News
Samsung Sued by Brazil Prosecutor For Factory Working Conditions
Samsung Electronics Co. was sued by a Brazil public prosecutor who says workers at a company factory were subject to unsafe conditions, according to a statement on a government website. The Public ...Meadowbrook Says Impairment Is $115.4 Million After Downgrade
Meadowbrook Insurance Group Inc., the insurer whose rating was cut by A.M. Best Co. this month, took a provisional impairment of $115.4 million as of June 30 after a review tied to the downgrade. The ...
Allied World Europe Invests In London-Based MGA
Allied World Assurance Company Holdings, AG announced Wednesday that Allied World Assurance Holdings (Ireland) Ltd entered into an agreement with Gravity Underwriting Limited whereby Allied World ...
Desire For Wild Spaces Ignites U.S. Fire Insurance Hazard
The summer of 2013 has been another severe fire season for the United States, a trend that has insurance companies bracing for a new normal: higher rates of property damage as Americans move to ...
Why So Little Hiring With So Many Jobs Open Now: Peter Orszag Column
An odd puzzle is taking shape in the labor market: Over the past three years, the number of job openings has risen almost 50 percent, but actual hiring has gone up by less than 5 percent. Companies ...
AOL CEO Apologizes For Public Firing Of Executive
AOL Inc. Chief Executive Tim Armstrong said in a staff memo on Tuesday that he made a mistake in publicly firing an employee last Friday in front of a thousand workers. A recording had been leaked to ...
Zurich’s Hogan Rejoins AIG As Consumer Insurance CEO
American International Group has named Kevin Hogan as chief executive officer of AIG Global Consumer Insurance. Hogan, who previously had a 24-year career at AIG, is expected to formally rejoin AIG ...
Third Point Re Investors Betting on Loeb, Smart Underwriting
Investors in Third Point Reinsurance Ltd.'s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They're also taking on risk from an unprofitable underwriting operation. ...