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

Guy Carpenter’s Bufkin Joins Hamilton USA

Hamilton Insurance Group today announced that Barbara C. Bufkin will be joining its U.S. operations, Hamilton USA, as executive vice president, Business Development. Reporting to Hamilton USA CEO Conan Ward, Bufkin will be responsible for distribution, marketing and sales strategies, …

Florida Insurance Scammer Steinger Appeals Prison Sentence

The man who masterminded an $800 million Florida insurance scam that fleeced more than 30,000 investors is appealing his 20-year prison term. The attorney for 64-year-old Joel Steinger filed notice of appeal this week in Miami federal court. Steinger was …

Solar Storm Headed for Earth But Only Slight Effects Expected

A strong solar flare is blasting its way to Earth, but the worst of its power looks like it will barely skim above the planet and not cause many problems. It has been several years since Earth has had a …

OSHA Revises Reporting Rule for Worker Injuries

The U.S. Occupational Safety and Health Administration (OSHA) has issued a final rule requiring employers to notify OSHA when an employee is killed on the job or suffers a work-related hospitalization, amputation or loss of an eye. Under the revised …

U.S. Treasury Eyes Hedge Funds’ Use of Low-Tax Bermuda Reinsurers

The U.S. Treasury Department said it’s considering ways to end a “loophole” that allows hedge- fund managers to avoid taxes by routing their investments through an insurance company in low-tax countries like Bermuda. The Treasury, in an Aug. 9 letter …

3i Group’s Montague Replaces McFarlane As Aviva Chairman

Aviva Plc, the U.K.’s second- largest insurer by market value, named Adrian Montague as non- executive chairman, replacing John McFarlane, who is taking up the same job at Barclays Plc. Montague, 66, who joined the board of Aviva in 2013, …

Court Denies Players’ Appeal of NFL Concussion Claims Deal

A group of retired National Football League players can’t appeal a judge’s preliminary approval of a $765 million settlement of concussion claims with the NFL they say excludes compensation for future deaths. The U.S. Court of Appeals in Philadelphia today …

London Financial Leaders Weigh Risks of Scotland Shock

As Scotland stares history in the face, London’s financial guardians are preparing for their worst-case scenario. Six days before a referendum that could see Scotland ending its 307-year political bond with the United Kingdom, officials at the Bank of England …

Odile Nears Hurricane Strength in Pacific; Edouard Forming in Atlantic

Tropical Storm Odile may become a hurricane today off Mexico’s Pacific coast, while Tropical Storm Edouard formed in the Atlantic, the U.S. National Hurricane Center said. Odile, with top winds of 60 miles (97 kilometers) per hour, is 245 miles …

Post-Tornado Teardowns Continue in Mississippi City

Tupelo, Mississippi officials say they’re deciding whether to require demolition of buildings damaged by the April 28 tornado on a case-by-case basis. Last week, the City Council ordered the owner of the Comfort Suites hotel in the hard-hit North Gloster …