The El Nino raising temperatures across the Pacific and roiling global weather patterns is poised to make the record books, but anyone who tells you which position it will take could be much mistaken. The best tool for measuring the …
The waiting list for an insurer to get a spot on the underwriting floor of Lloyd’s of London is the longest in its 327-year history, indicating record demand for access to the market. Lloyd’s has requests for about 160 so-called …
Former U.S. Senator Ben Nelson will not renew his contract as chief executive officer of the National Association of Insurance Commissioners (NAIC, the group announced. Nelson’s current term ends on Jan. 31, 2016. He began his tenure at NAIC in …
Two former managers of a Georgia peanut plant were sentenced to federal prison for their roles in a deadly salmonella outbreak, though the men received far less time behind bars than the ex-boss they helped convict. A U.S. District Court …
Massey Energy executives used an advanced warning system at the company’s Upper Big Branch mine to alert workers as soon as federal inspectors arrived on site, a former miner testified Thursday at the criminal trial for ex-chief executive Donald Blankenship. …
The U.S. Supreme Court let stand a major insider-trading ruling that threatens at least 10 convictions and creates what the Obama administration calls a road map for securities fraud. Rejecting an administration appeal without comment, the justices refused to consider …
Fantasy sports companies FanDuel and DraftKings are coming under further pressure as a player in Kentucky accused them of negligence and fraud in a lawsuit. Adam Johnson, a daily fantasy player from Jefferson County, says in the suit that players were “fraudulently …
Japan Post Holdings Co. on Wednesday set an indicative price range of 1,100-1,400 yen per share in an initial public offering, one of a trio of listings by the state-owned post office that make up a privatization worth close to …
Typhoon Mujigae – also called Kabayan – took made landfall in China’s Guangdong Province on October 4 with reported wind speeds up to 135 miles per hour (217 kilometers per hour) in some locations. Mujigae quickly moved from a Category …
ACE Group has appointed Captain Sivakumaran Divakaran as the new marine risk manager for Asia Pacific. Divakaran will be part of the Asia Pacific Marine team, which provides marine cargo insurance for a wide commodity range with customized risk management …