Commuters dealt with dead traffic signals and several businesses were forced to remain closed as crews worked to restore power to thousands in downtown Long Beach, Calif. following three separate fires in underground electrical vaults. Southern California Edison says some …
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AIG Private Client Group, a division of American International Group, Inc., has introduced a risk management and mitigation service for residential construction projects with budgets of $5 million or more. As part of its Smart Build offering, AIG risk experts …
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Liberty Mutual’s National Insurance Property operation has appointed Dan Feige division underwriting manager for its Inland Marine division. Based in New York, Feige is responsible for growing Liberty Mutual’s large inland marine business, according to Mike Martin, executive vice president, …
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Chris Fischer Hirs, the head of Allianz SE’s specialty insurance business, said he welcomes the growing participation of Wall Street in the insurance industry as an opportunity, not a threat. “Hedge funds bring capacity to the market,” Fischer Hirs said in an interview in …
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The New York State Insurance Fund (NYSIF) announced on Thursday the launch of its new online medical provider portal. NYSIF said the new portal will allow registered providers and third party billers to retrieve claims payment information regarding their workers’ …
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The U.S. Department of Labor has issued a blog post with new guidance on classifying workers as employees or independent contractors under the federal Fair Labor Standards Act (FSLA), an issue that has attracted renewed attention in the on-demand economy. …
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The head of Britain’s financial watchdog is stepping down early in a move some industry watchers said was a sign the government wants to take a less confrontational stance towards banks. Sources familiar with the matter said Martin Wheatley, viewed …
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A jury has convicted an Indianapolis man of murder, arson and insurance fraud for his role in a house explosion that devastated a subdivision nearly three years ago, killing a couple living next door. Mark Leonard, 46, showed no emotion …
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A European task force set up to look into safety after the Germanwings crash on March 24 has made six recommendations that will now be reviewed by the European Commission. The task force representing airlines, crew, doctors and authorities was …
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Former top executives at defunct law firm Dewey & LeBoeuf, including chairman Steven Davis, conspired to falsify income statements in an attempt to forestall its collapse in 2012, the firm’s former finance director testified Monday. Francis Canellas, a key prosecutorial …
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