TOKYO – Japanese chipmaker Renesas Electronics said on Tuesday it would take at least 100 days to get back to normal production at its fire-hit plant, even as the government urged some Taiwanese companies to help with alternative chip production. …
New Jersey Governor Phil Murphy has announced his nomination of Tracy Thompson as insurance fraud prosecutor. Thompson has led the Office of the Insurance Fraud Prosecutor in an acting capacity since March 2018. Her nomination, which will be formally submitted …
Guy Carpenter & Co., reinsurance specialist and a unit of Marsh McLennan, announced the launch of its Capital Advisory Group in Asia Pacific, with the appointments of Michael Owen and Hussain Ahmad to lead this new operation. The capital pressures …
Utility crews restored service after an underground electrical fire rocked the New Jersey shore city made famous by Bruce Springsteen’s music. Thursday’s blast caused two manhole covers to come out of the ground and forced the evacuation of some businesses …
Boeing Co. asked a Delaware court to throw out a shareholders’ lawsuit over the safety of its 737 MAX following fatal crashes, saying the board engaged in “robust and well-established” oversight of jet’s development. In an amended complaint unsealed in …
The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re for $220 million. The selling of Allstate Life Insurance Company of New York (ALNY), along with the previously announced agreement …
CHICAGO— A 45% rally in soybean prices in 11 months was not enough to convince South Dakota farmer DuWayne Bosse to give up any corn acreage on his farm this spring. “For our farm, we are looking at maxing out …
Private equity firm Odyssey Investment Partners has joined with management of SIAA (Strategic Insurance Agency Alliance), the nation’s largest alliance of independent insurance agencies, to acquire the company. New Hampshire-headquartered SIAA says its model and operations will remain unchanged under …
Rockwood Programs Names Cole as Chief Marketing Officer Rockwood Programs Inc., a full-service managing general agency, has appointed Carol Cole to chief marketing officer. In this role, Cole is responsible for marketing employment practices liability, insurance agents errors and omissions, …
A Texas judge is allowing the City of Austin to continue to require face coverings in local businesses weeks after Republican Gov. Greg Abbott ended a statewide mask mandate and other COVID-19 safety measures. The ruling by state District Judge …