Hudson Insurance Group has acquired Motor Transport Underwriters Inc. (MTU), an underwriting, claims and risk management specialist in the long-haul trucking arena with which Hudson does business. The announcement said MTU will continue to be led by Greg Bonnell and …
Federal officials and Georgia beauty professionals have formed an alliance to reduce exposure to hazardous chemicals. The U.S. Department of Labor’s Occupational Safety and Health Administration announced the partnership with the Concerned Beauty Professionals at Georgia Tech this week. Officials …
South Carolina’s toughest law on using cellphones while driving is now on the books in Greenville. The law took effect Tuesday. It bans drivers from using any hand-held devices while a vehicle is in operation, including talking on a cellphone. …
General Motors Co CEO Mary Barra on Tuesday called her company’s slow response to faulty ignition switches linked to at least 13 deaths “unacceptable,” but could not give U.S. lawmakers many answers as to what went wrong. After taking an …
A proposal in the Louisiana Legislature to reduce the maximum deductible on named storms and require winds in excess of 125 miles per hour before the deductible could be applied would likely result in higher insurance costs for consumers if …
Standard & Poor’s Rating Services announced on April 1, 2014 that it has affirmed its ‘B’ rating for Cooper Gay Swett & Crawford Ltd., but has revised its outlook on the rating to negative from stable. The ratings announcement brought …
When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and successful in some …
Enstar Group Limited and Stone Point Capital LLC announced the completion of the acquisition of global specialty insurer, Torus Insurance Holdings Limited, originally agreed to in July 2013. The announcement added that Torus has also appointed Patrick Tiernan as Executive …
Seven months after the suicide of Zurich Insurance finance chief Pierre Wauthier, his widow is set to confront the company over its handling of the tragedy, reopening a scandal that unsettled investors. In the first extensive interview since her husband’s …
A major earthquake measuring magnitude 8.2 struck off the coast of northern Chile on Tuesday, causing five deaths and triggering a tsunami that pounded the shore with 2 meter [app. 2 ½ feet] high waves. Officials said the dead included …
