Reinsurers Resilient Despite Catastrophes, Economic Uncertainty, Says A.M. Best

April 24, 2012Email ThisPrintNewslettersTweetArticleComments

In a special report A.M. Best summed up the financial position of the global reinsurance industry as

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Texas Bus Inspections Get Lax Oversight Despite Crashes

April 4, 2012Email ThisPrintNewslettersTweetArticleComments

Months after their state-certified vehicle inspection station was cited by federal authorities for failing to notice defects in a bus that crashed in North Texas, killing 17 passengers, brothers Alam and Cesar Hernandez shuttered their firm. But that didn’t mean they were out of the vehicle inspection business.

Instead, they opened another station in the same Houston neighborhood and continued to inspect buses like the one involved in the accident. And they did it with the approval of the Texas Department of Public Safety.

The Hernandez brothers’ story underlines a phenomenon that highway safety advocates say has long existed with deadly consequences

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