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19
07, 2016
HGGC/Integrity Partnership to Acquire Nebraska Insurance Marketing Firm
Palo Alto, Calif.-based middle market private equity firm HGGC, has completed its equity investment in Integrity Marketing Group LLC (Integrity), an independent distributor of life/ health insurance products focused on serving the senior market. Concurrently, HGGC and Integrity announced they …
19
07, 2016
Takata Engineers ‘Manipulated’ Results of Air-Bag Inflator Tests: Honda Audit
Takata Corp., the air-bag supplier behind the industry’s largest ever recall, routinely manipulated results of air-bag inflator tests reported to Honda Motor Co., according to an ongoing audit commissioned by the parts maker and its biggest customer. Takata engineers removed …
19
07, 2016
Malaysian Sovereign Fund Weighs Bid for Insurance Unit of Hong Leong Financial
Khazanah Nasional Bhd., the $27 billion Malaysian sovereign fund, is weighing a bid for control of the insurance operations of billionaire Quek Leng Chan’s Hong Leong Financial Group Bhd., people with knowledge of the matter said. Khazanah is considering an …
15
07, 2016
Potato in Tailpipe Leads to Arson Suspect in Connecticut
Police say a potato stuffed into a vehicle’s tailpipe helped lead them to a 19-year-old Connecticut stripper who’s now charged with setting fire to a business in a dispute over money. Willow Martin, of Naugatuck, was charged this week with …
19
07, 2016
Drivers Take Uber to UK Tribunal in Test Case that Could Threaten Business Model
Two drivers took Uber to a British employment tribunal on Tuesday, arguing that the ride service is acting unlawfully by not offering rights such as holiday and sick pay, in a test case that could force the app to change …
15
07, 2016
Woman Who Broke Ankle on L.A. Skyscraper Slide Files Suit
A lawsuit claims a woman suffered a broken ankle on a recently opened glass-enclosed slide attached to the exterior of a downtown Los Angeles skyscraper. City News Service says the lawsuit filed this week against building owner OUE Skyspace LLC and …
19
07, 2016
BHSI Names Kremer as Head of Claims, Northern Europe
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has expanded its Northern European operations, appointing Ulrich Kremer as senior vice president, Claims, Northern Europe. Ulrich joins BHSI with nearly 16 years of experience as a lawyer and in the insurance …
15
07, 2016
Buffett Gives $2.8 Billion in Shares to Charities Including Gates Foundation
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., has donated another roughly $2.86 billion of his holdings in the company’s stock to the Bill & Melinda Gates Foundation and four family charities, as part of his plan to give …
19
07, 2016
States to Sue VW Over Diesel Scandal
New York and Maryland are among several states planning to sue Volkswagen AG over the environmental damage done by devices that were designed by the carmaker to cheat on pollution-control tests. Maryland Attorney General Brian Frosh said Monday in a …
15
07, 2016
Hail Damage Claims from Montana Crops on The Rise
State officials say damage claims for Montana crops due to hail are nearly double what they’ve been in recent years. The Billings Gazette reported the state Department of Agriculture’s Walt Anseth says farmers submitted 200 insurance claims from January to …