George W. Bush News

Greenhouse Funds Gloom Hangs over G20 Climate Talks

Rich nations must come up with billions in new money to help poor countries fight global warming and not just repackage development aid to score diplomatic points, environmentalists at a meeting of top polluters said on Friday. The three-day Japan …

Gulf Coast Recovery Chief Steps Down

The federal official in charge of rebuilding the Gulf Coast after the 2005 hurricanes said he has submitted his resignation because he wants to return to Texas to get back into banking. Donald Powell, former chairman of the Federal Deposit …

Ark. Gov. Declares 10 Counties Disaster Areas After Tornadoes, Storms

Arkansas Gov. Mike Beebe has declared Baxter, Conway, Independence, Izard, Pope, Randolph, Sharp, Stone, Union and Van Buren Counties state disaster areas due to the damage caused by powerful tornadoes and violent thunderstorms on Feb. 5. Gov. Beebe toured damage …

Bush Proposal Maintains La. Must Share Cost for Levee Work

Pres. George W. Bush has recommended nearly $5.8 billion in federal money for levee work in the New Orleans area, but the state would have to contribute about $1.5 billion – a request some Louisiana leaders consider too steep for …

What the Reauthorization of TRIA Means to the P/C Industry

On Dec. 26, President George W. Bush signed the Terrorism Risk Insurance Program Reauthorization Act of 2007 to reauthorize the federal backstop for seven years. First and foremost, reauthorization of TRIA means it is working. Without a federal backstop, the …

S&P: TRIPRA’s Passage Keeps U.S. Commercial Lines Outlook Stable

On Dec. 26, 2007, President George W. Bush signed into law the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA), thereby retaining the federal backstop for terrorism risk through Dec. 31, 2014. The language of the new law, which …

UN Climate Chief Says US-EU Deadlock over Emissions Cuts Threatens Summit

The U.N. climate chief warned on Thursday that a deadlock between the United States and the European Union over pollution cuts threatened to derail talks aimed at launching negotiations for a new global warming pact. Washington has refused to accept …

White House Declares Washington Major Disaster Area

President George W. Bush has declared a major disaster exists in the State of Washington and ordered federal aid to supplement state and local recovery efforts in the area struck by severe storms, flooding, landslides, and mudslides that began on …

People

Munich Reinsurance America Inc. announced that John P. Phelan will retire as planned on Dec. 31, 2007, after serving nearly six years as chairman and CEO. Anthony J. Kuczinski, who is president of Munich Re America’s Specialty Markets Division, will …

Mexico Landslide Devastates Village as Floods Spread

Survivors saw relatives swept away by huge waves or buried by debris after a huge landslide hit a rain-swollen river, triggering waves that essentially wiped a Chiapas hamlet off the map and left at least 16 people missing. Residents of …