The Idaho Board of Education voted this month to allow students who graduate in 1989 to substitute two credits in the "practical arts" for humanities credits to meet new state minimum graduation requirements. (See Education Week, May 8, 1985.)
"Vocational students will still have to take the two additional required humanities credits and those who wish to take all four humanities credits can do so," according to Helen Williams, public-information officer for the Idaho Department of Education.
The board rejected a rule that would have allowed students who3show competencies gained in certain vocational-education programs to be excused from taking other required courses, Ms. Williams said.
Investors are liable for as much as $165 million, the biggest loss in the 400-year history of the Lloyd's of London insurance market, according to the Washington Post.
The newspaper reported that the losses stem in part from policies written through Lloyd's and held in the United States in the high-risk area of asbestos poisoning and general product liability.
Industry experts have predicted a shutdown of the asbestos-abatement industry because insurance companies, uncertain of the risks they are underwriting, have refused to offer coverage to those involved in asbestos work. (See Education Week, May 22, 1985.)
The Richard Beckett Underwriting Agency, which manages a handful of the more than 400 syndicates that make up the total Lloyd's investment pool, would not say on which accounts money was lost, the Post reported.
But, the paper noted, "it is believed that the agency took a heavy beating on those involving asbestos poisioning." Beckett has announced that it will go out of business at the end of the year, according to the news account.
The newspaper reported that according to U.S. manufacturers and insurers, more than 30,000 asbestos-related suits have been filed and the fewer than 4,000 settled have cost about $1 billion so far.
Vol. 04, Issue 36