May 30, 2013 |
SULTAN KHEYL, Afghanistan - Highway 1 runs like a broken spine through Wardak province. Even with its potholes and cracked asphalt, it is a lifeline for soldiers and civilians alike. The dusty highway links Wardak to Kabul, the capital, about an hour northeast. For Afghans here, it's the main avenue for commerce, government and family connections. For the U.S. infantrymen of Bravo 3-15, it's ultimately their way home. In this landlocked nation, the most cost-effective way out for U.S. soldiers and equipment is Highway 1 to the capital.
February 5, 2013 |
Fresh from being the big man on late night television, New Jersey Gov. Chris Christie on Tuesday focused his ire on the National Flood Insurance Program and its slow rate of resolving claims from Superstorm Sandy. Christie, a potential GOP presidential candidate in 2016, has taken a hard line in trying to secure federal aid for his state in the wake of the storm that hit the Northeast in October. At a meeting in Union Beach, N.J., Christie criticized the federal program that he said has been too slow and plagued by excessive paperwork and bureaucratic delays.
January 26, 2013 |
The U.S. share of insurance losses from worldwide catastrophes more than doubled in 2012 as Superstorm Sandy lashed the Northeast and the nation suffered its worst drought since the 1930s. The U.S. accounted for about 90%, or $65 billion, of $72 billion in global losses, according to the Impact Forecasting unit of Aon, the London insurance broker. That compares with 40% in 2011, when Japan had higher-than-usual costs because of an earthquake and tsunami. The location and climate of the U.S. make the country more vulnerable than most developed nations to hurricanes, tornadoes, wildfires and drought.
January 2, 2013 |
WASHINGTON - House Speaker John A. Boehner on Wednesday set a Jan. 15 vote on a Superstorm Sandy relief bill after enraged Northeast politicians - including Gov. Chris Christie of New Jersey, a fellow Republican - blasted the speaker for skipping action on disaster aid in the final hours of the current Congress. Boehner scheduled the vote after a parade of officials from storm-ravaged New York, New Jersey and Connecticut criticized the Ohio Republican for refusing to allow a vote on a $60-billion aid package before the end of this congressional session.
November 23, 2012 |
On Black Friday, shopping carts aren't the only collision shoppers should worry about. Insurance company Progressive Corp. said that Black Friday is one of the worst days of the year for parking-related accidents. On the day after Thanksgiving last year, claims from parking-related accidents increased 37% when compared with other Fridays, the company said. A year before, claims were up 17%. PHOTOS: The Black Friday rush About 13% of Black Friday insurance claims were related to rear-end collisions, 11% from collisions with parked cars and 8% from drivers backing into another vehicle.
November 16, 2012 |
WASHINGTON -- The Federal Housing Administration, which has played a crucial role in stabilizing the housing market, said it ended September with $16.3 billion in projected losses -- a possible prelude to a taxpayer bailout. The precarious financial situation could force the FHA, which has been self-funded through mortgage insurance premiums since it was created during the Great Depression, to tap the U.S. Treasury to stay afloat. The agency said a determination on whether it needs a bailout won't come until next year.