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Global Business
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WASHINGTON—The Obama administration has asked the U.S. Supreme Court to overturn an appeals court decision that permitted a “public nuisance” suit to proceed over greenhouse gas emitters' contributions to global warming. Read more: |
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Global Business
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SAN FRANCISCO—A United Parcel Service of America Inc. unit may have unlawfully discriminated against a deaf worker by failing to provide American Sign Language interpreters, a federal appeals court ruled Friday. Read more: |
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Global Business
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FORT WAYNE, Ind.—K&K Insurance Group Inc., a division of Aon Underwriting Managers, said Friday that Todd Bixler will be the company's president and CEO. Read more: |
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Global Business
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(Bloomberg)—Insurance takeovers are headed for the biggest year since the peak of the last merger boom as financial-services firms from Bank of America Corp. to Aegon N.V. of the Netherlands jettison assets. Read more: |
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Global Business
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PFÄFFIKON, Switzerland—Glacier Reinsurance A.G. said Friday its existing portfolio will be placed immediately into an orderly runoff, and the company will no longer write or accept new business. Read more: |
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SAN FRANCISCO—California workers compensation insurers’ combined ratios climbed during 2009 to the highest level since 2001, while average claims costs continued increasing, according to a quarterly report on insurer experience released... Read more: |
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Global Business
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NEW YORK (Bloomberg)—American International Group Inc. dropped a plan to sell a stake in its Asian unit ahead of an initial public offering in November to avoid delaying the sale, two people with knowledge of the matter said. Read more: |
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Global Business
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WILMINGTON, Del. (Bloomberg)—Former American International Group Inc. top executive Maurice R. Greenberg agreed to a $90 million settlement of lawsuits alleging he deceived investors while running the insurer, according to a court filing. Read more: |
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Global Business
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PEMBROKE, Bermuda—Chief Financial Officer David Greenfield has resigned from AXIS Capital Holdings Ltd. effective at the end of November, the Bermuda-based insurer and reinsurer said Thursday. Read more: |
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Global Business
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WASHINGTON (Reuters)—Chicken feed contaminated with salmonella bacteria could have caused the outbreak at two Iowa producers that sparked a recall of more than a half billion contaminated eggs last week, U.S. regulators said Thursday. Read more: |
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Global Business
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DALLAS—A new program to help employers ensure their health benefits improve the health of their employees has been launched by the Dallas-Fort Worth Business Group on Health. Read more: |
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Global Business
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SANTIAGO, Chile (Bloomberg)—Chile is tapping the United States' National Aeronautics and Space Administration and domestic Navy on how to maintain the health of 33 miners facing a three-month wait before being rescued from a collapsed gold and... Read more: |
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Global Business
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LONDON (Bloomberg)—Chaucer Holdings P.L.C., a Lloyd’s of London insurer, posted a 58% drop in first-half profit as investment returns fell and the company faced claims related to the earthquake in Chile and the Deepwater Horizon oil spill. Read more: |
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Global Business
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NEW YORK (Bloomberg)—CNA Financial Corp., the insurer that hasn’t paid a common stock dividend since 2008, must manage capital carefully so it can expand when markets improve, said the CEO of the company’s parent, Loews Corp. Read more: |
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Global Business
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WASHINGTON (Reuters)—The U.S. Centers for Disease Control and Prevention is backing away from its decades-old estimate of the number of people who die annually from seasonal flu, instead saying deaths vary widely from year to year. Read more: |
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Global Business
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HONG KONG (Reuters)—China Life Insurance Co. Ltd. said it has not held talks with American International Group Inc. since March, despite reports it may be part of a Chinese consortium that aims to buy 30% of AIA Group Ltd. Read more: |
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Global Business
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LOUISVILLE, Ky. (Reuters)—Humana Inc. CEO Mike McCallister has been elected to the added post of chairman of the U.S. health insurer's board, effective immediately, the company said Thursday. Read more: |
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Global Business
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NEW YORK—The New York State Supreme Court has awarded Travelers Cos. Inc. $262. Read more: |
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Global Business
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Nearly two-thirds of employers say they intend to make health care plan design changes to shift more costs to employees in 2011, according to a survey released Wednesday. Read more: |
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Global Business
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DENVER—An Oklahoma City school district employee who was demoted to principal and then replaced by a younger worker with similar responsibilities can pursue her age discrimination suit, a federal appeals court has ruled. Read more: |
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Global Business
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SAN FRANCISCO (Reuters)—The world's largest retailer has asked the U.S. Supreme Court to halt a mammoth sex-discrimination case brought by its women workers, according to a Wednesday court filing. Read more: |
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