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OSHA Says Kansas’ Spirit Aerosystems Exposed Employees to Known Carcinogen

Federal safety regulators have proposed penalties totaling $194,006 against a Wichita, Kansas-based airline manufacturer for allegedly exposing its employees to a known carcinogen The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) cited aircraft manufacturer Spirit Aerosystems Inc. …

Nebraska to Remove Omaha-Made Guardrail End Caps Subject to Lawsuits

State transportation officials plan to remove highway guardrail end caps manufactured by a Nebraska company that have been the subject of lawsuits across the country alleging safety defects. The Nebraska Department of Transportation said in a news release that it …

A.M. Outlook Revised to Positive for Grinnell Mutual Reinsurance, Subsidiary

A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” of Grinnell Mutual Reinsurance Co. and …

Study: Urbanization Contributed to Deadly 2015 Wimberley, Texas Flood

The 40-foot wall of water that gushed down Texas’ Blanco River in May 2015, wiping out parts of Wimberley and killing more than a dozen people, was largely a natural phenomenon. But a new study shows that development along the …

Insurance Not Only Industry Facing Disruption from Driverless Vehicles

The link between property and transport has been perhaps the most durable in human history. Since the ancients, few things have delivered higher land values with more certainty than advances in transport, from roads to canals, railways to highways. It’s …

Shareholders Sue Wynn Board for Not Investigating CEO Accused of Misconduct

The board of Wynn Resorts has been sued by shareholders, claiming the board knew for years that Steve Wynn, founder and chief executive of the casino operator, had been accused of sexual misconduct and failed to investigate. The company declined …

Nationwide-Backed Fund to Acquire Solar Projects

Nationwide Mutual Insurance Co. and clean energy developer Sol Systems are investing $100 million into a fund they are forming to acquire U.S. solar projects. The Helios Infrastructure Fund plans to buy more than 330 megawatts of solar over the …

XL Group Attracts Interest from Allianz, Other Rivals as Potential Buyers

Bermuda-based insurer XL Group Ltd. is attracting interest from rivals including Allianz SE of Germany, according to people with knowledge of the matter. Interest from insurers in potentially acquiring XL, which had a market value of almost $10 billion at …

Japan’s SoftBank in Talks to Buy Stake in Swiss Re

Swiss Re said it is in preliminary talks to sell a minority stake to SoftBank Group – a deal that reportedly could be worth $10 billion or more, in what would be the Japanese firm’s biggest financial services deal to …

Alera Group Acquires Davidson Benefits Planning in Oregon

Alera Group has acquired Davidson Benefits Planning, headquartered in Tigard, Ore. Alera made the purchase along with the purchase of three other firms effective Feb. 1, bringing the total number of acquisitions since launching in January 2017 to 20. Davidson …

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