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 I-64 Virginia Beach
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Between travel and work I haven’t had much time to do much recreational reading or writing. But to clear out the inbox right quick, I give you: Chop Suey: Over in Europe, Business Insurance mentions that the increased capital requirements for insurers proposed under Solvency II standards could have the side effect of reducing capacity for [...] 
Remember the $3,014,170,389,176,410 sought from the Army Corps of Engineers for post-Katrina flood damage in New Orleans? The judge has thrown out the case, and federal bean-counters are thanking their preferred deities for legislated grants of immunity. From the AP: U.S. District Judge Stanwood Duval ruled that the Corps should be held immune over failures in [...] 
There are times where governmental immunity from lawsuits seems like a good thing. One of those times is when you’re looking at demands for ridiculously large awards. Seen at MSNBC: Hurricane Katrina’s victims have put a price tag on their suffering and it is staggering — including one plaintiff seeking the unlikely sum of $3 quadrillion. The [...]
Seen in Insurance Journal: A system of flood gates and pumps built since Hurricane Katrina to help alleviate flooding in several New Orleans neighborhoods may not be as much help as authorities first said.[...] The maps showed that the improvements made to the city canals’ drainage systems would reduce flooding during a major storm by about 5.5 [...] |
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