An oil industry trade group said it has developed standards to better protect workers from explosions like the 2005 BP refinery in Texas explosion that killed 15 people and injured 170. The American Petroleum Institute’s new standards are designed to …
Officials of the Philadelphia Stock Exchange said they have settled a class-action lawsuit brought by shareholders who accused the exchange of diluting their ownership interest when it sold a major stake to six Wall Street firms. Terms of the settlement, …
When Rhode Island won what could be a multibillion-dollar verdict against former lead paint manufacturers last year, advocates hoped the victory would trigger a wave of successful lawsuits against the industry. But two recent court decisions in New Jersey and …
British weather forecasters, making their first public attempt to predict the Atlantic hurricane season, say it may be a little quieter than their American counterparts expect. It is most likely that 10 tropical storms will form from July to November, …
A former employee of Standard & Poor’s has filed a $5 million discrimination lawsuit that accuses the financial information company of allowing other employees to harass and humiliate him because of his Hispanic ancestry and then fire him because he …
A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to PARIS RE S.A., the main operating company of the newly formed PARIS RE group. Best also assigned an …
Smarter drivers and more aggressive policing were credited with cutting traffic deaths in Minnesota last year to their lowest level in 60 years. The Department of Public Safety said 494 people were killed on Minnesota roads last year, a drop …
Florida Insurance Commissioner Kevin McCarty issued a Consent Order requiring United Property & Casualty Insurance Co. to refund millions of dollars in unapproved homeowners’ insurance rate increases. Last October, United began charging its customers higher insurance rates before the Florida …
The New River Zoo, which had two animal biting incidents in the past year, can reopen after the owner doubles his insurance and seeks accreditation, North Carolina officials said. The Ashe County Board of Commissioners voted Monday to allow the …
Tennessee Department of Labor and Workforce Development Commissioner James Neeley announced a record penalty collection of $1,012,161 assessed against employers for non-compliance with the insurance requirements of the Workers’ Compensation Law during fiscal year 2007. The Uninsured Employers Fund is …