Michael Tipsord, State Farm president and chief operating officer who first joined the insurer in 1988, will succeed outgoing CEO Edward B. Rust Jr. in September as chief executive officer. Rust, in speaking during a company wide telecast, said the …
Property/casualty insurance companies, which already pay into state guaranty funds to backup claims of their insolvent peers, don’t want to have to also pay into a federal fund to cover failures of larger and riskier financial services firms. Leading p/c …
$5.26 million A hefty pay raise was given to State Farm Insurance’s chairman and CEO after the company posted a record profit last year. Chairman and Chief Executive Officer Ed Rust Jr. got a $5.26 million raise. He earned $11.66 …
$5.26 million A hefty pay raise was given to State Farm Insurance’s chairman and CEO after the company posted a record profit last year. Chairman and Chief Executive Officer Ed Rust Jr. got a $5.26 million raise. He earned $11.66 …
42 The number of chemical plants in New Jersey affected by the state’s expanded chemical safety rules. Chemical facilities using extremely hazardous substances must now weigh using safer options and plant workers can now join state inspections under new rules …
$400 million The amount it would cost to replace a key weather satellite that is already beyond its expected life span if it fails, according to National Hur-ricane Center Director Bill Proenza. He said the satellite, designed to last five …
$47.5 million The total damages ordered to be paid by Merck & Co. after an Atlantic City, N.J., jury found its painkiller Vioxx contributed to an Idaho postal worker’s heart attack, reversing the verdict in the man’s first trial. It …
42 The number of chemical plants in New Jersey affected by the state’s expanded chemical safety rules. Chemical facilities using extremely hazardous substances must now weigh using safer options and plant workers can now join state inspections under new rules …
$47.5 million The total damages ordered to be paid by Merck & Co. after an Atlantic City, N.J., jury found its painkiller Vioxx contributed to an Idaho postal worker’s heart attack, reversing the verdict in the man’s first trial. It …
$400 million The amount it would cost to replace a key weather satellite that is already beyond its expected life span if it fails, according to National Hur-ricane Center Director Bill Proenza. He said the satellite, designed to last five …
