Alaska News

Appeals Court Sides With BP in Securities Fraud Lawsuit

A U.S. appeals court sided with BP Plc in a securities fraud lawsuit arising from a 2006 Alaska oil spill, but the case isn’t over. BP discovered two oil spills in Prudhoe Bay, Alaska, in 2006, and a corporate subsidiary …

Alaska Workplace Fatalities Down 42.5%

Alaska has seen a significant decrease in workplace fatalities — down 42.5 percent from the previous decade — according to the epidemiology branch of the state Division of Public Health. According to the Division, during 2000–2009, 379 work-related fatalities were …

Alaska House Approves Updated Workers’ Comp Fee Schedules

The Alaska State House of Representatives has passed legislation to modernize the state’s workers’ compensation procedural fee schedules. House Labor & Commerce Committee Chair Rep. Kurt Olson, R-Kenai, sponsored the bill, HB 13, which replaces outdated the 2004 fee schedule …

Judge Won’t Order Additional Damages Against Exxon for Valdez Spill

A federal judge has refused to order Exxon Mobil Corp. to pay an additional $92 million sought by the U.S. government and state of Alaska to address lingering damage from the 1989 oil spill in Prince William Sound. U.S. District …

Berte To Run AIA Western Region

The American Insurance Association (AIA) has announced that Marjorie Berte has joined the association as its new vice president for the Western Region. Berte’s career includes experience in both the public and private sectors, most recently with the state of …

Brown & Brown Buys Balcos, Mike Howard Insurance in Washington

J. Scott Penny, regional president of Brown & Brown Inc.; Mark S. Balcos and Scott N. Balcos, principals of Balcos Insurance, Inc.; and Michael P. Howard, principal of M C H, Inc. of Seattle, d/b/a Mike Howard Insurance, today announced …

BP’s Gulf Spill Costs Look Manageable 8 Months Later

As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly …

BP’s Gulf Spill Costs Look Manageable 8 Months Later

As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly …

Insurance Industry Comes to the Rescue of North Pole Nick

Just when you think you’ve seen and heard it all in the road-service business, along comes a call for road-side assistance that gives rise to a hearty chuckle. Imagine this: With the holiday season rapidly approaching, calls have been coming …

California Rain Shatters Records; More Coming

A storm walloped parts of California with up to 7 inchesof rain and spawned minor flooding, mudslides and road closures Dec. 20, but forecasters warn the bad weather’s real impact may be yet to come. More than 3 additional inches …