American International Group Inc. may need a successor for Chief Executive Robert Benmosche sooner than it expected, but experts say it is not clear who that would be or how long they would be in charge. AIG said Monday that …
Beginning Nov. 1, 2010, all applicants for an insurance license who are residents of Hawaii must submit a full set of fingerprints as a requirement of licensing. If the applicant is required to take a licensing exam, the applicant may …
The U.S. is hoping China will help persuade its manufacturers of tainted drywall to cooperate in helping homeowners fix their homes, the chairman of the Consumer Products Safety Commission said. Inez Tenenbaum, in Shanghai for meetings with her Chinese and …
Canadian insurer Sun Life Financial Inc. said Wednesday it would sell its reinsurance business to Warren Buffett’s Berkshire Hathaway after months of looking for a buyer for the profitable unit. Sun Life did not disclose sale terms for the business, …
School buses are safe enough without seat belts and students in many cases ignore a requirement to wear them, according to a study in Alabama released this week that found the straps would save the life of about one child …
North Carolina employers’ costs for workers’ compensation will inch up next spring under an agreement reached between the state and insurers. The settlement ordered a 0.6 percent increase for voluntary market loss costs and 4.1 percent increase for the assigned …
Two Virginia Tech professors have been awarded an $825,000 federal research grant aimed at reducing falls on residential construction sites. The grant from the National Institute for Occupational Safety and Health will focus on adapting industry safety equipment for use …
The earthquake and the subsequent tsunami, which struck the Mentawai Islands off of the Indonesian island of Sumatra has left at least 272 dead, with over 400 people still reported missing. Indonesian authorities are also trying to deal with the …
The National Association of Insurance Commissioners (NAIC) elected Louisiana Insurance Commissioner James J. Donelon as Secretary-Treasurer for 2011 at the fall meeting on October 21, 2010. Donelon is presently serving on the Executive Committee of the NAIC and is chairman …
A former high school gymnast from Milford whose feet were severely injured when plywood boards fell on them as she set up a temporary floor for practice has settled with the school department for $625,000. Kaylee Ritchie was 14 when …
