American International Group has agreed to acquire Glatfelter Insurance Group, a prominent specialty insurance broker and program manager headquartered in York, Pennsylvania. The terms of the transaction were not disclosed. It is expected to close in the fourth quarter of …
Maritime officials say a 50-foot, custom-built yacht worth $1.5 million is likely a total loss after it was struck by a barge laden with sand and gravel in a Connecticut harbor. Capt. Eric Knott, Stamford’s harbormaster, tells the Stamford Advocate …
The National Weather Service has confirmed that the remnants of Hurricane Florence spawned a total of six tornadoes in Virginia earlier this week. Five of the tornadoes on Monday were spread across the Richmond metro area. A sixth tornado hit …
A federal appeals court says an insurance company must reimburse the Roman Catholic Archdiocese of Hartford nearly $1 million for payments the archdiocese made to settle sexual misconduct cases involving priests and minors. A three-judge panel of the 2nd U.S. …
The Allstate Corporation said estimated catastrophe losses for the month of August were $186 million, pre-tax ($147 million after-tax). Catastrophe losses occurring in August comprised 16 events at an estimated cost of $137 million, pre-tax, plus unfavorable reserve re-estimates of …
Want the best results out of your employees? Then be nice to them. New research from Binghamton University, State University at New York finds that showing compassion to employees almost always pays off, especially when combined with the enforcement of …
Shannon Liss-Riordan has been compared to “a pit bull with a Chihuahua in its mouth.” In a career spanning almost 20 years, the Boston-based lawyer has gone after corporations that have either harmed consumers or their own employees. She’s represented …
The Federal Aviation Administration (FAA) recently granted a waiver to State Farm to allow the insurer the ability to inspect damage caused by Hurricane Florence. The approval, received just last week, allows State Farm to operate an unmanned aircraft system …
Last Saturday, the National Aeronautics and Space Administration launched the Ice, Cloud and Land Elevation Satellite-2, which will monitor Earth’s ice sheets, recording changes in ice thickness as small as half a centimeter. The satellite will allow us to see …
Theresa May promised fresh plans to break the stalemate in Brexit negotiations after European Union leaders bluntly rejected her blueprint and warned that time is running out for striking a deal. A two-day summit in Salzburg, Austria, broke up without …
