Shareholders of American International Group Inc. strengthened their support for the U.S. insurance company’s executive compensation plan after the board made changes to its pay packages, according to vote totals AIG released on Thursday. Nearly 94% of the shareholder votes …
Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios. Executives, lawyers and analysts say …
A federal judge in Manhattan on Thursday partially dismissed a lawsuit by investors in General Electric Co. that accused the company of concealing $24 billion in insurance liabilities and using fraudulent accounting to prop up its power business. Judge Jesse …
General Electric Co. was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, saying it cost shareholders tens of billions of dollars. The complaint filed by …
Employees laid off by Spirit AeroSystems Holdings Inc. in 2013 filed a lawsuit earlier this month accusing the aircraft parts supplier of singling them out by age and disability. Twenty-four plaintiffs were named and another 150 may join the case, …
Employees laid off by Spirit AeroSystems Holdings Inc. in 2013 filed a lawsuit on Monday accusing the aircraft parts supplier of singling them out by age and disability. Twenty-four plaintiffs were named and another 150 may join the case, attorney …
The U.S. aviation regulator proposed rules on Sunday for commercial drone flights that would lift some restrictions but would still bar activities such as the delivery of packages and inspection of pipelines that have been eyed by companies as a …
As investigators hunt for what caused an AirAsia jet to crash in an equatorial storm on Dec. 28, the aviation industry is still struggling to apply the lessons of accidents in similar weather over the past decade. It is too …
The United States missed a year-end deadline for publishing new rules on remote-control aircraft, delaying an eagerly awaited step toward using drones in everything from farming to package delivery. Businesses have been clamoring for rules to allow commercial drone flights, …
UK insurer Pembroke Managing Agency, who recently began offering life coverage for would-be space tourists, said it has seen no increase in interest in the policy following the fatal crash of a Virgin Galactic test space ship last month. The …
