Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of concealing falling demand for iPhones in China, resulting in billions of dollars of investor losses. In a decision on Wednesday, …
Florida voters on Tuesday approved raising the state’s minimum wage to $15 an hour over the next six years, which advocates say will lift the pay for hundreds of thousands of workers in the state’s service-heavy economy. A supermajority of …
TEGUCIGALPA, Honduras – Eta is moving over Honduras as a weakened tropical depression but still bringing the heavy rains that have caused deadly landslides while drenching the country’s east and the north of neighboring Nicaragua. The storm no longer carried …
Insurors of Tennessee has named Representative Ron Travis as the new CEO for the organization, effective Nov. 16, 2020. Travis (R-Dayton) is a state representative for District 31 (Bledsoe, Rhea, Sequatchie and part of Roane Counties) and has more than …
American International Group Inc reported a slump in third-quarter profit on Thursday, hurt by losses related to storms, wildfires and the COVID-19 pandemic. AIG, one of the largest U.S. insurers, posted an underwriting loss of $423 million in its general …
A takeover offer that would have been so-so in February becomes impossible to refuse for a company whose shares have been hit by the pandemic. The 7.2 billion-pound ($9.5 billion) approach for RSA Insurance Group has been shrewdly pitched by …
Liberty Mutual Holding Co. Inc. has reported a 46% increase in net income during the third quarter, despite elevated catastrophe losses. The company reported Q3 net income of $397 million, compared with $272 million during the same period last year. …
Arthur J. Gallagher & Co. announced the acquisition of Montreal, Quebec-based Optimum Talent Inc. Terms of the transaction were not disclosed. Founded in 1981, Optimum Talent is one of Canada’s largest privately-owned integrated talent management firms and a Pan-Canadian leader …
A former New York City Transit subway conductor has been arraigned on an indictment in which he is charged with grand larceny and other crimes for allegedly stealing approximately $114,000 in workers’ compensation payments from NYC Transit. “This defendant allegedly …
UFG Insurance has named Dave Lavallee as UFG Surety branch manager of the New England surety branch. Lavallee has previously served as surety branch manager for Tokio Marine HCC for the last 12 years. He has experience in both managing …