Articles by Mark Hollmer

Will Energy Firm Executives Be Sued for Ignoring Climate Change?

Environmental groups said executives of coal, oil, gas and other “fossil fuel” companies could be held liable and risk lawsuits if they support groups that deny climate change and resist policies to fight it. In the current legal environment, however, …

House Chairman Vows to Have Bipartisan TRIA Renewal Bill Ready Next Month

The chairman of crucial U.S. House subcommittee said a bipartisan bill of its own that will renew the Terrorism Risk Insurance Act, or TRIA, will be unveiled in June. Rep. Randy Neugebauer, R-Texas, disclosed as much on May 20, in …

Troubled Tower Cuts Ties with PwC; Fitch Withdraws Ratings

Tower Group International has fired PricewaterhouseCoopers as its accounting firm, six months after announcing it would restate previously filed financial statements for 2011 and 2012 due to “inadvertent mistakes.” The move comes in the wake of Tower’s disclosure late last …

W.R. Berkley Posts Q1 Gains But Cites ‘Painfully Competitive’ Reinsurance

For W.R. Berkley Corp., sobering results from its global reinsurance division were a blemish on an otherwise successful 2014 first quarter, during which the Greenwich, Conn.-based company enjoyed overall gains in net income, gross premiums written and returns on equity. …