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

Tennessee Team Sued Over ‘Human Hockey Puck’ Stunt

A Nashville radio personality is suing the NHL Predators over an injury from the “human hockey puck” stunt. The suit by Adam “Intern Adam” Davis of WRVW-FM was filed in Davidson County Circuit Court and seeks $25,000 for medical bills. …

South Carolina Police Officer Sues Over Facebook-Related Firing

A former police officer claims in a lawsuit that Greenville, South Carolina officials violated her free speech rights by firing her over comments on a social networking site. The Delta Democrat Times reported that former Sgt. Susan Graziosi was fired …

Increased Chance of Above-Normal Atlantic Hurricane Season Despite El Niño

This year’s Atlantic hurricane season got off to a busy start, with six named storms to date, and may have a busy second half, according to the updated hurricane season outlook issued today by government weather forecasters. Forecasters also see …

Washington Explores Insurance, Other Protection for Futures Customers

U.S. regulators and futures industry players said on Thursday that there is no perfect solution to safeguard customer money in the wake of two major brokerage scandals, but added that policymakers should move quickly on some important fixes. Bart Chilton, …

Bond Insurers Challenge Stockton’s Bankruptcy Over Pensions

Two bond insurers challenged the eligibility of Stockton, California, for bankruptcy, arguing that the city can cut pension benefits, a move that could have profound implications for the state. The court filings set a roadmap for a battle, in or …

El Niño Almost Certain to Arrive In Next 2 Months: U.S. Forecaster

The U.S. government forecaster warned on Thursday that the feared El Niño phenomenon, which can affect global weather, is almost certain to occur over the next two months, potentially adding strain to global food supplies. El Niño conditions will likely …

Ratings Recap: Electrical Contractors’, Scotia, Société Centrale, Adamjee

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of UK-based Electrical Contractors’ Insurance Company Limited (ECIC), both with stable outlooks. ECIC’s risk-adjusted capitalization is “likely to …

India’s Basic Realities May Confound New Finance Minister’s Reform Agenda

The return of a pro-market reformer to India’s finance ministry has cheered investors and contributed to a market rally, but Palaniappan Chidambaram will need both political deftness and some luck to tackle the problems dragging the economy down. Faced with …

Cyber Surveillance Virus from Mideast Can Spy on Bank Transactions

A new cyber surveillance virus has been found in the Middle East that can spy on banking transactions and steal login information for social networking sites, email and instant messaging, according to a leading computer security firm, Kaspersky Lab. Dubbed …

Hannover Re Reports 85% 1st Half Gain in Net Income to $497 Million

Hannover Re’s interim report for the first six months of 2012 shows gains in all of the reinsurer’s primary sectors. Highlights for the period were listed as follows: — Gross premium: + 14.0 percent to €6.9 billion [$8.466 billion] — …