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

Florida Gov. Scott Signs Flood Insurance, Credit Claims, Parasailing Bills

Florida Gov. Rick Scott signed into law on Friday dozens of measures covering everything from flood insurance, electronic cigarettes and parasailing. The Republican governor, who has been holding re-election campaign events for most of this month, did the bill signings …

West Virginia Chemical Firm Facing New Environmental Charges

A Charleston company faces state violations after a storm water collection trench overflowed at the same site where chemicals spilled into West Virginia’s largest water supply in January. The Department of Environmental Protection issued two notices of violations to Freedom …

U.N. Climate Talks Fracture over Future of Carbon Markets

The use of carbon markets to curb rising greenhouse gas emissions was dealt a blow on Sunday after two weeks of United Nations talks on designing and reforming the mechanisms ended in deadlock. The negotiations, held as part of U.N. …

Kentucky’s Corvette Museum’s Sinkhole Turning Into Goldmine

For years, just enough hardcore classic car lovers and curious travelers wandered through the National Corvette Museum in Kentucky to keep the doors open. Now, after a massive sinkhole swallowed eight pristine models of vintage muscle, attendance has skyrocketed. And …

Amazon Workplace Faces Safety Scrutiny After 2 Deaths

Amazon.com Inc.’s labor issues are growing at its sprawling network of fulfillment centers, where it ships everything from books to big-screen televisions. The U.S. Department of Labor said last week that it’s investigating two worker deaths at warehouses operated by …

Judge Sets May 2015 Date for BP Investors’ Suit Over Oil Spill

A U.S. judge set a May 2015 trial date on Friday for BP Plc to face claims in a lawsuit accusing the company of misleading investors about the severity of the 2010 Gulf of Mexico oil spill. U.S. District Judge …

West Virginia Storage Tank Rules Make Some Fear Citizen Lawsuits

Industry groups are jittery that if state regulators require the wrong type of permit, companies could be subject to citizen lawsuits under a new environmental law that regulates storage tanks. State regulators disagree, and are convinced the new aboveground tank …

Best Affirms Wind River Re/Global Indemnity and Subs Ratings

A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S. subsidiaries, as well as the ICR of “bbb” of Wind …

Best to Endorse Selected Ratings outside EU for Regulatory Use

A.M. Best Europe – Rating Services Limited (AMBERS) has confirmed that it has notified the European Securities and Markets Authority (ESMA) that, effective immediately, “AMBERS intends to endorse selected ratings issued by A.M. Best Company Inc. in the United States …

QBE Reorganizing to Create Emerging Markets Division for Lat.Am.-Asia Pacific

Australia’s QBE Insurance Group Limited has announced “a strategic change to ensure its business is positioned for profitable growth.” QBE said that after a review of its organizational structure, “it has been concluded that the strategic opportunity for organic and …