Monthly Archives: <span>March 2009</span>

Central Texas Hail Storm Racks up $160M in Losses

Many Central Texans are still cleaning up from a large hail storm on last week that knocked out windows, smashed roofs and dented thousands of automobiles causing an estimated $160 million in insured losses. The storm swept in from western …

Kauai Jury Gives $1.8 Million to Crash Victim

A Kauai, Hawaii, jury has awarded nearly $1.8 million to a woman who was knocked off the back of a motorcycle and run over by a car. The jury awarded Lisa Wilson $1.75 million in general damages and $37,100 for …

Analyst Sues Moody’s, Saying He Was Unjustly Fired

A former Moody’s Investors Service equity analyst has sued the credit rating firm, saying he was fired for blowing the whistle on a supervisor’s ethical lapse. Paul Bienstock said in the lawsuit filed Wednesday in U.S. District Court in Manhattan …

Connecticut Lawmakers Weigh Updates to Reflect GPS Advances

Addicted to that GPS navigation system? On Connecticut roads, that might make you a lawbreaker. With technology often moving more quickly than bureaucracy, state legislators are updating laws that bar drivers from having video display screens within their line of …

OSHA Cites Company in Mississippi Power Accident

The Occupational Safety and Health Administration has levied $72,000 in fines against a Louisiana contractor for safety violations related to a scaffolding collapse at Mississippi Power Co.’s Plant Daniels in Jackson County. One worker was killed and six others injured …

South Financial Bank Settles Shareholder Suits Over CEO Pay

The South Financial Group has agreed to settle two lawsuits with shareholders and announced that former CEO Mack Whittle will retire from the South Carolina company’s board of directors. The settlement totals $500,000. The company says it will pay $300,000 …

Small Earthquake Rattles South Carolina

Several people reported feeling shaky ground last Friday near Barnwell as a small earthquake jarred part of southwestern South Carolina. College of Charleston scientists said their seismometers detected the quake around 12:15 p.m. Friday, but the exact epicenter and strength …

GAINSCO Reports Net Loss for 4th 2008

Dallas-based insurer, Gainsco Inc., announced net losses for the fourth quarter and the year for 2008, but the losses are far less than those the company reported in 2007. The company said its net loss for the fourth quarter 2008 …

Florida Gov. Crist Names Hill As Compensation Judge

Florida Governor Charlie Crist has named Marjorie Renee Hill of Tallahassee as Judge of Compensation Claims. Hill, 47, has served as the director of the First District Court of Appeal’s Workers’ Compensation Unit since July 2008. Previously she has served …

Wal-Mart Sex Discrimination Case Back in Court

A U.S. court began considering this week whether to uphold a lower court ruling allowing about 2 million current and former female Wal-Mart workers to sue the firm for sexual discrimination as a group. Wal-Mart Stores Inc, the world’s largest …