Duke Energy Corp. shareholders accused the board of exposing the company to billions of dollars in liability by failing to clean up coal-ash ponds in North Carolina, setting up another legal challenge for the largest U.S. utility owner after a …
A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of National Indemnity Company and its affiliates, and the FSR of ‘A’- (Excellent) and ICR of “a-” of Finial Reinsurance Co., …
Luke Savage, who has been Lloyd’s Director of Finance and Operations for ten years, will be stepping down from Lloyd’s later this summer, to become Chief Financial Officer of Standard Life. In connection with his departure Lloyd’s said it would …
Saga Plc, a provider of insurance and holidays to Britain’s over-50s, raised £550 million ($926.7 million) after selling shares at the bottom of the range used to canvass investor interest. The shares were sold at 185 pence [$3.117] apiece, the …
Assicurazioni Generali SpA, the insurer that is part of the investor group that owns 22.4 percent of Telecom Italia SpA, plans to sell its holding in June, Chairman Gabriele Galateri said. Galateri spoke today at an event in Milan. In …
Federal regulators are investigating complaints about safety problems at an automotive parts plant in Selma. The Selma Times-Journal reported the Occupational Safety and Health Administration is reviewing operations at seat manufacturer Renosol. A vice president with Renosol parent company Lear …
When the nine-person start-up he co-founded was bought by Facebook for a reported $15 million in January, Cemre Gungor, 27, was inundated with phone calls and emails from wealth advisers. Yet he spurned them all, opting instead to open an …
The North Carolina Senate on Thursday voted to make it a crime to disclose the chemicals used in hydraulic fracturing, or fracking, even as big U.S. oil companies elsewhere consider releasing more information about the fluids to address public concerns …
A bankruptcy judge’s decision that a General Motors Co. customer failed to state a valid claim against the estate of so-called Old GM was upheld by a federal judge in Manhattan. Such rulings don’t get overturned unless the court’s findings …
The government has no way of fully knowing which U.S. chemical facilities stock ammonium nitrate, the substance that exploded last year at a Texas fertilizer plant and killed 14 people, congressional investigators say. Outdated federal policies, poor information sharing with …
