March 14, 2011

Industry experts say the insured losses from the Japan earthquake could reach $35 billion and become the second costliest natural disaster ever, behind Hurricane Katrina. That estimate does not include damage that may occur from Japanese nuclear power plants crippled by the 8.9 magnitude earthquake that killed thousands when it struck last week. Source Link

NFL players aren’t the only ones at risk of losing their paychecks after a contract impasse with owners led to a player lockout. Teams are discussing payroll cuts for other staff, including managers and coaches. A player’s anti-trust lawsuit against the league could prompt a court-ordered freeze in revenue for all teams. Source Link

Should older drivers have to prove their skills on the road? A new poll says two-thirds of Americans think that drivers should face a mandatory road test at age 65. Even half of those over age 60 think mandatory driver retesting is a good idea. Just two states - Illinois and New Hampshire - now mandate road retesting for drivers at age 75. Source Link