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Mississippi College Appeals Workplace Retaliation Award A federal appeals court has scheduled arguments on Hinds Community College’s appeal of a workplace retaliation case. In 2010, the school was ordered to pay a former professor $345,020 after a federal jury found she had been the victim of … February 08, 2012 10:00 AM
The Hartford Reports $127M Q4 Profit, Down 79% From One Year Ago Hartford Financial Services Group reported $127 million for its 2011 fourth-quarter net income, down 79 percent from one year ago when the company posted $619 million profit. Results were hurt by higher net capital losses and prior year reserve development … February 08, 2012 3:39 AM
Kentucky Says It’s Better Prepared to Handle Disaster It’s been three years since an ice storm paralyzed the western Kentucky region and emergency service coordinators say they’re better prepared in the event of another major disaster. Kentucky Transportation Cabinet spokesman Keith Todd told The Paducah Sun that a … February 08, 2012 2:17 AM
Daredevil CEOs May Put Companies at Risk The death of Micron Technology Inc. Chief Executive Steve Appleton in the crash of an experimental plane is raising fresh questions about what a company should disclose to investors when a senior executive has a high-risk hobby. There are plenty … February 08, 2012 2:10 AM
AIG Reviewing Succession as Chairman Takes New Job Bailed-out insurer American International Group will review its succession plans after its chairman accepted a job as the chief executive of an airplane maker, the company said on Tuesday. AIG CEO Bob Benmosche has been in treatment for cancer since … February 08, 2012 2:05 AM
California’s Independent Contractor Law May Pose Liability to Agents and Brokers A new California labor law designed to punish employers for misclassifying workers has broad legal language that can possibly impact insurance agents and brokers who knowingly advise clients on employee classifications to the tune of thousands of dollars per misclassified … February 08, 2012 1:15 AM
Best Upgrades Fremont Ratings; Affirms Auto Club Group, P/C Members A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-’ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Michigan-based Fremont Insurance Company, and has also affirmed the FSR of ‘A’ (Excellent) and … February 07, 2012 11:33 PM
Ratings Roundup: La Colonial, InterGlobal A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of the Dominican Republic’s La Colonial, S.A. Compania de Seguros, both with stable outlooks. The ratings reflect La Colonial’s “profitable net results … February 07, 2012 11:19 PM
Xchanging Unveils Modernization Technology Initiative for London Market Global business processor Xchanging has unveiled its vision for the Lloyd’s and London market in a presentation to 120 senior market executives. Xchanging highlighted the “business imperative for London to become easier to deal with in order to remain competitive … February 07, 2012 7:47 PM
Willis UK N2 Broker Network Adds 10 New Members Willis Group Holdings announced that ten new members have joined its network, Willis N2 – an alliance with local, independent insurance brokers in the UK. The ten new members, which take the total Willis N² membership to 34, were listed … February 07, 2012 7:41 PM
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