A baseball fan has settled a lawsuit that claimed he was kicked out of Yankee Stadium by a police officer because he left his seat to use the bathroom during the playing of “God Bless America.” Boston Red Sox fan …
Wells Fargo Insurance Services has named Joseph Norick, based in Sherman Oaks, Calif., vice president and practice leader for Wells Fargo Special Risks’ National Equine Group. He is responsible for operations, carrier relationships, sales, and placement of all equine products …
U.S. Treasury Secretary Timothy Geithner is expected to propose on Friday giving securities and futures regulators authority to police the largely unregulated over-the-counter derivatives market, according to a document obtained by Reuters. “Our plan will help prevent market manipulation, fraud …
American International Group is preparing to pay next week millions of dollars more in bonuses to dozens of corporate executives, a source familiar with the development said. AIG has been talking with Washington’s newly-appointed compensation czar Kenneth Feinberg about the …
Validus Holdings Ltd. said it has agreed to buy Bermuda reinsurance rival IPC Holdings Ltd. for $1.65 billion in cash and stock, beating another rival, Flagstone Reinsurance Holdings Ltd, and likely ending a months-long bidding war. On a conference call …
Bermuda-based PartnerRe Ltd. announced that David Zwiener has been appointed to fill a vacancy on its Board of Directors effective July 7, 2009. Zwiener, aged 54, is an experienced insurance industry executive. Between 2000 and 2007 he was President and …
New research by Marsh has determined that “British organizations are more concerned during the recession by overseas risks affecting their supply chains and business rather than by threats closer to home.” In its new Business Continuity Management (BCM) survey, “Facing …
The G8 summit made scant progress towards a new U.N. climate treaty due to be agreed in December with some nations back-pedaling on promises of new action even before the end of a meeting in Italy. “This hasn’t given me …
Hawai’i Insurance Commissioner J. P. Schmidt has approved Universal Insurance Holdings of North America’s (Universal North America) purchase of ICAT Specialty Insurance Co.(ISIC). Universal North America writes homeowners, dwelling, fire, and flood policies, and has been in the Hawaii market …
A Hawaii judge has blocked Gov. Linda Lingle from forcing thousands of public employees to take three unpaid days off per month, dealing her a setback in efforts to tame a huge state budget gap. Unions opposed to the furloughs …
