May 13, 2014
The International Islamic Financial Market is working on common templates for structuring sukuk to reduce delays caused by disagreements between Shariah scholars. The standards-setting body is drafting frameworks starting with leasing contracts known as Ijara, Chief Executive Officer Ijlal Ahmed …
May 13, 2014
JPMorgan Chase & Co., the world’s biggest securities firm by revenue, named Piers Davison head of U.K. investment banking for the financial institutions group amid a shake-up of its advisory team for banks and insurers. Davison, who was head of …
May 13, 2014
San Diego, Calif. (May 13, 2014) – Atlas General Insurance Services is pleased to announce that it has been named a finalist by San Diego Business Journal’s 2014 Healthiest Companies Awards. This is the third consecutive year that Atlas has …
May 12, 2014
Residents in a small northwest Missouri town that took a direct hit from an EF2 tornado were busy on May 11 assessing damage and rescheduling events, like the coming high school graduation. The tornado Saturday evening in Orrick yanked roofs …
May 12, 2014
A company accused of falsely advertising the health benefits of its nationally distributed Dreamfields Pasta line has agreed to settle a class-action lawsuit and pay $5 million to consumers who bought the products in the last decade. The complaint, filed …
May 12, 2014
A Pittsburg County jury has awarded the city of McAlester more than $3 million in a judgment against a former city manager. The McAlester News-Capital reports that a 12-person jury awarded the city $3.35 million in damages. Federal investigators had …
May 12, 2014
Federal inspectors responsible for workplace safety appear not to know which firms and how many firms handle the dangerous task of cleaning the inside of railroad tankers that carry petrochemicals, a Houston Chronicle investigation has found. The Occupational Safety and …
May 12, 2014
The last remaining lawsuit arising from the deadly Texas A&M Bonfire lawsuit collapse has been settled almost 15 years after the collapse. The collapse of the 60-foot stack of more than 6,000 logs early the morning of Nov. 18, 1999, …
May 12, 2014
Ohio-based Motorists Mutual Insurance Co. has agreed to buy the stock of Consumers Insurance USA based in Murfreesboro, Tenn. Consumers Insurance will become a wholly owned subsidiary of Motorists Mutual under the agreement that is subject to stockholder approval and …
May 12, 2014
Great American Insurance Group promoted Jeffrey (Jeff) Cruey to divisional president of its specialty property and casualty agribusiness division. Cruey joined the company in 2011 as a divisional senior vice president within the specialty human services (SHS) division where he …