AmTrust Financial Refutes Negative Report, Says Future Has ‘Never Been Brighter’ December 17, 2013 By Young Ha AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative...
Hartford May Sell Rest of Corporate-Owned Life Business: Report December 17, 2013 By Matthew Monks Hartford Financial Services Group Inc., the insurer which rebuffed an activist’s calls to split into two companies last year, is...
Nasdaq Denied Immunity for Some Investors’ Claims Over Facebook IPO December 17, 2013 By Edvard Pettersson Nasdaq OMX Group Inc. must face some of the negligence and securities law claims by investors who alleged they suffered...
Ex-BP Engineer Destroyed Gulf Spill Evidence, Jury Told December 17, 2013 By Daniel Lawton and Margaret Cronin Fisk A former BP Plc engineer deliberately destroyed evidence sought by the U.S. for a probe of the 2010 Gulf of...
Democrats Question Government Contracts to Firms with Safety, Labor Violations December 17, 2013 By Sam Hananel The federal government awards billions of dollars in contracts each year to companies that routinely violate safety, health and wage...
Ironshore’s U.S. Energy Unit Launches Endorsements for Upstream Risks December 16, 2013 The Energy Unit of Ironshore’s U.S. Specialty Casualty unitis now offering enhanced insurance coverage endorsements for upstream energy risks as...
GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL December 16, 2013 Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer. According...
AIG to Sell Aircraft Leasing Unit ILFC for $5 Billion December 16, 2013 American International Group Inc. agreed to sell the world’s second-largest aircraft lessor to AerCap Holdings NV for $5 billion after...
Toyota to Begin Talks to Settle Acceleration Claims December 16, 2013 By Jessica Dye Toyota Motor Corp. will begin talks to potentially settle hundreds of lawsuits alleging that defects caused some of its vehicles...
Best Affirms W. R. Berkley Corp. and Subs ‘A+’ Ratings; Outlook Stable December 16, 2013 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-”...