More adults over age 65 are staying in the work force, which could make it harder for younger workers to find jobs, a private report showed Friday. Older workers have delayed retirement because of a drop in household wealth tied …
Massey Energy Co. said Friday it will increase coal production at its other mines to compensate for production lost at the West Virginia mine where at least 25 miners died in a blast this week. It expects to reopen the …
A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and issuer credit rating (ICR) to “a” from “a-” of American Summit Insurance Company (American Summit). Concurrently, Best affirmed the FSR of A (Excellent) …
The aging of Europe may open opportunities to sell savings products, but it also spells a real threat to parts of the financial services industry. Pensions experts call it the “toxic tail.” Like the subprime crisis faced by by banks …
Piracy off the coast of Somalia is getting worse, partly due to the legal limbo that has led some countries to release captured suspects, Russia’s U.N. envoy said this week. Over the past year and a half, the U.N. Security …
A group of parents is suing Detroit Public Schools, two security guards and three men charged in the fatal shooting of one teen and wounding of three others. The Detroit Free Press reported that Bridget Walker, Kenota Slater, Carol Merriweather …
Martin A. Schwartzman has been named first deputy superintendent of the New York State Insurance Department, making him second in command of the department. In February, he was named deputy superintendent for strategic planning and market initiatives. Prior to that, …
The eyewitnesses are everywhere, watching everything. Break-ins. Bank heists. Convenience store robberies, purse snatchings and shopping sprees charged on stolen credit cards. All these incidents and more caught in the unflinching gaze of surveillance cameras. “In this day and age, …
The U.S. mining industry may face additional regulations following this week’s deadly explosion at a West Virginia coal mine. Key lawmakers have vowed to look into the accident at Massey Energy’s Upper Big Branch Mine, which killed at least 25 …
New Jersey Insurance Commissioner Tom Considine will join executives from the ACE Group on Monday to mark the opening of ACE’s new office in Jersey City. The office will employ 130 people in insurance, legal, claims and underwriting positions and …
