The U.S. Supreme Court ruled on Wednesday that federal courts do not have jurisdiction to hear lawsuits against foreign corporations accused of aiding in human rights abuses abroad. In one of its biggest human rights cases in years, the justices …
Insurance markets for sporting events and terrorism coverage could be affected by the Boston Marathon bombings, according to a risk expert offering one of the first estimates of the impact of the terrorist attack. Dr. Gordon Woo, catastrophist at the …
Florida’s state-run property reinsurance facility is preparing to issue $2 billion in revenue bonds to ensure it has enough money on hand to quickly pay insurers’ claims in the event of a major hurricane. The Florida Hurricane Catastrophe Fund has …
For the second time in three years, reporter Tony Bartelme of the Post and Courier of Charleston, South Carolina, is a finalist for a Pulitzer Prize. The Pulitzer foundation announced that Bartelme was one of three finalists this year for …
The head of the U.S. Food and Drug Administration conceded on Tuesday that the agency could have been more aggressive in its oversight of the compounding pharmacy at the center of a deadly meningitis outbreak. Testifying at a contentious congressional …
Boston Marathon bombing investigators on Wednesday entered the third day of their hunt with an emerging picture of the target: a suspect or suspects carrying heavy bags or backpacks made of dark nylon. While still unable to conclude whether a …
The White House on Tuesday threatened to veto a House of Representatives bill aimed at improving U.S. cybersecurity, citing among other things concerns about privacy protections. In a repeat of last year’s events, the Obama administration issued a new veto …
The development of low-carbon energy is progressing too slowly to limit global warming, the International Energy Agency (IEA) said on Wednesday. With power generation still dominated by coal and governments failing to increase investment in clean energy, top climate scientists …
Willis Re may be positive about the market changes that could benefit mutual insurers , but Barry Costi-Mouyia, Technical Claims Director of Willis Re, has indicated that while many of the claims issues arising from catastrophe losses are common to …
Catalina Holdings (Bermuda) Ltd announced that it has completed its acquisition of KX Reinsurance Company Limited, including its Re’s wholly owned subsidiary OX Reinsurance Company Limited (OX Re), from Tawa plc, following then approval received from the UK Prudential Regulation …
