A mining foreman accused of forging safety inspection reports at a West Virginia coal mine says his boss put profit ahead of potential danger, telling him to stop production and evacuate the mine only if a federal inspector was watching. …
New Jersey-based insurer Selective Insurance Group Inc. has made several executive promotions. Anthony D. Harnett has been promoted to to senior vice president, corporate controller. Harnett joined Selective in September 1999 as a senior accountant and held various finance positions …
Criticism of the Kentucky League of Cities is mounting over a state audit that criticized its spending, and some member cities are withholding their dues. The Lexington Herald-Leader reported that some cities are displeased the KLC is keeping Deputy Director …
American International Group Inc. will receive a termination fee of $230.6 million if the sale of its Asian life insurance business to Britain’s Prudential PLC falls through. In a filing with the Securities and Exchange Commission late Friday, AIG said …
Chances remain high for major spring flooding in some Minnesota cities along rivers as a heavy winter snowpack melts, the National Weather Service said. But city officials remain confident their towns can handle high water that might approach 2001 flood …
Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., will testify Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett’s Berkshire Hathaway Inc, a judge ruled. New York State Supreme Court Justice …
AIG is selling its foreign life insurance unit to MetLife Inc. for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a massive U.S. government bailout. MetLife said Monday that it would …
ACE UK has appointed Victoria Keeble as Environmental Risk Underwriter. She will report to Wayne Harrington, UK & Ireland Manager – Environmental Risk and work within the London environmental team to underwrite business in this fast growing sector. Keeble has …
The UK’s Met Office recently completed a review of the latest climate research. The study “confirms our planet is changing rapidly and man-made greenhouse gas emissions are very likely to be the cause,” said the organization’s bulletin. “Long-term changes in …
Floods caused by heavy rains have cut off several townships in Australia’s northeastern Queensland state and caused hundreds of millions of dollars in damage, the state’s premier said Sunday. Premier Anna Bligh toured an affected community- St. George, a town …
