Mistakes by construction workers at the Tennessee Valley Authority’s Watts Bar reactor project, described last Friday by the utility’s chief executive as potentially fatal, idled about 1,000 workers temporarily for a safety talk. TVA ordered an unpaid safety work stoppage …
German reinsurer Hannover Re AG says it expects the fatal capsizing of the Costa Concordia cruise ship to cost it tens of millions of euros (dollars).Hannover Re said it expects losses of some (euro) 30 million ($39 million) from marine …
Philadelphia Insurance Cos. has started offering coverage for sleep centers and laboratories, a growing industry designed to help combat serious health problems that cost the economy millions of dollars. Scientists have identified more than 80 sleep disorders, including insomnia, sleep …
Travelers Companies Inc. reported a smaller profit for the fourth quarter, as it released less money from its reserves than a year earlier, though it also reported its biggest rate increases in eight years as the industry returned to pricing …
The new Consumer Financial Protection Bureau said on Monday it would coordinate rulemaking and enforcement with the Federal Trade Commission to avoid duplication. Richard Cordray, the recently appointed director of the CFPB, and FTC Chairman Jon Leibowitz signed a memorandum …
When your health insurance provider denies an experimental treatment or a high-cost drug, how much are you willing to pay for the care you believe you need? Barby Ingle, a former cheerleading and dance coach at Washington University who now …
Grass Valley, Calif.-based Networked Insurance Agents has signed on with LexisNexis Risk Solutions Insurance Exchange, a significant step for LexisNexis into the West, the collaborative insurance placement platform said. Networked Insurance Agents has roughly1,200 small- to mid-sized independent member agencies. …
Former Red Sox catcher Doug Mirabelli has earned another victory, this time off the field. An arbitration panel ruled on Jan. 13 that Merrill Lynch must repay Mirabelli more than $1.2 million in damages and fees for providing inappropriate investment …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Ohio-based American Modern Home Insurance Company (AMHIC) and its subsidiaries. The outlook for the ratings is stable. Germany’s Munich …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Harleysville-Atlantic Insurance Company, which is based in Atlanta, and Harleysville Insurance Company of Ohio, following their December 31, 2011 …
