Drivers worried about missing a red light or being hit by cars darting out from hidden alleys in Japan may receive assistance from new technology being developed by Nissan. All the world’s automakers are working on automatic braking and other …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Japan’s Toa Reinsurance Company, Limited; however, the rating outlook is negative. “The ratings reflect Toa Re’s strengthened capitalization, solid presence …
California Gov. Arnold Schwarzenegger signed AB 1835 by Assemblymember Sally Lieber, D-Mountain View, that will raise the minimum wage to $8 an hour by Jan. 1, 2008, which is greater than any other state. “Raising the minimum wage is something …
Oakland, Calif.-based EQECAT Inc., an affiliate of ABSG Consulting Inc. and an extreme-risk modeling company, announced that during the first eight months of 2006, it conducted seven risk analysis projects for catastrophe bond transactions totaling $1.9 billion. “While it is …
Lloyd’s Chairman Lord Levene welcomed His Excellency Lee Hsien Loong, Prime Minister of Singapore, and a host of senior executives from across the insurance market, government and business at a dinner held in the Merchant Taylors’ Hall in London on …
Towers Perrin has named Steve Taylor-Gooby as managing director for its Tillinghast business. In his new role, Taylor-Gooby will assume responsibility for establishing overall strategic direction, key investment priorities and positioning for Tillinghast’s global organization. He was previously the Global …
Dell Inc. and Apple Computer Inc., which recalled nearly 6 million notebook batteries between them this month, are among PC makers planning to meet next month to discuss setting design and safety standards for lithium-ion batteries used in portable electronic …
If Hurricane Katrina had not devastated New Orleans, James DeAngelis says he would still be there hooked on crack, cocaine, marijuana and alcohol _ his life for the past decade. After the hurricane, the 39-year-old ended up in Madison, where …
In past years, 25-year-old law school graduate Hiroyuki Ichikawa would have been facing an almost impossible task — a bar exam with a 97 percent failure rate. Now, his chances are closer to 50-50. In the most sweeping reform of …
France’s AXA Group has appointed Philippe Donnet to the position of AXA Group Regional CEO – based in Singapore – to oversee AXA’s principal insurance businesses in the Japan & Asia-Pacific region, effective October 1. The appointment confirms AXA’s intention …
