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Chair of Insurance Committee Resigns from Missouri House

A Kansas City-area state House member who has served as the chairman of the House Insurance Policy Committee is resigning his seat in Missouri’s Legislature. Republican Brian Yates, of Lee’s Summit, said the resignation is effective Dec. 1. He was …

Corps to Shrink Pump Project on New Orleans’ West Bank

The Army Corps of Engineers says the cost of a $1 billion pump-and-floodgate project on the western side of the New Orleans area is rising, forcing the agency to consider cutting up to $300 million in work. The Army Corps …

Swiss Re Economists See Gradual Recovery; Regulation Concerns

Swiss Re’s Economic Forum, held today at the reinsurer’s iconic London headquarters, presented a far more encouraging picture of the world’s financial condition than a year ago. However, there may be light at the end of the tunnel, but the …

AIG Further Cuts Debt Owed U.S.; Readies Global Life Units for Sale

American International Group, Inc. (AIG) today said that it has closed two previously announced transactions with the Federal Reserve Bank of New York (FRBNY) that have reduced the debt AIG owes the FRBNY by $25 billion in exchange for the …

Lawsuits Over Tennessee Valley Coal Ash Spill On the Rise

The number of lawsuits filed against the Tennessee Valley Authority over a massive coal ash spill in Roane County has risen to 14. A breach in an earthen dike at the Kingston Fossil Plant sent 5.4 million cubic yards of …

Six Former Employees at Maine College Claim Age Discrimination

Six former employees of the University of Southern Maine who lost their jobs in a consolidation move are claiming they were discriminated against because of their ages. The former employees, between the ages of 55 and 65, had worked in …

New Mexico Wildfire Danger is High

State Forester Butch Blazer is cautioning New Mexicans about fire danger in parts of the state because of mild conditions and less-than-abundant moisture. Fine grassy fuels and brush in southern and southeastern New Mexico are dry, leaving them susceptible to …

Mississippi Court Upholds Judgment Against County Due to Insurer Default

A $250,000 default judgment against Tippah County has been upheld by the Mississippi Supreme Court. The case was filed in 2007 by Daniel Childers of Ripley, who contended that his elbow was broken during an arrest by county deputies in …

‘Mild’ Tropical Storm Ida Caused Millions in Alabama Beach Damage

Tropical Storm Ida was a mild storm along coastal Alabama, but it still caused millions in damage to the beaches. Gulf Shores and Orange Beach officials told the Press-Register that Ida stripped several hundred thousand cubic yards of sand from …

Suspect in 2003 California Wildfire Recants Confession

A convicted burglar has claimed in jailhouse interviews that he was badgered into confessing to starting a 2003 wildfire that burned about 1,000 homes in the foothills above San Bernardino and allegedly caused five people to die of heart attacks. …

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