Vivendi SA won a big court victory when a federal judge slashed potential damages in a $9.3 billion lawsuit accusing the French media company of misleading shareholders about its finances in connection with a giant merger a decade ago. U.S. …
A bill to extend the amount of time victims of sexual abuse have to file lawsuits against their attackers and others who may have covered up the abuse cleared a major hurdle in Virginia this week. The House Courts Committee …
Two judges will try again this week to settle a long-running medical monitoring lawsuit over claims that Massey Energy Co. poisoned hundreds of southern West Virginia wells with coal slurry. The first mediation attempt by Judges Alan Moats and Derek …
Denver-based Signature Select LLC, a retail insurance broker subsidiary of The IMA Financial Group Inc., today announced that it has expanded its commercial lines insurance practice in Denver and added Jim C. Tolliver as a business development executive. Tolliver has …
The insurance industry faces damage claims of between $3.5 billion and $8 billion from Tuesday’s devastating earthquake around Christchurch, New Zealand, catastrophe modeling firm Air Worldwide said. “The quake caused extensive damage in the city center and was the second …
American International Group Inc. announced that Elizabeth Werner has been named vice president and head of Investor Relations. She reports to Brian T. Schreiber, executive vice president, Treasury and Capital Markets. Werner was previously a director at Bank of America …
IBM wasted no time in parlaying the winning performance of its artificially intelligent Watson on the TV game show “Jeopardy!” into real business. Last week, it announced a deal to commercialize Watson’s capabilities by developing a system to help doctors …
The amount the Texas Windstorm Insurance Association (TWIA) has paid out in litigation costs as a result of lawsuits stemming from Hurricane Ike claims is far too high, says one Texas lawmaker who’s working on legislation aimed at curbing such …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, is calling for a “simplified Internal Model Approval Process (IMAP) for natural catastrophe risk that would encourage insurers to better quantify these exposures under Solvency II.” Aon noted …
Zurich Financial Services Group announced that it has signed a Memorandum of Understanding (MOU) with Banco Santander SA to enter into a 25-year strategic distribution arrangement in Latin America. Zurich said that as part of the transaction, it will acquire …
