California investigators have concluded that a scaffolding company was to blame for the collapse of a walkway cover in San Diego that killed one man and injured at least 14 people in 2008. The California Division of Occupational Safety fined …
Warren Buffett has some explaining to do. Berkshire Hathaway Inc, his insurance and investment company, is in the midst of one of its worst stretches since Buffett took over the company in 1965. Berkshire’s shares have lost close to half …
Bothell, Wash.-based Vertafore announced a corporate reorganization to “One Vertafore,” a move that aligns the company’s business units to meet the changing needs of their customers. The company will organize around market segments rather than products by creating three business …
Britain’s banks must clean up their balance sheets and start rebuilding their operations, the Treasury chief said Wednesday as major lenders were in talks with the government for insurance of their shaky assets. Writing in Wednesday’s edition of the Financial …
The financial toll from the January ice storm in north Arkansas is estimated at $500 million, with most of the cost for restoring electric utilities. The three major utilities that sustained damage from the storm say they will spend close …
Texas-based Homeowners of America Insurance Company announced that Michael S. Cox has joined the firm as vice president and director of Marketing. Cox has more than 12 years of insurance industry experience with most of his career spent in property …
Terese Cefaioli has joined the CORE Business Group at TD Insurance, Inc. in Methuen, Massachusetts, where she will lead the group’s Life Science and Technology Practice throughout the region, including New England and the Mid-Atlantic states. Prior to joining TD …
OMG! Texting your BFF while driving could soon cost you. The Senate voted 33-6 Tuesday to pass Del. John Cosgrove’s bill to ban sending or reading text messages or e-mail while driving. The House passed the legislation 88-10 earlier this …
Financial services companies now pay the highest average premiums for directors and officers (D&O) liability insurance, surpassing rates paid by life sciences and technology firms, according to a report from Carpenter Moore. This shift in D&O pricing trends accelerated in …
A New Jersey insurance company agreed Tuesday to pay just over $239,000 to settle allegations that it offered improper incentives to a Boston-based brokerage firm. Massachusetts Attorney General Martha Coakley’s office said the Chubb Corp. will pay customers and the …
