Marsh & McLennan Cos. has named Daniel S. Glaser, chief executive of the company's brokerage firm Marsh, as its new group president and chief operating officer. The promotion has set off several other management moves to fill Glaser's old role.

Weather during the last couple of days has helped firefighters battle several massive wildfires in Texas that have destroyed hundreds of homes and more than a million acres of land.

In financial terms, nuclear incidents can be so devastating that the cost of full insurance would be so high as to make nuclear energy more expensive than fossil fuels.

Though the credit crisis has waned, securities suits filed during first-quarter 2011 appear to point to another record year, says Advisen.