The parent company of a Charleston restaurant will pay $1.1 million to the family of a man killed in a drunken driving crash that authorities say was caused by one of the restaurant’s employees. Investigators said 32-year-old Adam Burnell had …
Warren Buffett’s ice-cream-to-insurance conglomerate Berkshire Hathaway reported a smaller profit for the second quarter on Friday as losses on derivatives dragged down results, though operating income set the new records Buffett predicted. Buffett eschews derivatives for the most part, but …
Selected earnings highlights from the Bermuda-based AXIS Capital Holdings for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.014375 bn $1.046163 bn Net premiums written ————— $801.575 mn …
New York’s top bank regulator threatened to strip Standard Chartered Plc of its state banking license, saying the British bank was a “rogue institution” that hid $250 billion in transactions tied to Iran, in violation of U.S. law. The New …
Tropical Storm Ernesto is gaining strength as it moves west-northwest at around 13 mph, 20 km/h, according to the latest bulletin – 5:00 a.m. EDT – from the National Hurricane Center in Miami. As it moves along the forecast track …
“Increased regulatory, shareholder and media scrutiny combined with volatility in the global economy means that serving on the board of a company has never been so risky,” according to a report from Willis Group Holdings – its latest “Boardroom Guide …
Seattle, Wash.-based Physicians Insurance A Mutual Company has acquired Emergency Medicine Professional Assurance Co. (EMPAC) and SCRUBS risk retention group management companies. Through this acquisition Physicians Insurance now can offer alternative risk financing options to physicians, clinics, hospitals, their respective …
Walnut Creek, Calif.-based Heffernan Insurance Brokers named Tristan Gardner to its San Francisco office as assistant vice president, focusing on Benefits. Gardner has worked as a regional sales representative for a life insurance carrier and most recently as a group …
Lockton Omaha named Shane Jacobsen vice president and producer on its health and welfare team in Omaha, Neb. Jacobsen will be responsible for employee benefits consulting and new business development in health and welfare insurance for clients. Most recently, Jacobsen …
A pilot program now underway in New York State will allow large universities to self-fund student health plans, with the goal of providing health coverage to students at a lower cost. The program is the result of legislation that New …
