Swiss Re announced today that Berkshire Hathaway has acquired a three percent stake in the company. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss Re’s property/casualty business. Swiss …
Maryland Gov. Martin O’Malley’s administration is expected to propose legislation this week amending the state’s 25-year-old Critical Area Law to further restrict development along the Chesapeake Bay. Environmentalists say violators are rarely fined, and the penalties are too small to …
A commission helping redraft the regulatory framework for New York’s finance industry is considering placing greater emphasis on “principles” than on strictly defined rules, Gov. Eliot Spitzer said. Regulations based on broad guidelines — such as “observe proper standards of …
Wisconsin-based Wausau Insurance recently named Susan Doyle president and chief operating officer (COO). Wausau Insurance (“Wausau”) comprises the operations of Employers Insurance Company of Wausau, Wausau General Insurance Co., Wausau Business Insurance Co. and Wausau Underwriters Insurance Co. Wausau Insurance …
The North Carolina Labor Department says workplace deaths dropped 29 percent statewide in 2007, down to 46 from 65 the year before. The leading cause of workplace death was being crushed, with those accidents having claimed 18 lives last year. …
The federal Occupational Safety and Health Administration is investigating the death of a man at a McDowell County, W. Va., metal processing plant. Authorities say 46-year-old Mohegan, W. Va., resident Robert Lee Pack died after after an accident at Urps …
The Young Agents of North Carolina have raised $70,000 to fund the construction of a Habitat for Humanity house. The Young Agents are partnering with Habitat for Humanity of Wake County. During the past year, the Independent Insurance Agents of …
West Virginia officials said a Braxton County man pleaded guilty to one misdemeanor count of fraudulent schemes. According to a West Virginia Department of Insurance announcement, Fred Lee Morgan, 61, of Frametown, used his wife’s insurance to pay for medications …
January 23 2008 – Orange, CA – G.J. Sullivan Co., a member of Los Angeles-based The Sullivan Group, has appointed Sharon Haenig as Commercial Lines Manager for its office in Orange, CA. Sharon will be responsible for business development and …
A drug manufacturer won Supreme Court review last week of a $6.8 million verdict in the case of a woman whose arm had to be amputated after she was injected with one of its medications. A jury in Vermont awarded …
