Tuesday, April 22, 2008
* The housing crisis in California continues, as foreclosures in the Bay Area and across the state rose more than 300 percent in the first quarter. In information released by DataQuick Information Systems, 6,579 homes in the nine-county region were taken back by lenders during the three-month period. Contra Costa County noted the most foreclosures with 2,228, with Marin County recording the least amount with 76.
* The fact that there is little or no financial gain in setting a home on fire may explain why investigators are seeing so few cases of suspected arson involving houses threatened with foreclosure, according to the Insurance Information Network of California. When a home is destroyed by fire, insurance will cover the replacement cost of the home. However, whether the fire is a result of arson or other means, the lender will be named on the insurance settlement check. Editor's note: For more on this story, visit www.dailyinsurer.blogspot.com .
* A bear trainer died when a grizzly bear, which had appeared in the recent Will Ferrell movie "Semi-Pro," killed the 39-year-old trainer by biting him. The attack took place at a private facility in the Big Bear Lake area used for hosting exotic animals used in motion pictures and television. The bear was not injured in the attack.
* The San Jose Sharks moved on to the NHL conference semifinals with a 5-3 Game Seven win over Calgary. San Jose will host Dallas beginning Friday Night at the Shark Tank.