Cal/OSHA is advising all employers to protect their outdoor workers from the risks associated with heat illness with temperatures expected to be 15 to 25 degrees above normal in both Northern and Southern California. “Early in the season, especially as …
A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of State Automobile Mutual Insurance Company and its operating subsidiaries. Best has also affirmed the ICR of “bbb” of State …
Teodora Evanick has joined the Ted Todd Insurance Agency at its corporate headquarters in Bonita Springs, Florida. She will manage the agency’s day-to-day accounting activities. Initial responsibilities include bookkeeping and budgeting for the Allstate agency’s seven offices in south Florida. …
Two years ago, Warren Buffett, then 81, announced that the Berkshire Hathaway Inc. board had chosen his successor as chief executive officer. The board, he said, also had two backups, but all three names were to remain a secret. This …
A culture of cozy personal ties that can blur the lines between businesses and those regulating them, of profit over safety, and soft courts is in focus as South Korea demands answers over the sinking of a ferry with the …
RRJ Capital Ltd., run by Charles Ong, and his former employer Temasek Holdings Pte, have agreed to invest €1.28 billion ($1.8 billion) in ING Groep NV’s NN insurance business before the unit’s initial public offering. ING will get 750 million …
Munich Re’s net profit fell in the first quarter, said its chief executive on Wednesday, hit by low capital market interest rates that continue to weigh on investment income at the world’s largest reinsurer. The company does not officially release …
Bermuda-based Montpelier Re Holdings Ltd. Reported operating income for the first quarter of 2014 at $72 million, or $1.48 per common share, representing a quarterly return on common equity of 4.8 percent. Net income was $90 million, or $1.84 per …
U.S. Chamber of Commerce President and CEO Thomas J. Donohue recently met with BUSINESSEUROPE President Emma Marcegaglia and Director General Markus Beyrer, as well as leaders of business federations and companies from Croatia, Denmark, France, Germany, Greece, Iceland, Ireland, Italy, …
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the three months ended March 31, 2014, of $137 million, or $1.24 per diluted common share, compared with $303 million, or $2.55 per diluted common share, for …
