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

UPDATE: Bad Weather Likely Cause of Air Algerie Crash – French Officials

Poor weather was the most likely cause of the crash of an Air Algerie flight over the West African state of Mali with 116 people on board, French officials said on Friday. Investigators at the scene of the crash had …

Canada Transport Board Welcomes U.S. Oil-by-Rail Ideas; Warns Dangers Remain

The Transportation Safety Board of Canada on Thursday welcomed proposed U.S. regulations for oil-by-rail tankers, but cautioned of the persistent danger until tank cars built before 2011 stop carrying oil and other flammable liquids. The independent federal agency, which investigates …

Air Crashes Set 2014 on Course to Be Deadliest Since 2005

Three fatal airline crashes in a week mean 2014 is shaping up to become the worst year in almost a decade for passenger fatalities. The crash of a McDonnell Douglas MD-83 aircraft on the fringes of the Sahara desert yesterday …

AIA First-Half New Business Value Rises 23%, Led by China

AIA Group Ltd., the second-largest Asia-based insurer, posted a 23 percent increase in new business value in the first half, beating analyst estimates and exceeding the full-year figure for 2010 when it went public. The gauge of projected profitability of …

El Nino Seen Weak or Delayed for Several Months by Forecasters

El Nino will probably develop as a weak event in late summer or early fall in the Northern Hemisphere, according to MDA Weather Services, while Commodity Weather Group LLC said it may be delayed for several months as the warming …

Validus Reports $153.4 Million Q2 Net Income; $315.8 Million 1st Six Months

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $153.4 million, or $1.61 per diluted common share, for the three months ended June 30, 2014, compared to $30.7 million, or $0.28 per diluted common share, for the three …

Congress Urged to Help Miners with Black Lung Disease

A retired coal miner who suffers from black lung disease urged Congress this week to help clear a backlog of claims of fellow miners who have the disease. “I look to y’all to help us to get that which we …

Hartwig Turns Back King Hammurabi’s Playbook on Resilience

The U.S. government today may be starting to embrace concepts that date back to Babylonian King Hammurabi’s reign some 3,800 years ago. When President Barack Obama on July 16 issued a set of climate change initiatives encouraging steps like guarding …

Pennsylvania’s MJB Financial Joins Iroquois Group

MJB Financial and Insurance Advisors in Drexel Hill, Penn., has joined The Iroquois Group network, according to Michael Brown, agency principal, and Iroquois. The agency joined Iroquois on July 17, according to the announcement. The Iroquois Group, which began in …

N.Y. Announces $175M Fund to Cover Local Costs of Post-Sandy Rebuilding

New York Gov. Andrew Cuomo announced on Wednesday $175 million in funding to cover local governments’ costs to repair and rebuild infrastructure damaged by Superstorm Sandy. When participating in FEMA’s Public Assistance (PA) program, local governments and public entities are …