ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans September 22, 2015 By Don Jergler CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to...
A.M. Best Explains Its Rating Fundamentals for Hedge Fund Reinsurers September 22, 2015 Since the Aug. 11, 2015 withdrawal of PaCRe Ltd.’s financial strength rating and issuer credit rating at the company’s request,...
Judge Advances Greenberg’s Starr Suit Over Tax Refund September 21, 2015 By Andrew Harris Maurice “Hank” Greenberg’s Starr International Co. can move forward with a lawsuit claiming the U.S. owes it a $38 million...
Schinnerer Names Hanuschak as President September 21, 2015 Specialty program manager Victor O. Schinnerer & Co. Inc. said it has appointed Brian Hanuschak as president. In his new...
Sierra Specialty Launches New Agri-Services Insurance Program September 21, 2015 Sierra Specialty has launched a new program that provides general liability & professional liability for agri-services, including agricultural crop spraying;...
Injuries from Wearing High-Heeled Shoes on Rise: Study September 21, 2015 Injuries from wearing high-heeled shoes are increasing, recent research has found. Gerald McGwin, Ph.D., professor and vice chair, Department of...
Aetna Says Federal Regulators Want More Information on Humana Acquisition September 21, 2015 Health insurer Aetna Inc . said on Friday that the U.S. Department of Justice asked for more information on its...
Why No GM Employees Have Been Prosecuted for Faulty Ignitions September 21, 2015 By David Ingram The chief U.S. prosecutor in Manhattan blamed gaps in federal law and “siloing” within General Motors Co. for the failure...
Delaware Court Raising Standards for Class Actions Against Mergers September 21, 2015 By Tom Hals A Delaware judge signaled on Thursday that the rules are changing for shareholder class actions challenging corporate mergers, which are...
Taiwan’s Cathay Financial Completes Acquisition of Conning September 18, 2015 Cathay Financial Holding Co. Ltd., based in Taiwan, said it has completed the previously-announced acquisition of Conning Holdings Corp. through...