Yearly Archives: <span>2014</span>

AIG’s 13-Year Wait Gets Longer as Modi Rebuffed: Corporate India

American International Group Inc. has waited 13 years in India to raise its stake in a local venture from a maximum allowed 26 percent. That wait is about to get longer. Opposition lawmakers, during the current session of parliament scheduled …

Other Social Media Back Facebook in New York Privacy Case

Facebook’s fight against prosecutors over nearly 400 search warrants for users’ postings and other data is drawing support from other social media companies and civil libertarians. Lawyers for Foursquare, Kickstarter, Meetup, and Tumblr said Monday they were seeking to join …

More States Raise Speed Limits, but Not New Jersey

Motorists breezing through parts of Pennsylvania are now able to set their cruise control at 70 mph without having to worry about getting a speeding ticket. Pennsylvania is the latest state to join the 70 mph club. A 100-mile section …

Avon Mountain Crash Lawsuits Dismissed in Connecticut

The Connecticut Supreme Court ruled on Monday that victims of the 2005 fiery crash at the bottom of Avon Mountain that killed four people and injured 19 others cannot sue the state on allegations that Route 44 had a dangerously …

Everyone Likes a Hard Insurance Market, Right?

What’s the big deal with a hard property/casualty insurance market? Everyone likes one, said Art Davis, president of Colony Specialty, a member of the Argo Group. “You make a lot of money, have good returns.” The problem is, Davis said …

R-T Specialty Names Dryden Assistant Vice President in California

R-T Specialty Group has named Dina Dryden assistant vice president of RT Binding Authority in the firm’s La Jolla, Calif. Office. Dryden will be responsible for underwriting complex program and non-program risks through pen insurance contracts. Dryden has worked on …

Ladenburg Thalmann to Acquire KMS Financial Services in Washington

Ladenburg Thalmann Financial Services Inc. has signed a definitive agreement to acquire KMS Financial Services Inc., a Seattle, Wash.-based independent broker-dealer and investment advisor with a strong presence in the Pacific Northwest. Under the terms of the deal, Ladenburg will …

10 Years After Hurricane Charley: A Lesson in Strong Building Codes

It has been 10 years since the record-breaking 2004 Atlantic hurricane season when four major hurricanes – Charley, Frances, Ivan and Jeanne – all made landfall in Florida within the space of six weeks, damaging one in five Florida homes. …

Arkansas Sees Growth in Agricultural Tourism

Agritourism is growing in Arkansas as more farm owners open their gates to tourists and form a spiderweb-like network among several state agencies and nonprofit organizations. Pumpkin patches, corn mazes, “U-Pick Farms” and vineyard tours in Arkansas’ wine country are …

Another $1B Workers’ Comp Rebate Proposed for Ohio

Governor John R. Kasich and Ohio Bureau of Workers’ Compensation (BWC) Administrator/CEO Steve Buehrer announced a $1 billion rebate to Ohio’s private and public sector workers’ compensation customers, as well as a major new investment in worker safety research and …