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BP Lowers Containment Cap onto Wellhead But Uncertainty Remains

BP Plc managed Thursday to lower a containment cap onto its ruptured deep-sea wellhead in the Gulf of Mexico in a high-stakes bid to siphon off some of the oil billowing from its gusher. U.S. President Barack Obama canceled his …

Recent Colorado Storm Caused Estimated $70M in Insured Damage

The first major Colorado hail and wind storm of 2010 carries an estimated insurance price tag of $70 million, according to the Rocky Mountain Insurance Information Association (RMIIA). Approximately 13,600 auto and homeowners insurance claims have been filed since baseball-sized …

Citibank Employee Sues, Says Good Looks Got Her Fired

A woman in New York has sued Citigroup Inc, accusing the bank of firing her for being too good-looking. The bank believes the lawsuit should be dismissed, or else sent to arbitration, court records show. Debrahlee Lorenzana alleged that management …

Dawson Cos. Adds Donnelly; Acquires Putnam Transporation

Dawson Cos. announced it has added Gregory C. Donnelly as a senior benefits consultant in Dawson Consulting Group LLC, the employee benefits division of Dawson Cos. in Ohio. Donnelly had been vice president, Sales and Customer Relations for CIGNA Healthcare, …

Oil Reaches Alabama’s Dauphin Island; Florida Panhandle on Alert

Teams of workers in protective boots and gloves scoured Alabama’s Dauphin Island Wednesday for washed up tar balls and tar patties that have put the 14-mile-long resort in the front line of the state’s fight against the Gulf of Mexico …

After Child Fatality, Ohio Lawmakers Push for School Bus Seat Belts

State lawmakers say a school bus crash that killed an eastern Ohio kindergarten student has given new urgency to a proposal requiring seat belts on school buses. Six-year-old Kasey King of Frazeysburg died June 2 when a bus went off …

Best Affirms Fairfax, U.S. Members Ratings; Upgrades Seneca’s ICR

A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited. Best also affirmed the ICR of “bbb” and unsecured debt rating of Crum & …

BP CEO: Industry Needs to Reassess Deep-Sea Operations, Safety

Oil companies need to improve safety technology for deep-water drilling and the massive spill in the Gulf of Mexico should prompt the industry to rethink its business model for such operations, BP chief Tony Hayward said in comments published on …

West Virginia Court Refuses to Modify DuPont $100 Million Damages

The West Virginia Supreme Court has refused to reconsider its decision involving DuPont and punitive damages arising out of a pollution case. Wilmington, Del.-based DuPont asked the court to reconsider a ruling it issued in March involving pollution at a …

Adults in Pickup Trucks Must Now Wear Seat Belts in Georgia

Georgia Gov. Sonny Perdue is preparing to sign legislation requiring adults riding in pickup trucks to wear seat belts. Perdue was scheduled to go to Dalton, Ga., to sign the measure Thursday afternoon. The legislation had been blocked by state …

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