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Sandy's economic hit may be softened by cleanup, rebuild and insurance payments NBC News Share    
The economic hit from Superstorm Sandy may have a big silver lining. The ferocious hurricane that swamped New York City will almost certainly turn out to be one of the costliest storms on record. Given the scope and severity of the damage, it's difficult to guess the costs from the fires, floods, wind and rain, but initial estimates of $30 billion to $50 billion may turn out to be too low. More
Preventing claims spillover: Oil pipeline failures Property Casualty 360 Share
Yearly, many oil pipelines fail, spill crude oil and cause significant health and environmental damage all across the continental United States, leading to hefty financial implications for the oil companies landowners, government and insurers. More The next government workforce Governing Share
Historically, government at all levels has relied on decent pay, generous benefits and stable employment to attract workers. As a result of the economic downturn, each of these attractions has been significantly diminished, leaving public leaders scrambling. More
US employees to face health care sticker shock Chicago Tribune Share
Visit to New York City orthopedist: $223. One X-ray: $50. One follow-up magnetic resonance imaging test: $766. Total bill for checking out that aching shoulder: $1,039 — all to be paid by the patient, rather than the insurer. Health care has gone retail. More Amendments targeting public pension funds won't reduce liabilities Pensions & Investments Share
A handful of constitutional amendments on the Nov. 6 ballots across the U.S. would affect public pension plans in a variety of states, but none goes very far toward reducing existing unfunded pension liabilities, even in the worst-funded states. More
Illinois rally defies warning of pension insolvency: Municipal credit Bloomberg Share
Debt sold by Illinois issuers is rallying the most in 20 months in the face of a warning that the state's pensions may run out of money and drain funding from education, infrastructure and local aid. More City workers agree to higher insurance costs The Register-Guard Share
The largest group of city of Eugene, Ore., employees made concessions on health care in order to get eventual pay raises and other compensation, under a recently approved labor contract. More Canadian city declares 3-pound Chihuahua 'dangerous' Mother Nature Network Share
A Canadian city has declared Molly, a 3-pound teacup chihuahua a "dangerous dog" and ordered her muzzled after the dog bit a postal worker, local media said recently. "I don't even know if they have muzzles that size. I just think it's kind of silly, to the extreme," Molly's owner Mitzie Scott told PostMedia News. "The dog is literally three pounds — it's the size of an adult shoe." More |
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