Bayer CropScience has agreed to pay a $143,000 fine to resolve safety citations stemming from a fatal explosion at its Institute, West Virginia plant in 2008. Bayer said that the citations are principally related to the plant’s methomyl unit where …
An Alabama trucking company involved in a crash that killed 11 people in Kentucky had a poor safety rating from federal regulators, repeatedly failing roadside inspections. The Federal Motor Carrier Safety Administration gave Hester Inc. a “deficient” rating of 88.4 …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the New York-based Tower Group Companies and its pooled and reinsured members. Best also affirmed the FSR of ‘A-‘ …
After two years of secrecy, the Federal Reserve Bank of New York is disclosing key details about billions of dollars of risky investments it bought while rescuing insurance giant American International Group Inc. and supporting the sale of failed investment …
Standard & Poor’s Ratings Services has affirmed its ‘A-/A-1’ counterparty credit ratings on American International Group Inc, as well as its ‘A+’ counterparty credit and financial strength ratings on its insurance subsidiaries, Chartis and SunAmerica Financial Group. The outlook for …
The U.S. Treasury Department Thursday named two former executives of E-Trade Financial and Electronic Data Systems to serve on the the board of directors of American International Group, the insurer bailed out by the federal government. The appointments are Donald …
Hartford Financial Services Group Inc. will restructure itself under a plan to reignite growth by courting small- and medium-sized businesses as clients and reining in risk. The announcement of the plan comes a day after the insurer, the 10th-oldest company …
American International Group Inc.’s chief executive said Thursday he is “pretty comfortable” the bailed-out insurer will be able to repay the U.S. government before the 2013 expiration of its credit line. AIG, which has been selling assets to repay the …
Zurich Financial Services Group has announced the appointment of Cecilia Reyes, 51, a Swiss and Philippine citizen, as Chief Investment Officer and member of the Group Executive Committee, effective April 1. She reports directly to CEO Martin Senn. Reyes is …
Willis Group Holdings announced that six new members have joined its Willis Networks – partnerships with local, independent insurance brokers in the UK – which now totals 106. Willis Networks is made up of the Willis Commercial Network (WCN), “which …
