Drills boring into a West Virginia coal mine Wednesday carried hope for a “miracle” rescue of four miners missing after a blast killed 25 people in the worst U.S. mine disaster in a quarter century. The explosion happened Monday at …
Washington Holdings, a private real estate company, said Tuesday it bought the St. Regis Monarch Beach Resort, which became infamous after American International Group Inc executives spent lavishly there weeks after a receiving a tax-payer bailout. Seattle-based Washington Holdings paid …
Amid wind-whipped exhaust fumes and an early March cold front, Connecticut insurance agent Michael Gergler ducks inside the lobby of the Wardman Park hotel in Washington, D.C. and surveys the lobby where roughly 150 other insurance agents have gathered. It’s …
In less than a decade and with little opposition, Chicago has linked thousands of cameras in a network covering most of the city, creating the most extensive and sophisticated video surveillance system in the United States and one that is …
Chicago-based CNA Financial Corporation has appointed new commercial underwriting officers in several branch offices. The following commercial underwriting officers are scheduled to begin their new roles in April: Jamie Gibbins has more than 20 years of insurance experience. She began …
The former head of the American International Group division that nearly bankrupted the giant insurer isn’t out of the woods yet. Joseph Cassano, who ran London-based AIG Financial Products and oversaw its disastrous accumulation of credit default swaps, looks likely …
The Supreme Court indicated this week it could prohibit foreign investors from using U.S. securities law and American courts to sue a foreign bank for fraud. The court heard argument in a challenge from Australian investors who want to sue …
Washington, D.C.-based Clements International, which specializes in providing insurance solutions for U.S. expatriates and international organizations, announced four promotions. Dan Tuman, former vice president of commercial insurance, is now vice president of insurance sales. He joined Clements International in 2000 …
A Manhattan federal judge threw out a class-action lawsuit accusing Moody’s Investors Service and Standard & Poor’s of defrauding investors about the safety of $63.4 billion of mortgage debt. U.S. District Judge Jed Rakoff also dismissed some claims against Bank …
The National Association of Insurance Commissioners (NAIC) recently named 18 funded and 10 unfunded consumer liaison representatives for 2010. Seven of the funded consumer representatives participated in the program in 2009, while 11 are new to the NAIC program. Established …
