Two former executives of Marsh & McLennan Cos. Inc., the largest insurance brokerage in the world, went on trial this week for what prosecutors said were their roles in a lucrative bid rigging scheme. William Gilman, who was executive marketing …
Argonaut, PXRE Argonaut Group Inc., a specialty underwriter headquartered in San Antonio, Texas, and PXRE Group Ltd., a Bermuda-based property reinsurer, agreed to a merger under which the combined entity will do business as Argo Group International Holdings Limited. Argo …
Travelers Oil & Gas recently launched an emergency response planning guide for managing well blowouts that occur on U.S. oil and gas land drilling operations. According to the company announcement, it is the first-ever such resource to provide a framework …
A federal judge on Jan. 30 approved a settlement between Murphy Oil Corp. and about 6,000 St. Bernard Parish, La., homeowners over an oil spill that happened during Hurricane Katrina. In a three-page ruling, U.S. District Judge Eldon Fallon called …
A federal judge has thrown out key provisions of a 2004 Massachusetts law aimed at preventing oil spills, ruling that the statute is pre-empted by federal law and therefore unconstitutional. The Legislature passed the Oil Spill Prevention Act after a …
The Delaware River and other waterways around the nation will be better protected from oil spills under legislation approved Tuesday by Congress, according to one of the measure’s co-sponsors. The Coast Guard and Maritime Transportation Act of 2006 establishes higher …
Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger and safer. Two escort vessels guide the tankers out of Prince William Sound. And …
Oil pipe corrosion big threat as Alaska marks Exxon spill anniversary Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger and safer. Two …
Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger, with double hulls and redundant operating systems for safety. Two escort vessels guide the …
Fitch Ratings announced that it has downgraded the class B and C variable-rate notes of Avalon Re Ltd. and placed all of the notes in classes A, B and C on Rating Watch Negative. “The class B variable-rate notes were …
