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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
