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

Freedom Industries Pays $11,000 Fine in West Virginia Chemical Spill

The company that spilled chemicals into West Virginia’s largest water supply has paid an $11,000 fine for a pair of violations. The Labor Department’s Occupational Safety and Health Administration fined Freedom Industries $7,000 earlier this month for keeping storage tanks …

Mississippi Fish Plant Explosion Kills 1, Injures 3

One person has been killed and three others were injured in an explosion Monday at a fish processing plant in Moss Point on the Mississippi coast. Omega Protein spokesman Ben Landry said the incident occurred about 9:30 a.m. while employees …

Climate Change Debate in Denver Pits Coal Miners vs. Skiers

Coal miners took on skiers, and environmentalists dueled with business groups as the public debated sweeping rules from the Obama administration to combat global warming in a nationwide series of hearings yesterday. At the one in Denver, the ski industry …

Inaction on Climate Change Costs Economy: White House

As the Obama administration defends its efforts to curb carbon emissions this week, it’s taking a new tack: arguing that it is smart economic planning. A new White House report says the cost of fighting climate change will increase 40 …

Most Electric and Small Cars Come Up Short in IIHS Safety Ratings

The Mini Cooper Countryman is the only small car to earn a good rating among the latest group of 12 cars subjected to the insurance industry’s small overlap front crash test. Two electric models and a hybrid also are in …

AIG Ex-CEO Greenberg Faces January Trial in Loss Reserving Lawsuit

Maurice “Hank” Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General Eliot Spitzer’s lawsuit accusing him of fraud. The state …

JLT Says Worst Rate Slump since 2001 Leading Insurers to ‘Naive’ Risk Taking

Jardine Lloyd Thompson Group Plc’s Dominic Burke said the worst slump in prices for insurance policies since Sept. 11, 2001 has led some insurers to take on too much risk to win business. Burke, the chief executive officer of the …

RenaissanceRe Reports $120.8 Million Q2 Net Income; $93.6 Million Operating

Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $120.8 million, or $2.95 per diluted common share, in the second quarter of 2014, compared to $26.8 million, or $0.60 per diluted common share, in the second quarter …

AXIS Capital Reports $191 Million Q2 Net Income; $173 Million Operating

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2014 of $191 million, or $1.79 per diluted common share, compared with $72 million, or $0.62 per diluted common share, for the second …

Willis Reports ‘Non-Operating’ Items Reduce Q2 Net Income to $47 Million

Willis Group Holdings reported net income of $47 million, or $0.26 per diluted share, in the second quarter of 2014 compared to $105 million, or $0.59 per diluted share in Q2 2013. The bulletin explained that “earnings in the second …