Monthly Archives: <span>February 2014</span>

N.J. Residents Voice Anger, Frustration During Sandy Aid Hearing

Victims of Superstorm Sandy unloaded on New Jersey officials last Friday at the final public hearing on the state’s plans to spend the next $1.4 billion in storm recovery aid. Resident after resident spoke in blunt and personal terms as …

Officials Investigating Deadly Carbon Monoxide Leak at N.Y. Mall

Officials investigating a carbon monoxide leak at a New York mall are concentrating on the heating system of a restaurant there. A manager at Legal Sea Foods restaurant died and more than two dozen others were sent to hospitals following …

House Republicans Release Flood Insurance Relief Bill

House GOP leaders last week put the final touches on legislation that would significantly water down a recently enacted overhaul of the much criticized federal flood insurance program, easing many premium increases and allowing below-market rates to be passed on …

Court Denies Notre Dame’s Bid for Exemption from Contraception Rule

The University of Notre Dame lost a renewed bid for a court order relieving it of having to tell its health insurance plan administrator that it didn’t want to provide coverage that includes contraception under President Barack Obama’s affordable care …

Urbanization, Mobility, Gridlock and Predictions of ‘Peak Car’

The world that Henry Ford put on wheels is poised for a stall. In the globe’s growing megacities, pollution and gridlock are putting a damper on driving. In India, some commuters are leaving their cars at home to avoid traffic …

USAA CEO, President Robles to Step Down in 2015

The president and CEO of the insurer of military families, USAA, announced he will retire from USAA in the first quarter of 2015. “It has been my privilege to work at USAA for nearly 20 years. However, in early 2015, …

Attorney General Supports National Notification Standard for ID Theft

U.S. Attorney General Eric Holder, citing the recent massive data theft at retailer Target Corp., urged Congress on Monday to enact a national standard for notifying consumers about such breaches. “This would empower the American people to protect themselves if …

Industry Agrees to New Oil-by-Rail Safety Measures

Many oil-by-rail shipments will slow down through urban areas and track inspections will increase on high-traffic areas in response to a string of fiery derailments in the last several months, the American Association of Railroads said on Friday. The rail …

Best Affirms Ratings of Beazley Insurance Company; Outlook Stable

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Beazley Insurance Company, Inc. (BICI), based in Farmington, Conn., a subsidiary of Beazley plc. The outlook for both ratings is stable. The …

Best Affirms Ratings of Berkshire Hathaway’s GUARD Insurance

A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings of “aa-” of NorGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company and WestGUARD Insurance Company, which operate under an intercompany pooling agreement. These companies …