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How emergency financial managers changed Michigan Governing Share    
As Detroiters brace for the possible appointment of an emergency financial manager, they can look at half a dozen cities around Michigan to see how life has changed under these state-appointed financial bosses. More
Kansas City developer loses HIV insurance claim Kansas City Business Journal Share
A federal appeals court has turned down a Kansas City, Mo., developer's attempt to make his insurance company cover him for infecting a man with HIV. Brent Lambi, who at one time had plans to refurbish the Katz Drug building in Westport, settled a lawsuit brought by Brian Potter in 2011 for an undisclosed amount. More Lack of liability coverage closes New Mexico motocross park Claims Journal Share
The gate to the only Santa Fe, N.M., sanctioned motocross track is locked, and city leaders aren't sure when they will open it. The problem, said city Risk Management Director Barbara Boltrek, is that the city lacks appropriate liability insurance for the track west of N.M. 599. More
Oklahoma panel clears bill for gun liability immunity The Associated Press via Times Record News Share
A bill to grant immunity to businesses and places of worship if they don't ban firearms from their premises has cleared an Oklahoma Senate committee. Republican Sen. AJ Griffin of Guthrie presented her bill to the Senate Public Safety Committee recently, where it passed without opposition and now heads to the full Senate for consideration. More
Puerto Rico proposes overhaul of shaky public pensions Reuters Share
Puerto Rico's new government recently proposed raising retirement ages, increasing worker contributions and other changes to a wobbly public pension system that officials hope will help stave off bond downgrades. More Omaha, Neb.'s pension accounting strategy digs $794 million hole, tarnishes its triple-A halo DebtWire via Financial Times Share
Like countless municipalities, the city of Omaha, Neb., is struggling with an enormous unfunded liability in its two public pension systems: $794.3 million, which is more than double the city's general fund revenue. But unlike other municipalities, Omaha, which was blessed by Moody's and Standard & Poor's top ratings until a downgrade last fall, hasn't shortchanged annual contributions to save operating budget funds. More
City employees in Pevely, Mo., are without health insurance St. Louis Post-Dispatch Share
Pevely, Mo., employees are temporarily without health insurance because the city says it couldn't afford a more than doubling of its annual cost. Last year, Pevely paid $29,000 a month to cover its 42 full-time employees through a policy with Cigna insurance, said Terry Thomas, the city administrator. More |
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