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Insurance broker Marsh announced the appointment of Gary Grose as U.S. marketing director. Grose joins Marsh with 20 years of insurance industry marketing and sales experience. He reports to Jack Butcher, U.S. sales and marketing leader, and will be based …

Grose Named U.S. Marketing Director for Marsh

Insurance broker Marsh announced the appointment of Gary Grose as U.S. marketing director. Grose joins Marsh with 20 years of insurance industry marketing and sales experience. He reports to Jack Butcher, U.S. sales and marketing leader, and will be based …

Ratings Recap: Argus, Universal No. Am., DTRIC, Knights of Columbus

A.M. Best Co. has downgraded the financial strength rating to ‘D’ (Poor) from ‘C-‘ (Weak) and issuer credit rating to “c” from “ccc-” of Florida-based Argus Fire & Casualty Insurance Company, both with negative outlooks. “These rating actions reflect Argus’ …

Ocean Conference Seeks Ways to Stem Climate Change

Participants in a major conference in Indonesia this week have a rare opportunity to seek political commitment to utilizing the world’s oceans in the fight against climate change, a top official from the host country said. The World Ocean Conference …

How Climate Change Affects GDP

Southeast Asia faces one of the world’s highest climate change bills, the Asian Development Bank said on Monday, unless the region adapts to climate change and joins the rest of the world in cutting greenhouse gas emissions. The destructive effects …

G-20 Leaders Blacklist 4 Tax Havens

Four nations were blacklisted as uncooperative tax havens Thursday after G-20 leaders declared the age of banking secrecy was over and said they would no longer tolerate shady havens draining away badly needed tax revenue. At the request of the …

G20 Seals $1.1 Trillion Deal

World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. U.S. President Barack Obama declared it a “turning point” …

AIG’s Top Asia Executive Tse Retires

Edmund Tse, the top American International Group Inc. executive in Asia, is retiring, the troubled insurer said on Friday. Tse, who is in his early 70s, has worked at AIG since 1961, and was once considered a top candidate to …

Texas Lawmakers Try to Undo Drivers License Identification Rules

Some Democratic lawmakers joined by Texas residents who have had trouble getting drivers’ licenses under new Department of Public Safety rules are pushing for legislation that would undo a policy they say harms U.S. citizens and legal immigrants. Rep. Ruth …

Easing Government Aid Terms Among Options Discussed by AIG, U.S.

The U.S. government may agree to finance the purchase of some American International Group Inc businesses and take direct stakes in others, a person familiar with the matter said Thursday. The wide range of options under discussion between the insurer …