Monthly Archives: <span>August 2015</span>

Study: Ventura, Oxnard in California Could be at Greater Tsunami Risk

A study says two California coastal cities are at greater risk from tsunamis than previously thought. The study released last week by the American Geophysical Union examined the flooding risk if earthquake faults in the Santa Barbara Channel area ruptured. …

Smoke Lifts over Washington fires, but Potential for Fire Growth Remains

The massive cloud of smoke began to lift over Washington wildfires over the weekend, but as air quality improves the fire’s behavior could become more erratic and intense, fire officials said. “It’s like a flue opening in a fireplace,” said …

Court Says Jury Should Decide If FedEx Drivers are Employees in Missouri

FedEx Corp. drivers will have to start over in a fight over their employee status in Missouri. A federal appeals court said Friday that a trial judge should have let a jury decide whether the drivers were independent contractors rather …

QBE North America Names Griffith Executive VP for Distribution

QBE North America announced that Brian Griffith will join the organization on August 31 as executive vice president, Field Management and Distribution. The insurer said Griffith will lead the strategy for all distribution channels across QBE, as well agency management …

Researchers Find Link Between Atlantic Hurricanes and Amazon Wildfires

Researchers have uncovered a “remarkably strong link” between high wildfire risk in the Amazon basin and the hurricanes that ravage North Atlantic shorelines. The wildfire-hurricane association is a result of ocean-atmosphere interactions, according to the researchers who say this north-south …

Hurricane Danny Weakens to Tropical Depression

As of 8 a.m East Coast time, Danny, which became a Category 3 hurricane last Friday, had weakened substantially to a tropical depression with maximum sustained winds of 35 mph, according to the National Hurricane Center (NHC). The storm center …

Crawford CEO Bowman Steps Down

Independent claims adjustment firm Crawford & Co. announced that Jeffrey T. Bowman is stepping down after nearly eight years as president and CEO and 24 years of service with the company. Bowman said he agreed to step aside at the …

Taser Not Liable in Death of Teenager, Court Rules

Taser International Inc. is not liable for the death of a 16-year-old Michigan boy soon after he was struck in the chest by two taser darts shot by a police officer, resulting in cardiac arrest, a federal appeals court ruled …

Reuters Special Report: U.S. Banks Book Trades Abroad to Bypass U.S. Regulation

This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris Barnes, …

MetLife Cites Foreign Operations to Claim It’s Not a U.S. Financial Firm

MetLife Inc.’s fight to free itself from a costly government label is increasingly focusing on a bold argument: The giant insurer isn’t actually a U.S. financial company. In court papers filed in Washington on Friday, MetLife said it doesn’t meet …