News
Asteroids Pose Serious Threat But Should Be Manageable
On Feb. 15, a 13,000-ton rock plunged through the skies above Chelyabinsk, Russia. It shone 30 times brighter than the sun, and hurtled at 42,000 miles per hour toward a city of more than a million ...
Swiss Voters Reject Strictest Executive Pay Limits in Ballot
Swiss voters rejected a proposal to limit executives' pay to 12 times that of junior employees yesterday, a measure that would have gone further than any other developed nation. The measure was ...
Indonesia’s 2004 Tsunami Recovery May Offer Lessons for Philippines: Expert
The man who steered Indonesia to recovery after the 2004 tsunami has some cautionary words for the Philippines as it begins reconstruction after Typhoon Haiyan: Survivors will get angry about living ...
Progressive Insurance Chairman, Former CEO, Philanthropist Lewis Dies
Progressive Corp. Chairman Peter B. Lewis, the billionaire who turned a company founded by his father into one of the largest U.S. auto insurers, has died. He was 80. Lewis died Saturday at his home ...
Harleysville President Browne to Retire in May; Toth to Succeed As Senior Executive
Nationwide Mutual Insurance Co. announced that Michael Browne, president and chief operating officer of the Harleysville Insurance, a member of the Nationwide family of companies, will retire ...
Tower Group Reports $500M Loss for Second-Quarter 2013, Job Cuts
On Friday, Tower announced a second-quarter loss of more than $0.5 billion, with previously disclosed reserve and goodwill charges contributing to the result. The company also said it is cutting ...
Everest’s Mt. Logan Re Appoints Whiting as CUO
On Friday, Mt. Logan Re, Ltd. announced the appointment of David Whiting to the position of Chief Underwriting Officer. Mt. Logan Re, Ltd. is Everest Re Group Ltd.'s special purpose reinsurer formed ...
Colorado State Running Out of Money for Hurricane Forecasting
Colorado State University, which pioneered seasonal hurricane forecasting 30 years ago, may have issued its last prediction. The school's Tropical Meteorological Project needs $150,000 or it will end ...