U.S.
American Financial Buying WC Unit Summit Southeast from Liberty Mutual
American Financial Group has agreed to buy Summit Holdings Southeast Inc. and its related companies from Liberty Mutual Insurance in an all-cash transaction valued at $250 million. Based in Lakeland, ...AIG Extends Tax Asset Protection Plan by 3 Years
American International Group Inc. extended by almost three years a plan designed to protect the value of deferred tax assets that limit payments to the government that bailed out the insurer. The ...
Economic Losses from Europe’s December Windstorms Put at $2.25B
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, said that Windstorms Xaver and Dirk could combine to cause more than $2.25 billion in economic damages ...
U.S. Oil Output Poised to Reach 43-Year High in 2015
The U.S. Energy Information Administration said on Tuesday oil production in the United States will reach a 43-year high in 2015 as output grows from shale fields. The United States will produce 9.3 ...
Rotting Wood in New Homes Built After Katrina May Spark Legal Action
Actor Brad Pitt's Make It Right Foundation, which has built 100 energy-efficient new homes in the Hurricane Katrina-ravaged Lower 9th Ward in New Orleans, is considering legal action against the ...
Original Cheerios Going GMO-free
General Mills says some Cheerios made without genetically modified ingredients will start appearing on shelves soon. The Minneapolis-based company said Thursday that it has been manufacturing its ...
Some States Confirm Water Pollution from Drilling
In at least four states that have nurtured the nation's energy boom, hundreds of complaints have been made about well-water contamination from oil or gas drilling, and pollution was confirmed in a ...
Typhoon Haiyan, European Storms Top 2013 Natural Catastrophes: Munich Re
Typhoon Haiyan and exceptionally high losses from weather-related catastrophes in Europe dominated the overall picture of natural catastrophes in 2013, according to Munich Re. Floods and hailstorms ...