Government News

Aging Gas Pipe at Risk of Explosion Nationwide

The tragic gas pipeline explosion in a San Francisco suburb has shed light on a problem usually kept underground: Communities have expanded over pipes built decades earlier when no one lived there. Utilities have been under pressure for years to …

Lawsuits Over Gulf Oil Disaster Begin With Clash Over Pace

Scores of attorneys will jam a federal courtroom today to argue for almost immediate access to emails and other documents from BP Plc and its business partners as the legal fight over the Gulf of Mexico oil spill heats up. …

Ohio Supreme Court Gets University Bus Crash Insurance Case

Lawyers clashed this week before Ohio’s Supreme Court on whether a university’s insurers should be liable for a 2007 bus crash that killed seven people, including five student baseball players. An attorney for the estate of one of the victims …

Justice Department Says Over 1,300 Charged With Katrina Fraud

More than 1,300 people have been charged in federal fraud cases related to the 2005 hurricanes in the five years since the storms struck the Gulf Coast, the Justice Department said Tuesday. A report released by the Hurricane Katrina Fraud …

AIG, U.S. Repayment Talks Advancing, Sources Say

American International Group Inc.’s talks with the U.S. Treasury Department over repayment of bailout funds have advanced past initial discussions, a source familiar with the matter said. A possible conversion of the Treasury’s $49 billion preferred stake in AIG into …

U.S. Judge Sets December Date for Health Care Suit Hearing

A Florida judge said Tuesday he would hear arguments Dec. 16 on a lawsuit by 20 U.S. states seeking to block President Barack Obama’s overhaul of the U.S. health care system. U.S. District Judge Roger Vinson, who is weighing a …

US to Host Major Economies Climate Forum in New York

The United States will host a meeting of the world’s biggest economies in New York to discuss climate change on Monday and Tuesday [next week], the U.S. State Department said. The Major Economies Forum will bring together 16 of the …

Kentucky Commissioner Named to National Board

The National Insurance Producer Registry (NIPR) has announced that Kentucky Insurance Commissioner Sharon P. Clark has been appointed as a National Association of Insurance Commissioners (NAIC) representative on the NIPR board of directors. “Commissioner Clark’s expertise and perspective are valuable …

XL Looks Cheap; Bermuda Ties May Attract Offers

It’s cash-rich, led by a CEO with political aspirations, and was last year’s top S&P 500 performer. Pressured by soft pricing and slow premium growth, (re)insurer XL Group is also undervalued, analysts say, and a prime target for a bidder …

Jury Sets Home Values in Pennsylvania Town Hit by Mine Fire

A Central Pennsylvania jury has set values for homes in a central Pennsylvania town decimated by a mine fire at values far below those sought by homeowners who are challenging the state’s condemnation of their property. Tommy Hynoski said his …