine disaster in West Virginia killed 29 men in 2010. …

Regulators Say West Virginia Mines Warned of Inspectors

Three times in a month, regulators have caught West Virginia coal companies illegally warning miners that federal inspectors were onsite. Mine Safety and Health Administration director Joe Main says such warnings let workers disguise conditions that could endanger their lives. …

Bill Would Allow Exceptions to South Carolina Liability Cap

Legislation inspired by the fatal crash of a Spartanburg park train ride last year would allow local governments in South Carolina to choose whether to pay out higher claims than the current state limit of $600,000. The bill endorsed by …

FDA Steps Up Scrutiny of Metal Hip Implants

The U.S. Food and Drug Administration responded to mounting concerns about the safety of metal-on-metal hip implants, saying it would subject the devices to a two-day expert review that could lead to rigorous new standards. The FDA announced on Thursday …

Nike Wins Court Order Halting Sale of Tebow Apparel by Reebok

Nike Inc. has won a court order blocking rival Reebok International Ltd. from selling New York Jets apparel bearing the name of the popular quarterback Tim Tebow, in a battle over licensing rights. The order issued late on Wednesday by …

Judge Throws Out Investor Lawsuit Against Bank of America Over Mortgages

Bank of America Corp. on Thursday won dismissal of a lawsuit by investors who wanted the bank to buy back mortgage loans that underlie more than $1.06 billion of securities. The case is tied to risky home loans issued by …

IBM’s Algorithmics, Insurers Analyze Solvency II Compliance Preparation

Despite delays and complaints the European Union’s Solvency II regulations, which cover the insurance industry, are slowly but surely moving forward. While most of the industry is primarily concerned with the regulations governing capital requirements – Solvency II’s “Pillar I,” …

MAPFRE ASISTENCIA Launches Subsidiary in Malta

MAPFRE ASISTENCIA, a subsidiary company of Spain’s MAPFRE Group, and MIDDLESEA INSURANCE MIDDLESEA ASSIST, have formed a joint venture to operate in Malta, following an agreement between MAPFRE ASISTENCIA and MIDDLESEA INSURANCE, MAPFRE INTERNACIONAL’s direct insurance company operating in the …

Total Considers Options to Extinguish North Sea Gas Flare

France’s Total is laying plans, including a helicopter water drop, fire-fighting vessels and spraying nitrogen, to extinguish a flare on its Elgin North Sea gas platform that is leaking explosive clouds of gas, the UK energy department said. The flare, …

Some Progress Made On Colorado Wildfire

Firefighters are making progress on a wildfire in Colorado that has now consumed an estimated 4,140 acres, destroyed 27 structures and caused the deaths of at least two people, according to the Colorado State Forest Service. The fire, which may …