In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.
Florida’s government-run insurance system has amassed record cash reserves as hurricanes bypassed the state since 2005. That hasn’t helped investors in its bonds, with some trailing benchmarks by the most since February.
An above-average number of storms will emerge from the Atlantic this hurricane season, and the odds of the U.S. being hit by a major system are about 70 percent greater than predicted last year, Colorado State University researchers said.