The White House oil spill commission will delve into the root causes of the BP offshore drilling disaster at a meeting Monday that may have liability ramifications for the companies that continue to point the finger at each other for …
Tropical Storm Tomas re-strengthened to a hurricane Friday as it headed between Cuba and Haiti, drenching with overnight rain crowded tent and tarpaulin camps housing vulnerable Haitian earthquake survivors. Although some camp dwellers in Haiti’s capital, homeless from the Jan. …
The most recent bulletin from the National Hurricane Center, posted at 11:00 a.m. EDT, puts Tropical Storm Tomas about 125 miles, 205 kms south-southeast of Kingston, Jamaica, and about 295 miles, 475 kms west-southwest of Port au Prince, Haiti. Maximum …
Swiss Re’s Capital Markets Division has structured €275 million [$386 million] in notes as an alternative risk transfer vehicle, covering European windstorm events, for AXA Global P&C’s Calypso Capital Ltd., a special-purpose company incorporated in Dublin, Ireland. “The notes, which …
Iowa officials say they’ll use about $10 million in federal grant money on projects that they say will manage runoff and mitigate future flood damage. Iowa received an $84.1 million grant from the U.S. Department of Housing and Urban Development …
New criticism of Halliburton Co.’s work on BP Plc’s blown-out Gulf of Mexico well could make it harder for the world’s second-largest oilfield services company to escape significant responsibility for the disaster. Lawyers for the government and spill victims gained …
Authorities Sunday urged hundreds of thousands of Haitians living in crowded tent camps to seek new shelter as Hurricane Tomas roared across the Caribbean with Haiti in its projected path. Tomas was downgraded to a Category 1 storm after ripping …
Whether Tomas passed through the eastern Caribbean as a hurricane or a tropical storm is rather irrelevant, as, whatever it was, it caused a lot of damage. The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has already issued a detailed report, …
The 8:00 a.m. AST bulletin from the National Hurricane Center in Miami placed the season’s latest tropical storm, Shary, around 220 miles (355 kms) south–southwest of Bermuda. The storm, which coalesced from a tropical depression last night, packs maximum sustained …
Halliburton Co. used flawed cement in BP Plc’sdoomed Gulf of Mexico well, which could have contributed to the blowout that sparked the worst offshore oil spill in U.S. history, a White House panel said Thursday. Halliburton’s shares tumbled as much …
