House OKs new standards for offshore drilling

WASHINGTON (MarketWatch) — Companies that drill for oil in U.S. waters would be required to pay 100% of spill-related damages under a bill approved Friday in the House of Representatives. Written in response to the BP oil spill, the bill removes a $75 million liability cap now in place; requires independent certification of equipment and sets up other new offshore-drilling standards; and …

How's Your Insurance-ese? The Auto Insurance Terms Your Agent Expects You To Know

By Anthony Peck It doesn’t matter whether your auto insurance provider claims to speak English or not, you’re going to know the minute you take a look at your insurance policy that the two of you are speaking a totally different language! Insurance-ese, with the occasional smattering of legal-ese, is a language all its own. Before you sign on the dotted line for your insurance policy, take a step back and make sure you know exactly what they’re talking about! The Auto Insurance Terminology You Need to Know Before You Say Yes: 1.