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Alabama Coastal Residents Bracing for Major Flood Insurance Increases

Flood maps aren’t due out for Alabama until next December, but the specter of rising flood insurance premiums is undeniable. Congress, seeking to undo the damage done to the National Flood Insurance Program after 2005, changed the policy to impose …

Arizona Flash Flood Carries Away Tour Bus, None Hurt

Flash flood waters swept a tour bus with 33 people aboard hundreds of yards down a wash in northwestern Arizona and the vehicle flipped on its side, but no one was injured, officials said. The Las Vegas-bound bus was returning …

Man Sues Wyoming Walmart For Wrongful Death

A man who says his wife died after she ate a contaminated cantaloupe purchased at a Sheridan, Wyo. Walmart is suing the retailer. The Sheridan Press reported Frederick M. Lollar filed the wrongful death lawsuit in Laramie County’s 1st Judicial …

Mississippi Student Accused of Shooting Roommate Sues University

A former student accused of shooting his roommate in an off-campus apartment has sued the University of Southern Mississippi, alleging that it violated his rights by expelling him and tampering with his files. According to the lawsuit filed in Forrest …

Woman Awarded $775K After Tripping At Vegas Casino

A woman who tripped on a speed bump and injured her shoulder at a U.S. casino has been awarded $775,000. The Nevada Supreme Court upheld the judgment against Harrah’s casino, the Las Vegas Sun reported. Alice Swanson has been seeking …

Mississippi School Districts Shocked By Property Insurance Hikes; Cat Losses Cited

Property insurance premiums have skyrocketed for Pine Belt school districts. Some have had problems just finding a company to insure them. Lamar County School District Superintendent Ben Burnett told the Hattiesburg American that his district’s premium was about $176,000 last …

BP Sees No Quick Settlement in Oil Spill Case; Latest Cost Estimate at $42.4B

BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said on Tuesday after compensation costs soared for a second straight quarter. The payouts, the scale of which BP is …

AIG to Close Down Savings Bank Unit Due to Dodd-Frank Limits

American International Group Inc. will return funds to customers of its banking unit and shut their accounts as the Dodd-Frank Act places limits on insurers with deposit-taking units. AIG Federal Savings Bank “will no longer be servicing retail deposit accounts …

PartnerRe Posts $175.6 Million Q2 Net Loss; Operating Earnings $51.5 Million

Bermuda-based PartnerRe Ltd. reported a net loss of $175.6 million, or $3.37 per share for the second quarter of 2013. The earnings announcement said the figure “includes net after-tax realized and unrealized losses on investments of $230.0 million, or $4.07 …

Quebec Gov’t. Orders MMA Railway, World Fuel to Pay for Train Crash Cleanup

The Quebec government has ordered the rail and fuel companies involved in a devastating train crash that killed 47 people in the town of Lac Megantic to pay for cleaning up the crude oil that spilled in the town and …

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