News

Small Businesses Bypassing Minnesota Health Insurance Exchange

Minnesota’s health insurance exchange is having a big problem with attracting small businesses. MNsure was originally expected to cover 155,000 people in small-group plans by next year. Enrollment was only 1,405 earlier this month, the Star Tribune reported. Insurance agents …

California Sandwich Maker Recalls 213,000 Pounds of Meat

Fast-food restaurant Lee’s Sandwiches has recalled 213,000 pounds of meat because it bore unauthorized United States Department of Agriculture marks of inspection, despite having not been inspected properly. The Orange County Register reported that chicken, beef and pork products were …

Former New Mexico Teacher Files Suit Over Her 2012 Firing

A former Rio Rancho, N.M. teacher says in a lawsuit that she was fired as a result of her involvement with a union and her outspoken criticism of school district officials. The Albuquerque Journal reported that school officials countered that …

Wyoming Couple Sues Vapor Cigarette Dealer Over Injuries

A Casper, Wyo. couple is suing a local vapor cigarette company, saying the battery in one of the devices exploded and caused injuries. The lawsuit filed by Joshua and Allison Seel says Joshua suffered burns to his leg and genitals …

Wall Street Doesn’t Like Obama Plan on Retirement Brokers’ Fiduciary Duty

The head of Wall Street’s self-regulator criticized the Obama administration’s effort to impose stricter standards on brokers who manage retirement accounts, saying the rule would make it difficult for smaller investors to get advice. In a speech Wednesday, Financial Industry …

Google Driverless Test Cars to Have Steering Wheels, Brakes

Google Inc. will begin testing self-driving cars of its own design on public roads this summer, but they will have steering wheels and brakes, which is not what the company described a year ago. Engineers will operate 25 prototype vehicles, …

Greenberg at 90: Still Fighting and Angry After All These Years

Maurice “Hank” Greenberg spent some of his 90th birthday party like he’s spent much of the past decade: angry. As he addressed his family at a lunch at a private estate this month, one of his sons made another laugh. …

Opening Statements Start in Criminal Trial of Ex-Dewey Executives

Nearly three years after the demise of law firm Dewey & LeBoeuf, a Manhattan prosecutor opened the criminal trial of three of the firm’s former executives on Tuesday by accusing the trio of directing employees to make millions of dollars …

Xuber Reinsurance Survey Focuses on Regulation and M&A

Xuber, Xchanging’s insurance software business has released its second wave of results from its global reinsurance survey, which focuses on regulation and mergers and acquisitions (M&A) activity. The survey found that, with reference to the re/insurance industry globally, it is …

Some European Insurers, Pension Funds Build Loan Books to Rival Banks

Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London’s genteel Belgravia, several miles from the “Square …

News Archives by Month