Class Action Settlements Topped $3 Billion in 2015: Cornerstone Research March 31, 2016 There were 80 securities class action settlements approved in 2015, the highest number since 2010, and total settlement dollars rose...
MetLife Victory Could Push AIG, Pru to Fight Systemic Risk Designations March 31, 2016 By Emma Orr and Katherine Chiglinsky After regulators slapped the too-big-to-fail label on MetLife Inc., Chief Executive Officer Steve Kandarian had several responses. One was to...
AIG’s United Guaranty Files for IPO March 31, 2016 AIG’s mortgage insurance unit, United Guaranty Corp, filed for an initial public offering of up to $100 million with U.S....
GM Wins Second ‘Bellwether’ Ignition Switch Trial March 31, 2016 By Erik Larson and Patricia Hurtado General Motors Co. won its second straight trial against drivers who blamed car wrecks on faulty ignition switches, boosting the...
Chubb Launches Healthcare Industry Practice, Taps Clouser to Lead March 30, 2016 Chubb has launched a new industry practice providing insurance coverage and risk management options to the healthcare marketplace. Chubb’s Healthcare...
MetLife Wins Court Appeal to Strike Down Systemic Risk Tag March 30, 2016 By Andrew Harris and Katherine Chiglinsky MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would’ve put America’s biggest life...
Capp Joins Answer Financial to Sign More Business Partners March 30, 2016 Tom Capp has joined the senior management team for the online auto and home insurance agency Answer Financial. Capp, as...
Split Supreme Court in Search of Birth Control Benefit Compromise March 30, 2016 By Greg Stohr The U.S. Supreme Court called for additional briefing in a divisive clash over contraceptives and Obamacare, issuing an unusual order...
Insurance Safety Institute Finds Most Headlights Not Bright Enough March 30, 2016 The Toyota Prius v is the only midsize car out of 31 evaluated to earn a good rating in the...
AIG Executives’ Pay Trimmed for Missing Profit Goals March 30, 2016 By Anders Melin and Sonali Basak American International Group Inc., the insurer being pressured by activist investors to split up, cut short-term incentive pay for Chief...