Large U.S. banks defending themselves against a mass of state and federal mortgage probes face a difficult tactical decision following New York state’s exit from settlement talks on Tuesday. A settlement with the states remaining at the negotiating table and …
Hurricane Irene washed away homes in the Bahamas Thursday as its battering winds and rain headed toward the U.S. eastern seaboard including densely populated New York and New England. U.S. emergency officials have urged residents from the Carolinas north to …
A New Jersey law barring drivers under 18 from having more than one passenger is in the spotlight after an SUV driven by a 17-year-old and carrying seven teenagers crashed. The driver and three passengers died in last Saturday’s accident. …
ACE announced the appointment of two new Environmental Risk Underwriters to its London based Environmental Liability team – Robert Wade and Hayley Dixon, both experienced professionals with strong scientific backgrounds. The two will join Emma Bartolo, London and Southeast Environmental …
ACE’s London based operations have teamed up with Willis Limited, the UK insurance broker, to successfully launch a fully electronic accounting process between the two companies. The achievement marks the first time that a broker and insurer have used the …
The largest shareholder in reinsurer Transatlantic Holdings Inc will oppose the company’s acquisition by Allied World, opening the door to two other suitors. Davis Selected Advisers, which owns 23.6 percent of Transatlantic, previously said it might oppose the deal, which …
Insurance Australia Group, Australia’s top home and car insurer, reported a more than two-fold jump in annual net profit on Thursday but its outlook knocked the shares lower. IAG forecast profit margins of 10-12 percent for the year to June …
In the annals of natural disasters, it doesn’t get much worse than a major hurricane directly striking New York City and Long Island. Hurricane Irene is on a course that will take it up the East Coast from the weekend. …
The Kentucky Supreme Court is being asked to review a lawsuit seeking damages for the death of an early-term fetus in a car crash. The lawsuit was brought by Thomas A. Stevens on behalf of his 24-year-old daughter, Desiree Amber …
A Texas Panhandle woman has been convicted in a more than $600,000 investment scheme that targeted elderly investors. Prosecutors say 60-year-old Janice Edwina Demmitt of Amarillo was convicted of conspiracy to commit money laundering, eight counts of wire fraud and …
