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Montana, Feds To Seek Damages From Exxon Spill

Montana and federal officials say they’ll seek compensation from Exxon Mobil Corp. for natural resource damages caused by a crude oil spill into the Yellowstone River. Thursday’s announcement comes two years after an Exxon pipeline near Laurel broke during flooding …

AIG’s Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline

American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as underwriting margins improved at the property-casualty business. Net income rose to $2.17 billion, or $1.46 a share, from $1.86 …

Maryland’s Chesapeake Employers: Business as Usual for Policyholders, Agents

Maryland’s largest writer of workers’ compensation insurance and the insurer of last resort adopted a new name and a new corporate structure in October. The 99-year-old Injured Workers’ Insurance Fund (IWIF) officially became Chesapeake Employers’ Insurance Company on Oct. 1 …

California City’s Bid To Close Sriracha Plant Denied

A judge has refused to order an immediate halt to production of the internationally popular hot sauce Sriracha at a Southern California factory that local residents say is stinking up their neighborhoods with pepper and garlic fumes. In rejecting the …

9 with Cancer Sue DuPont Over West Virginia Plant Chemical

Nine Ohio and West Virginia residents who have cancer and other diseases have filed federal lawsuits this month against chemical giant DuPont Co. The lawsuits accuse the Wilmington, Del.-based company of knowingly contaminating drinking-water supplies with a chemical known as …

U.S. Weighs Scanning Social Media to Prevent Risky Hires

The U.S. government is studying whether it can scour social media websites for clues about potential risks from workers such as Edward Snowden and the Washington Navy Yard shooter. Snowden, a former National Security Agency contractor who leaked government secrets, …

Insurer Alleges Robotic Surgery Firm Lied About Claims

Intuitive Surgical Inc., the maker of robotic surgery devices targeted by patient lawsuits, was sued by an insurer alleging the company hid the number of legal claims it might face when buying product liability insurance. Illinois Union Insurance Co. seeks …

Lost Pheasants, Disappearing Grasslands: Is Crop Insurance to Blame?

The hunters tramp through neck-high prairie grass with a pair of golden retrievers named Moe and Buck, flushing out birds in a freezing autumn drizzle. When one flutters from the South Dakota grassland, Dick Schmith, 58, calls “rooster!” Guns rise …

Emerging Economies Nearing Half of Global Warming Emissions

Total greenhouse gas emissions by China and other emerging nations since 1850 will surpass those of rich nations this decade, complicating U.N. talks about who is most to blame for global warming, a study showed on Thursday. Developing nations accounted …

AXIS Capital Reports $137 Million Q3 Net Income; $512 Million 1st 9 Months

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the third quarter of 2013 of $137 million, or $1.21 per diluted common share, compared with $223 million, or $1.82 per diluted common share, for the third …

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