Federal investigators say overloaded storage bins on the roof of an Omaha, Neb., livestock feed manufacturer’s plant caused the building collapse that killed two people in January. The Occupational Safety and Health Administration announced its findings Monday and cited International …
Gen Re announced a number of senior appointments in the Asia Pacific region. Pietro Toffanello will assume the role of property/casualty regional manager for Asia Pacific, in addition to his role of managing director of General Reinsurance Australia Ltd. Andrew …
A new advisory examining core risk management concerns for commercial real estate property owners and managers was released by ACE Group last week. The advisory, “Managing Real Estate Liability Risks in a Changed Market,” authored by Joseph Fobert, senior vice …
A federal appeals court ordered Travelers Cos Inc to pay more than $500 million to thousands of asbestos victims in a case stemming from the insurer’s coverage of Johns-Manville Corp, an insulation maker that spent six years in bankruptcy during …
Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit fell 26 percent on catastrophe costs. Net income declined to $683 million, or $1.95 a share, from $925 million, or $2.41, a year earlier, the …
A tycoon and religious sect leader identified as the de facto owner of the South Korean ferry that sank in April, killing more than 300 people, has been found dead, police said. The body of Yoo Byung Eun, 73, who …
A universal no-fly area declared in eastern Ukraine after the downing of Malaysian Air Flight 17 is a rare restriction currently shared only with North Korea, prompting airlines including Deutsche Lufthansa AG to question whether rules for flights over war …
Liberty Mutual Group Inc. issued $750 million of bonds to help finance a payment to a unit of Warren Buffett’s Berkshire Hathaway Inc. for covering the insurance company’s liabilities tied to asbestos. The 4.85 percent, 30-year notes were sold to …
Texas’ oil and gas regulator had been investigating an oil tank site for suspected leaks before it recently exploded, critically injuring a worker. The Bryan Eagle reports Sunday that the Texas Railroad Commission had been inspecting the site since March. …
The Dallas Police Department is using civilian employees at the county jail to help free up its officers. The Dallas Morning News reports department commanders recently transferred 10 employees to the jail to watch arrested suspects while the county processes …