Allianz SE, Abu Dhabi’s wealth fund and firms including Statoil ASA have mounted a multi-pronged battle against Norway to defend revenue and oil- and gas- industry projects valued at $20 billion. Owners in gas pipelines, led by Allianz and Abu …
Gjensidige Forsikring ASA, Norway’s largest insurer, sold its remaining 20.1 percent stake in life insurance and pension provider Storebrand ASA for 3.3 billion kroner ($546 million) as it focuses on general insurance. Gjensidige, based in Lysaker near Oslo, sold about …
Direct Line Insurance Group Plc, seen as one of the insurers most vulnerable to losses from the recent U.K. storms, said weather claims may cost as much £110 million ($183.6 million) as full-year profit jumped. Pretax profit rose to £423.9 …
The U.S. Supreme Court let consumers press ahead with class action lawsuits claiming that washing machines made by Whirlpool Corp. developed a smelly buildup of mold. The justices today turned away appeals from Whirlpool in a case filed by Ohio …
Liberty Mutual Holding Company Inc. and its subsidiaries today reported net income of $496 million for its 2013 fourth quarter, improving from a net loss of $234 million during the prior-year fourth quarter. The insurer benefited from stronger revenues and …
A faulty water heater flue pipe caused the carbon monoxide leak that killed a New York restaurant manager and sent more than two dozen people to hospitals, a fire official said. Huntington Chief Fire Marshal Terence McNally said the fumes …
Travelers has added Broad Form Plus+ to its portfolio of directors and officers (D&O) coverages as a way to protect against concerns above and beyond corporate liabilities. While many companies typically provide protection to their directors and officers for defense …
The U.S. Department of Labor’s Occupational Safety and Health Administration has cited G&J Pepsi-Cola Bottlers Inc. for seven workplace health and safety violations at its plant in Franklin Furnace, Ohio. The citation includes proposed penalties of $86,900. OSHA reported that …
The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Carol Callahan, doing business as Natural Advantage, for 19 serious safety and health violations at the Oakdale, La., facility. The citations stem from an August 2013 chemical fire …
An Ohio man has been ordered to repay nearly $60,000 in workers’ compensation death benefits, the Ohio Bureau of Workers’ Compensation reported. Adam Osterman pleaded guilty Feb. 13 in the Franklin County Court of Common Pleas to one count of …
