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12, 2015
91 Sickened by Norovirus Tied to Boston Chipotle; CEO Apologizes Over Illnesses
Chipotle Mexican Grill Inc shares jumped more than 5 percent on Thursday after its founder promised strict new food-safety practices to prevent illnesses, but hours later one of its Seattle restaurants was shut down for repeated violations. Earlier Thursday, founder …
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12, 2015
New York, New Jersey, Connecticut Team Up on Security for Holidays
Law enforcement agencies in New York, New Jersey and Connecticut are working together to boost security on New York’s public transportation network during the holidays. New York Gov. Andrew Cuomo signed an executive order Tuesday giving law enforcement from New …
11
12, 2015
Allianz Global Names AIG’s Williams Environmental Liability Manager for North America
Allianz Global Corporate & Specialty (AGCS) reported that Thomas Williams has been named regional practice leader, Environmental Impairment Liability (EIL), for North America. Based in Atlanta, he will report to Dieter J. Hautzer, vice president, regional head of liability for …
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12, 2015
Investors Assess El Niño Effect on Businesses from Bug Killers to Insurers
As the El Niño weather phenomenon makes the U.S. Northeast warmer, the Midwest drier, and the South and the West wetter this winter, Eric Marshall, portfolio manager of the $2 billion Hodges Small Cap fund, is not one of those …
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12, 2015
Great American Insurance Launches M&A Liability Division in New York
Great American Insurance Group, based in Cincinnati, Ohio, has launched a new Mergers & Acquisitions Liability Division. This unit, which is based in New York, will offer primary and excess representations and warranties and tax indemnity insurance coverage for U.S.-based …
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12, 2015
Insurers Get Tax Credits for Investments in Underserved California Communities
California Insurance Commissioner Dave Jones on Thursda announced $9.3 million in tax credits awarded to insurance companies and other investors that made more than $46.6 million in capital investments into California’s underserved communities through the second round of the 2015 …
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12, 2015
Towers Watson and Willis Shareholders Approve $8.9 Billion Merger Deal
Towers Watson & Co. won approval from its shareholders for an $8.9 billion merger with insurance broker Willis Group Holdings Plc, overcoming opposition from proxy advisers. Willis shareholders also supported the combination, according to a joint statement from the companies …
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12, 2015
Fire-Damaged Oregon Forests Vulnerable to Landslides: Scientists
Scientists say the fire-damaged forests are more susceptible to landslides, and another week of rain and snow could heighten that risk for eastern Oregon. The East Oregonian reported that wildfires have stripped away water-soaking vegetation in areas like Canyon Creek, …
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12, 2015
Massachusetts to Receive $120M in Disaster Aid for Last Winter’s Snowfall
Massachusetts Gov. Charlie Baker said Massachusetts is expecting to receive $120 million in federal disaster assistance following last winter’s record snowfall. That’s the most ever awarded to the state as the result of a single natural disaster. Half of the …
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12, 2015
Einhorn’s Slump Erases Greenlight Capital Re Gains from 2007 IPO
Greenlight Capital Re Ltd., the reinsurer whose chairman is hedge-fund manager David Einhorn, erased most of its gains from its 2007 initial public offering price after losses from investments and underwriting. Greenlight Re fell to as low as $18.76 Wednesday, …