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Friday, 12 Jan 2007
Like a Good Neighbor, State Farm is FinedInsurer slapped with $2.5 million penalty in post-Katrina jury decisionIf a house falls in the Gulf Coast region and no insurer is there to hear it, does it make a sound? Heck yes -- in this case, a $2.7 million boom that's ricocheting around the country. Yesterday, a federal jury ordered insurance company State Farm to compensate a Biloxi, Miss., couple whose home was destroyed by Hurricane Katrina. The award includes not only the roughly $233,000 policy value, but a $2.5 million penalty for refusing to pay the policy in the first place. At issue is whether the house was destroyed by flooding -- which homeowner policies don't generally cover -- or by the storm's wicked winds. The judge said State Farm, now considering an appeal, hadn't proved the damage was from flooding. With thousands of other similar cases pending, insurance companies are watching carefully. Insurance economist Robert Hartwig said the case "sets a horrendous precedent," warning that it could mean higher rates in all coastal (read: flood-prone) areas. If you need us, we'll be in Iowa.
NEW IN GRIST
Mining and drilling operations are noisy, smelly, and horrifically destructive -- and while nonprofit SkyTruth hasn't replicated the sound or scent of resource extraction, it does provide clear before-and-after satellite imagery of pulverized land. With those images available, says director John Amos, never again will a company or government be able to destroy the earth without being noticed. As InterActivist this week, Amos responds to reader questions about SkyTruth's post-Katrina told-you-so, the circumstances under which he would support drilling on public lands, and the fundamental lessons to be found in the 1990 cult classic Joe Versus the Volcano.Such Great HeightsJohn Amos, eco-geographer and head of nonprofit SkyTruth, answers readers' questions
Manipulation NationU.S. risk-assessment draft completely eviscerated by real live scientistsThe Bush administration's quest to make federal-agency evaluations of public-health risks from chemicals and other products even more meaningless has been stymied. A draft risk-assessment policy issued by the White House Office of Management and Budget has been called "fundamentally flawed" by the National Research Council, which OMB had asked for a review. Heaping criticism on the draft, reviewers said it was broad, unclear, and unfair, covering "territory beyond what previous reports have recommended and beyond the current state of science." Wait, you mean the Bush administration is messing with science? We're shocked, shocked to find science-messing in this establishment. The NRC critics -- who surprised even themselves by trashing a policy they'd merely expected to offer feedback on -- also worried that it would make risk assessments "more susceptible to being manipulated to achieve a predetermined result." Shocked, we tell you. It's back to the drawing board for the gentle folk at OMB.Ted AgainCable magnate Ted Turner forms solar-energy business partnershipRemember Ted Turner? Tall fellow, gray hair, owned a lotta cable TV and a lotta land and was married to Jane Fonda? Yeah, that one. Well, he's back, and he's sinking some of his legendary wealth into solar technology. Partnering with four-year-old, New Jersey-based Dome-Tech Solar, the skillionaire will focus on the ray-ravenous California market. "Our future depends on changing the way we use energy," Turner said. "We've got to move away from fossil fuels and develop long-term energy solutions that work. Using clean energy technologies, such as solar power, is the right thing to do, and it represents a tremendous business opportunity." See that? Friends do let friends invest in renewables. Staffers at Dome-Tech -- one of several energy-related arms of a parent company -- hope Turner, who's rechristening the company DT Solar, will provide both a financial and PR boost. "He won't be a passive partner," said Chief Operating Officer Bruce Curtis. Funny, that's what Jane always said.
King for a DayDaily Grist takes a break for equality's sake, resumes on TuesdaySo many Monday holidays, so little time: just when you got used to having us back, Daily Grist will be taking a break on Martin Luther King Jr. Day. We will march and discuss and reflect, yes -- and we might also start counting the hours until we get to take Presidents' Day off. Looks like someone's got a case of the Mondays. |
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Mayor May Not, 11 Jan 2007
Flexing His OPECs, 10 Jan 2007
The Choice of a New Generator, 09 Jan 2007
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