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Supreme Court Partially Strikes Down SOX Accounting Board

The Supreme Court Monday struck down part of a law to prevent fraud committed by companies like Enron and WorldCom, saying a board to police public companies’ auditors violated the Constitution. But the ruling left the 2002 Sarbanes-Oxley law and …

Status of Post-Flood Report for Tennessee Unclear

The U.S. Army Corps of Engineers has been giving different answers about whether it will produce a post-flood report for the Cumberland River basin and surrounding areas. In an interview, Corps Programs Integration Division Chief Gary Loew said last Thursday …

Homeowners Offered Few Insurance Choices in Hurricane States

In most hurricane-prone states, homeowners have few choices of insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss Ratings. Weiss identified Florida, Louisiana, North Carolina, …

Oxendine Still Georgia GOP Favorite Despite Insurance Donations Probe

A state probe into insurance industry contributions funneled to Republican John Oxendine is turning into a drawn-out saga, which opponents are trying to use to cast an ethical cloud over his campaign for governor. With less than a month left …

BP Says Storm Waves Will Delay Oil Capture

BP Plc’s plan to increase oil-capture capacity this week at the Gulf of Mexico leak to up to 53,000 barrels a day will be delayed by high waves expected to be generated by Tropical Storm Alex, a company executive said …

West Virginia’s BrickStreet Expects to Lose $8 Million to Competition

A state-created insurance company for workers’ compensation coverage is expecting to lose million of dollars in government agency contracts when the market opens up to other carriers next week, the insurer’s chief said. One by one, boards of education and …

New Lawsuit Filed Over 2007 Utah Mine Disaster

Six U.S. insurance companies and Lloyd’s of London are suing for reimbursement of millions of dollars for equipment abandoned inside a Utah mine that collapsed in 2007, killing six miners and three rescuers. The suit was filed in Utah’s 3rd …

Maryland Jury Awards $2M in Inmate Highway Death

A Prince George’s County Circuit Court jury found the state of Maryland and a truck driver liable Thursday for roughly $2 million after the August 2007 death of an inmate who was killed while picking up trash along Interstate 495. …

California Launches Disaster Corps

California Gov. Arnold Schwarzenegger has launched the first-in-the-nation Disaster Corps to professionalize, standardize and coordinate trained disaster volunteers statewide. Disaster Corps volunteers will be registered by their local government organization under the Disaster Service Worker Volunteer Program and will meet …

Michigan Police Face Challenge of Enforcing Text-Driving Ban

When Michigan’s ban on texting while driving takes effect Thursday, July 1, police will be able to pull over motorists solely for using their cell phones to send or look at text messages or e-mails. Some in law enforcement say …

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