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Franchises, Staffing Firms Ruled Joint Employers Under Labor Law

More companies may be held responsible for labor-law violations committed by contractors and forced to negotiate wages and benefits with their workers under a decision by a politically split U.S. labor board. The National Labor Relations Board, in a closely …

Confessions of an Underage, Unlicensed Truck Driver

American Trucking Associations executive Howard Abramson recently made a case in the New York Times for higher safety standards for trucks. It’s not hard to understand why: Large trucks were involved in at least 327,000 traffic accidents in 2013, killing almost 4,000 …

How Genome Sequencing Is Transforming Food Safety

Investigations into foodborne illness are being radically transformed by whole genome sequencing, which federal officials say is enabling them to identify the source of an outbreak far more quickly and prevent additional cases. Previously, samples from sick patients were sent …

AIG’s Lavastone in Dispute with Life Settlements Firm Coventry

An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it off by more …

S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model

Reinsurance M&A activity should continue well into 2016 as competitive pressures continue unabated, Standard & Poor’s said in a new report. The ratings firm said that the Berkshire Hathaways of the world – investment holding companies seeking to enter the insurance …

Allianz Invests in London’s $6.4 Billion ‘Super Sewer’, Thames Tideway Tunnel

A consortium, consisting of pension funds and other long-term investors represented by Allianz, Amber Infrastructure Group, Dalmore Capital and DIF, will invest up to £1.275 billion ($1.9 billion) in London’s “super sewer.” The consortium’s investment in the Thames Tideway Tunnel …

Troubled Irish Insurers Seek Solvency II Support From Bond Investors, Buffett

Investors hunting for yield after a global financial rout might well take a detour to the headquarters of a tiny insurance company hidden away along a highway in west Dublin. Just as world markets cratered on August 24, troubled Irish …

Sierra Club Dragging State Farm into Climate Change Battle

A State Farm executive is coming under fire from activists for his position on the board of what some consider to be a “climate denier” group. Sierra Club, a progressive investor group and other activist organizations have been waging an aggressive …

Hubley Approved as President of Mass. Commonwealth Automobile Reinsurers

Massachusetts’ Commonwealth Automobile Reinsurers (CAR), the state’s industry-operated residual market and statistical agent for auto insurance, announced that Insurance Commissioner Daniel Judson has approved the CAR Governing Committee’s appointment of Natalie Hubley as the organization’s new president. Hubley has been …

Man Sues NYC Hotel Named as Source of Legionnaires’ Disease Outbreak

A New York man who came down with Legionnaires’ disease and spent several days in a hospital has filed a civil lawsuit against the hotel identified by authorities as the source of the deadly outbreak. Leslie Noble’s lawsuit against the …

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