Study Finds Little Earthquake Risk from Fracking June 18, 2012 The fracking drilling technique used to tap shale oil and gas is unlikely to trigger earthquakes, but underground injection of...
WellPoint to Settle Class Action Over Anthem Demutualization for $90 Million June 17, 2012 Health insurer WellPoint Inc. has agreed to pay $90 million to settle a class-action lawsuit against its Anthem unit over...
Facebook, Banks Want Shareholder Lawsuits in New York Court June 15, 2012 Facebook Inc. and its lead underwriters Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. have requested that...
Senators Call for Bipartisan Support for Cap on Crop Insurance Subsidies June 15, 2012 By Andrew G. Simpson U.S. Senators Jeanne Shaheen, D-N.H., and Pat Toomey, R-Pa. are urging the Senate to support their bipartisan amendment to end...
Last Loans Used to Buy AIG, Bear Stearns Assets Repaid: Fed Reserve June 15, 2012 By Ben Berkowitz and Jonathan Spicer The Federal Reserve Bank of New York said on Thursday the last of its loans made to acquire risky assets...
Ratings Recap: DTRIC, Kansas Bankers, ProAssurance, American Federated June 15, 2012 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-”...
Chubb Adds Covert Shipment Tracking to Suite of Security Services June 14, 2012 The Chubb Group of Insurance Companies and FreightWatch International are teaming up against record-high levels of cargo theft. FreightWatch, which...
Philadelphia Insurance Launches Commercial Flood Protection June 14, 2012 Philadelphia Insurance Cos. has introduced a new commercial primary flood insurance product designed to be an alternative to businesses enrolled...
Ex-Partner Sues Dewey, Says Law Firm Was Ponzi Scheme June 14, 2012 By Nate Raymond A former partner at Dewey & LeBoeuf has sued a group of the law firm’s ex-leaders for fraud, saying they...
Small Business Owners Dismiss Risk of Data Breach: Survey June 14, 2012 As the number of data breaches involving smaller businesses continues to grow, a new survey by The Hartford finds 85...