Several amateur videos provide close-up views of the devastating EF4 tornado that ripped through Tuscaloosa, Ala. late afternoon on April 27, 2011. Watch as the funnel forms, then rips across the landscape, destroying everything in its path.

Florida’s massive property bill SB 408 was taken up on the Senate floor for a second reading today, garnering yet more amendments on its way to a third and final reading.

American International Group Inc. could be on the hook for total claims of perhaps $800 million or more involving profits on real estate deals involving AIG’s Global Real Estate unit, according to a lawsuit that could come to trial in New York as early as this summer.

Arthur J. Gallagher & Co. says net income dropped 48 percent for the 2011 first quarter, but the firm’s CEO is upbeat, noting signs of improvement for the coming year.