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11, 2015
Oil Company Prevails in Suit Against Insurers over Pipeline Rupture
An Arkansas federal jury has awarded an oil company nearly $72 million in damages from lost income and expenses stemming from a 2012 breach of a pipeline carrying oil from Louisiana to Arkansas. In litigation heard in federal court in the Western …
3
11, 2015
New York’s Taxi Industry Says Uber Expansion Would Kill Existing Jobs
New York’s taxi industry says Uber’s proposal to expand outside of the New York City area threatens the jobs of dispatchers and others who work behind the scenes for cab companies around the state. The Committee for Taxi Safety, which …
4
11, 2015
Taco Bell Corp. Manager Suspect in California Uber Driver Slapping Assault
Police say a mid-level manager for Taco Bell Corp. repeatedly slapped an Uber driver in the face after being told to get out of the car because he was too drunk to give directions. The incident Friday was captured on …
3
11, 2015
Aegon, Transamerica’s Owner, Added to FSB’s List of 9 Too-Big-to-Fail Insurers
Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., has been added to a list of insurers deemed systemically important by global financial rule makers, while Italy’s Assicurazioni Generali SpA was removed. The updated list of nine too-big-to-fail insurers was published …
4
11, 2015
The Case for Independent Agency Optimism
Over the past few years, dire predictions about the independent agent’s future have gotten a lot of attention. With consumers increasingly adopting the latest technology-driven shopping and buying behaviors, some industry observers have questioned whether the independent agent will be …
3
11, 2015
Arthur J. Gallagher Buys Canada Broker Christie-Phoenix & Its Affiliate, Discovery
Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has extended its investment in Canada with the acquisition of retail insurance broker Christie-Phoenix (Victoria) Ltd. and its affiliate, Discovery Insurance Services Ltd. …
4
11, 2015
Chipotle Testing Seattle, Portland Restaurants to Find E.Coli Outbreak Cause
Chipotle Mexican Grill Inc., which closed 43 restaurants over the weekend after an E. coli outbreak, has hired food-safety consulting firms and is batch-testing ingredients in an effort to defuse the health scare. After shutting restaurants in Seattle and Portland, …
3
11, 2015
UPDATE: Chapala Threatens Yemen with Flooding, High Winds: AccuWeather
The AccuWeather Global Weather Center has reported that “Yemen is bracing for impacts from a small, but currently powerful Tropical Cyclone Chapala in the Arabian Sea.” The storm, whose intensity was at one point equivalent to a Category 4 hurricane …
5
11, 2015
AIG CEO to Employees: Expect Fewer Lifetime Jobs
American International Group Inc. Chief Executive Officer Peter Hancock, who is shrinking the company while fighting off an activist investor, told staff that they can’t all count on lifetime employment with the insurer, according to people familiar with his remarks. …
2
11, 2015
Kansas Extends Wastewater Injection Limits Until at Least Mid-March
Oil and gas industry restrictions meant to decrease the frequency and intensity of earthquakes in south-central Kansas will remain in place until at least March 2016, state regulators have decided. The Kansas Corporation Commission issued an order extending limits on …