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

FM Global to Add 36 New IT Positions in R.I. Headquarters

FM Global, the Johnston, R.I.-headquartered business property insurer and Rhode Island’s largest private company, said this week it is planning to add 36 new information technology positions at its corporate offices. FM Global said it is seeking software engineers, business …

Hub Opens Commercial, Benefits Office in Northern California

Hub International Insurance Services Inc., a leading international Insurance brokerage, announced Friday that it has officially opened its San Francisco, Calif. commercial markets and benefits group office in the heart of the city’s financial district at 180 Sutter, Suite 400. …

Tennessee Senate Approves Guns-in-Parks Bill

A measure to do away with local government’s power to decide whether to allow firearms in public parks has passed the Senate. The measure sponsored by Republican Sen. Stacey Campfield of Knoxville was approved 26-7. The Legislature in 2009 gave …

Millions in Aid for Drought-Stricken California Promises Obama

U.S. President Barack Obama is offering millions of dollars in aid and other assistance to California farmers, ranchers and communities beset by one of the worst droughts in the state’s history. The federal help will be detailed today by Obama …

West Virginia Denied FEMA Grant for Chemical Spill

Federal officials have denied West Virginia’s request for emergency grants to reimburse first responders, nonprofits and public agencies that assisted during last month’s chemical spill. FEMA said in a letter that the spill “was not of such severity and magnitude” …

AIG Cutting Jobs, Moving Others to Lower Cost Cities

American International Group Inc. Chief Executive Officer Robert Benmosche is increasing returns for shareholders as he targets job cuts to simplify the firm. AIG boosted its quarterly dividend by 25 percent to 12.5 cents a share and authorized another $1 …

Financial Services, Retail Groups Team Up on Cybersecurity

U.S. banks and retail groups announced on Thursday that they are joining forces to work on cybersecurity, a sign they are trying to move past recent squabbles over who is to blame for data breaches. The Financial Services Roundtable, Retail …

AIG Posts Q4 Profit; Commercial Combined Ratio at 107.7

Insurer American International Group on Thursday raised its dividend and announced more share buybacks as its fourth-quarter earnings beat expectations, swinging to a profit compared with a year-earlier loss. The company also said it expects to reduce its global workforce …

UK’s BMS Names Darling New Group Corporate Governance Director

BMS Associates Limited, the independent specialist insurance group, has appointed Angela Darling as its new Group Corporate Governance Director with effect from early March. The newly created post “will bring together the Group’s risk management, compliance, corporate governance, corporate legal …

Thieves Take More than $100K in Wire, Equipment from Kansas Plant

Police say thieves cost a south Wichita, Kan., pavement recycling center more than $100,000. The Cornejo plant crushes old highway pavement into small rock for new pavement. Plant supervisor Jon Lewman says the thieves cut through a lock, shut off …