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Home    Membership    Education    Annual Conference    Publications & Resources Jun. 28, 2012

Another big burn? Wildfire disaster claims in 2012
Property Casualty 360    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Virtually every federal, state and forest service agency across the nation is forecasting that 2012 is very likely to become a record year for extreme wildfire activity in the western and southwestern U.S., with the future heralding a year-round state of danger. Currently wildfires are burning in nine U.S. states, already inflicting heavy property damage. More

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Why Stockton, Calif., is bankrupt, but [your town here] isn't
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Stockton City Council in California recently approved a petition for bankruptcy, the largest of a city in U.S. history. Municipalities all over the country are in fiscal distress, but few are actually declaring bankruptcy. What went so badly wrong in Stockton, and what lessons can other cities learn? More

Liu warns bike share program may lead to more lawsuits for city
WNYC-FM    Share    Share on FacebookTwitterShare on LinkedinE-mail article
While many in the city are eagerly waiting the start of the city's bike sharing program, at least one man isn't. New York City Comptroller John Liu is warning of safety and lawsuit problems that could come with the launch of Citi Bike. More

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Illinois in poorest fiscal condition of all states
Reuters via Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Illinois' financial condition continued to deteriorate in fiscal 2011, leaving it the state with the lowest level of net assets in the country, as its liabilities, including money owed for public pensions, grew, according to a report released recently by the state's auditor general. More

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Judge backs liability cap in ballpark lawsuit
Independent Record    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A District Court judge has upheld a state law limiting how much Montana cities will have to pay in lawsuits, rejecting an argument by a Helena woman that the cap is unconstitutional. Ruth M. Fisher sued the city this winter over the death of her husband, Wayne A. Fisher, who fell from the stands at Kindrick Legion Field through netting onto dugout steps on June 16, 2011. He died 12 days later at age 78. More

Public pensions face wider deficits under new rules
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
State and local governments coping with years of underfunding and weak investment returns will be forced to clarify the extent of pension deficits under rules that will widen the gaps for some plans. The measures adopted by the Governmental Accounting Standards Board alter methods of calculating liabilities and assets by the retirement systems. More

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Security costs create tension during visits by politicians
The Tennesseean    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Behind the cool glamour of a high-profile political visit is a hard reality: Keeping a president, vice president or first lady safe costs a lot of money. And local taxpayers pay their share. More

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