Chris Rhoden has joined Guarantee Insurance Co., a subsidiary of Patriot Risk Management, Inc., as an underwriter for alternative markets. Rhoden will co-lead Guarantee’s underwriting team focused on the professional employer organization (PEO) and staffing industries. Before joining Patriot, Rhoden …
A Fulton County judge tossed an attempt by two insurance companies that sought to block an ethics investigation into contributions to Republican gubernatorial hopeful John Oxendine. Judge Kimberly Esmond Adams said in her ruling last Friday that the commission has …
A payroll services company that had naming rights to Nashville’s arena gave off signs of financial trouble for several months before FBI agents raided it July 6. Sommet Group of Franklin, Tenn., is embroiled in a federal criminal probe for …
Professional services firm Towers Watson has named Sean P. McDermott as a director of P&C consulting services. McDermott, who is based in the company’s Philadelphia office, is responsible for expanding the company’s presence in the P&C insurance market, with a …
Fishermen in Mississippi say they are angry that under the terms of BP’s $20 billion oil spill fund, money they earn doing clean-up will be subtracted from their claim against the company. The fishermen reacted after Kenneth Feinberg, the federal …
Shareholders angry about BP Plc’s battered stock price are heading to the courthouse in hopes of reclaiming some of their losses, but they face an uphill battle. Since the Deepwater Horizon oil rig exploded in April, several BP shareholders have …
Goldman Sachs put one headache behind it by settling with U.S. securities regulators, but it looks like a tempting deep pocket for banks and hedge funds that bought subprime-backed mortgage securities. A day after the U.S. Securities and Exchange Commission …
Deutsche Bank is set to buy American International Group Inc.’s building at 72 Wall Street for about $60 million from a consortium including South Korea’s Kumho Investment Bank, a person with knowledge of the deal said on Monday. The sale …
Eurotunnel SA on Monday reported a €45 million ($58.5 million) loss in the first half of this year because of delayed insurance payouts from a 2008 fire in the tunnel it operates beneath the English Channel. The undersea tunnel operator …
The National Hurricane Center in Miami is currently tracking a “vigorous tropical wave located over Puerto Rico and the Virgin Islands.” So far the disturbance has produced only “widespread cloudiness and thunderstorms across the northern Leeward Islands, the Virgin Islands, …
