Monthly Archives: <span>January 2014</span>

Bill Giving White House ‘Fast Track’ Trade Pact Authority Filed But Passage Uncertain

U.S. lawmakers on Thursday proposed a bill to give the White House power to fast-track international trade agreements as the United States gears up for a hectic year of trade negotiations. The bill would let the administration put trade deals …

New Rail Oil Tank Car Safety Standards Expected This Month

U.S. officials have promised to issue within weeks new safety standards for the kind of tank cars involved in a spate of fiery derailments in recent months, a lawmaker said on Thursday. Rail cars carrying crude oil out of the …

‘Jeopardy’ Champ Watson Getting Own Division at IBM

International Business Machines Corp. is turning Watson, the technology that triumphed over human “Jeopardy!” contestants, into a separate division to help the computing-services giant return to growth. More than $1 billion will be invested in the IBM Watson Group, including …

Pressure Mounts to Improve Oil-Rail Safety; Older Tank Cars in Canada Crash

Political pressure to quickly improve the safety of crude oil rail shipments intensified in Washington on Thursday, while Canadian officials said two of the cars involved in the latest fiery derailment were of an older variety long faulted by regulators. …

China’s Fosun Buys 80% of Portugal’s Caixa Insurer for $1.36 Billion

China’s Fosun International Ltd. bought 80 percent of Portugal’s Caixa Geral de Depositos SA’s insurance unit for €1 billion ($1.36 billion), beating out U.S. buyout firm Apollo Management International LLP. Fosun International will buy the stake in the insurer with …

Zurich No. Am. Names Kleiman as Canada VP, Regional-Commercial

Zurich North America announced the appointment of Dan Kleiman as Vice President & Regional Leader, Canada Commercial, effective January 1.He “oversees the nearly 100 market-facing underwriters and underwriting managers who are part of the Commercial Markets regional field organization within …

Atlas General Insurance Services, LLC, Expands Marketing to the Northeast

San Diego, Calif. (Jan. 10, 2014) – Atlas General Insurance Services, LLC, a national multi-line program manager is pleased to announce the addition of Tom Hickey, CIC, from Yardley, Pa., to its marketing team. Hickey will be responsible for marketing …

Hike in Auto Insurance Rates Expected in Illinois

Illinois drivers should get ready to pay more for insurance. Northbrook-based Allstate says in a regulatory filing that rates for customers will climb between 2.5 and 3.5 percent later this month. Esurance rates are rising about 3.2 percent in late …

Iowa-Based Insurance Company Sues Google over Copyrighted Photo

A Des Moines, Iowa, insurance company is suing Google, demanding it remove a copyrighted photo from a private blog that mocks corporate headshots. ARAG North America and Ann Dieleman, a senior vice president and chief marketing officer for the insurance …

IMA Names Dingman ERM Director in Colorado

IMA Inc. named Rick Dingman director of enterprise risk management. Dingman will work with the operations teams and sales teams in developing and marketing alternative risk strategies designed to maximize risk efficiencies for IMA’s larger clients. He’s based in the …