Archive for April 2015

A Ponzi scheme is a fraudulent investment scheme where money pried from new investors is used directly to pay off old investors: Think chain letters enclosing money. “‘This scheme takes its name from Charles Ponzi, who in the late 1920s … The post E & O Coverage Excluded for Undisclosed Potential Claims Linked by Ponzi…

Trinity Industries Inc. has been subpoenaed by the U.S. Justice Department over its allegedly defective guardrail safety system. The subpoena, issued by U.S. Attorney Carmen Ortiz in Boston, seeks documents from 1999 and later regarding Trinity’s guardrail end terminals, which … The post Justice Department Subpoenas Trinity in Guardrail Safety Probe appeared first on Claims…

A third lane along Wyoming’s Interstate 80 could have prevented some of the collisions and gridlock caused by two recent pileups in the southeastern part of the state, according to the former chairman of a legislative transportation panel. “If there … The post History of Crashes Returns Discussion to Wyoming’s I-80 Safety appeared first on…

Union officials say tougher inspection and maintenance standards for railroad tracks could help prevent dangerous derailments of trains carrying crude oil. While lawmakers and regulators focus on the strength of oil tank cars and volatility of crude oil, officials of … The post Railroad Union Pushes for Tougher Safety Standards on Tracks appeared first on…

Robo calls, social media ads, personal letters from the CEO and even a smartphone app are among ways auto companies are trying to convince more customers to get repairs done on cars recalled for serious safety defects. The unusual steps … The post Auto Makers Look at Ways to Improve Recall Numbers appeared first on…

If you find yourself sweating out a day that is monstrously hot, chances are you can blame humanity. A new report links three out of four such days to man’s effects on climate. And as climate change worsens around mid-century, … The post Global Warming Blamed for 75% of Very Hot Days appeared first on…

All new vehicles in the European Union will have to be fitted as of 2018 with a system that automatically calls the emergency services in case of an accident. EU lawmakers on Tuesday decided to make the eCall system mandatory … The post EU to Require All New Cars be Equipped With Auto Emergency Call…

Wildfires are a serious risk to property and lives in every state in the country. Last year alone the National Interagency Fire Center (NIFC) reported there were 63,212 fires in the U.S. and Puerto Rico that burned 3,595,613 million acres … The post Top 10 States at Risk for Wildfires in 2015 appeared first on…

Companies that share information on hacking threats with each other and U.S. law enforcement would be shielded from lawsuits under a House bill passed Wednesday over the objections of privacy advocates. The U.S. Chamber of Commerce, American Bankers Association and … The post Federal Bill Seeks to Legally Shield Companies That Share Hacking Data appeared…

Applications to build storm shelters have spiked a month after a tornado touched down in Moore, Oklahoma. Moore spokeswoman Deidre Ebrey says officials there have noticed an increase in the number of people applying for storm shelters since the March … The post Storm Shelter Applications Rise in Moore After March Tornado appeared first on…