Standard & Poor’s Ratings Services said today that its ratings on American International Group (AIG; A-/Negative/A-1) and AIG’s insurance subsidiaries (most of which are rated A+/Negative/–) are not affected by the company’s announcement that Robert S. (Steve) Miller has succeeded …
The House passed legislation this week that promotes new ways to clean up oil spills and aims to make deepwater drilling safer. The two measures responding to the BP oil spill in the Gulf of Mexico cleared the House by …
The two oil companies that are BP’s partners in the now-capped oil well told Congress Thursday they will not set aside money for cleanup costs along the Gulf Coast because it is BP’s responsibility. Anadarko Petroleum Corp. and MOEX, a …
According to catastrophe risk modeling firm AIR Worldwide, Typhoon Chanthu slammed into southern China near Wuchuan City in Guangdong Province on Thursday, “further drenching a region already inundated by a month of heavy rain and extensive flooding. “Chanthu’s winds were …
Texas Mutual Insurance Co. reported that a Travis County district court sentenced Bobby Phifer of Greenville, Texas, on workers’ compensation fraud-related charges. Phifer was sentenced to six months in jail. Phifer reported a job-related injury while working as a laborer …
The U.S. Department of Agriculture has designated Hawaii’s four counties primary natural disaster areas. The department took the action in light of agricultural losses caused by the continuing drought that began Jan. 1. Agriculture Secretary Tom Vilsack said in a …
Eleven former and current black employees have filed a discrimination lawsuit against Southern California Edison. The Los Angeles Superior Court suit claims there’s a “racially hostile” work environment in which few blacks are in senior management at the utility. They …
California Attorney General Edmund G. Brown Jr. announced the arrests of nine people in a San Bernardino County Medi-Cal fraud case in which employees of a skilled nursing facility and their associates falsified documentation and stole more than $150,000 from …
The Mississippi River is back above flood stage from the southern tip of Iowa through Missouri, leaving some communities on edge as more storms threaten to bring more water. Parts of southern Iowa, northern Missouri and western Illinois received 5-7 …
The crash of a small plane that killed four De Queen, Ark., residents near Umpire in June was brought about by the failure of the aircraft’s left wing. The National Transportation Safety Board says the wing failed shortly after the …