A Michigan man has sued Wal-Mart Stores Inc. for firing him after he tested positive for medical marijuana he was using legally to treat pain from an inoperable brain tumor and sinus cancer. Joseph Casias, 30, said he was fired …
Tropical storm Alex slowed oil spill clean-up and containment work in the Gulf of Mexico and drove more petroleum into fragile Gulf wetlands and beaches Thursday, with any permanent fix to BP Plc’s ruptured deep-sea well still several weeks away. …
American International Group Inc. Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company’s Asian life unit, have agreed to work out their differences, a source familiar with the situation said Thursday. AIG’s …
Earlier this year Tom Bolt took over one of the most important positions at Lloyd’s. As Director of Performance Management, he heads a team that oversees the business plans and the performance of all of Lloyd’s syndicates. His mandate is …
Catastrophe risk modeling firm AIR Worldwide estimates that insurable losses (losses from properties that are eligible for insurance, whether or not they are actually insured) from Hurricane Alex are not expected to exceed $200 million. AIR explained that since “insurance …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Swiss-based Glacier Reinsurance AG (Glacier Re) (Switzerland), and has removed the ratings from under review with negative implications and assigned …
Aon Benfield has released its July first “Renewals Update” report, which indicates that “rates continue to decline in all major regions without significant catastrophe loss activity in the last 12 months.” Aon noted that the effects of the Chilean Earthquake …
All sixteen members of the Caribbean Catastrophe Risk Insurance Facility (CCRIF – www.ccrif.org) have renewed their policies for hurricane and earthquake coverage for the 2010/11 year beginning on June first, the start of the hurricane season. The National Oceanic and …
EU Energy Commissioner Guenther Oettinger plans to issue additional requirements for operators of oil platforms in European waters in the autumn, he said in a German media interview published on Friday. The requirements would include recommendations for prevention and compensation …
Wichita, Kan.-based the IMA Financial Group Inc., a diversified financial services company specializing in insurance, asset and risk management, has hired Emily Aronis as an account manager in its IMA of Kansas health risk management practice, Life IQ. Prior to …
