Insurer Ace has appointed Karen Griswold as senior vice president of its Commercial Marine unit. Griswold, based in Philadelphia, will manage all aspects of Ace’s Commercial Marine business in the United States. She is a 20-year veteran of the insurance …
ACE Limited announced that it has signed a definitive agreement to acquire New York Life’s Hong Kong and Korea life insurance operations for approximately $425 million in cash. ACE said the deal would expand its life insurance business “into two …
A former high school gymnast from Milford whose feet were severely injured when plywood boards fell on them as she set up a temporary floor for practice has settled with the school department for $625,000. Kaylee Ritchie was 14 when …
The earthquake and the subsequent tsunami, which struck the Mentawai Islands off of the Indonesian island of Sumatra has left at least 272 dead, with over 400 people still reported missing. Indonesian authorities are also trying to deal with the …
Two Virginia Tech professors have been awarded an $825,000 federal research grant aimed at reducing falls on residential construction sites. The grant from the National Institute for Occupational Safety and Health will focus on adapting industry safety equipment for use …
North Carolina employers’ costs for workers’ compensation will inch up next spring under an agreement reached between the state and insurers. The settlement ordered a 0.6 percent increase for voluntary market loss costs and 4.1 percent increase for the assigned …
School buses are safe enough without seat belts and students in many cases ignore a requirement to wear them, according to a study in Alabama released this week that found the straps would save the life of about one child …
The U.S. is hoping China will help persuade its manufacturers of tainted drywall to cooperate in helping homeowners fix their homes, the chairman of the Consumer Products Safety Commission said. Inez Tenenbaum, in Shanghai for meetings with her Chinese and …
American International Group Inc. may need a successor for Chief Executive Robert Benmosche sooner than it expected, but experts say it is not clear who that would be or how long they would be in charge. AIG said Monday that …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus Insurance (UK) Limited, Torus Specialty Insurance Company and Torus National Insurance …
