Chicago-based job placement consultants Challenger, Gray & Christmas Inc. report that 9 out of 10 companies have put cost-cutting strategies in place, including hiring freezes and furloughs, in order to ride out the recession.Meanwhile, companies say
US Airways Capt. Chesley B. "Sully" Sullenberger and his co-pilot, Jeff Skiles, may have protected the airline from lawsuits that usually follow plane crashes.Legal experts say that because of its happy outcome, Flight 1549 has the
Bad managers get the blame for most employee defections, according to a Robert Half International survey. The staffing firm polled senior executives about reasons for losing top-performing employees, and 35 percent cited unhappiness with management
Property-casualty insurance rates for January declined 9 percent, the same level seen in the prior two months, according to MarketScout. By coverage class, MarketScout reported declines: Business owners--10 percent Commercial property
Hartford Casualty Insurance Co. filed a lawsuit against the Peanut Corp of America to determine whether it must pay claims for victims affected by a nationwide salmonella outbreak.The suit was filed in the U.S. District Court for the Western District
No criminal masterminds here: the Coalition Against Insurance Fraud's annual Hall of Shame spotlights 2008's largest and sometimes dumbest insurance fraud schemes. What did they have in common? They all got caught. Appellate Judge
Though small cars are more popular as gas prices fluctuate, they offer less protection than larger vehicles. Most new small cars earn good ratings in frontal crash tests, but they are less safe during side and rear
Though there were only 750 loss-producing events in 2008 compared with 960 in 2007, it was still the third most expensive year for insurers on record, according to Munich Re. The costs are attributed to a large
According to a survey conducted by Professional Insurance Agents associations in Connecticut, New Hampshire, New Jersey and New York, members in those states used real time transactions and comparative rating more
The number of reported subprime mortgages and related cases filed in federal court during the first 9 months of 2008 already exceeds the total for 2007 by 50 percent, according to Third Quarter 2008 Updated: Breaking New Ground, a report from