Commercial Lines Pricing Jumps 6% in Q2: Towers Watson September 10, 2012 Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines pricing...
iStar Financial Settles Shareholder Lawsuit for $29 Million September 10, 2012 The New York finance company iStar Financial Inc. has reached a $29 million settlement of a lawsuit accusing it of...
Marsh McLennan Agency Acquires South Carolina’s Rosenfeld Einstein September 10, 2012 Marsh & McLennan Agency LLC (MMA) has acquired Rosenfeld Einstein, a $9 million property/casualty and employee benefits agency based in...
Mississippi Court Rules Wal-Mart Not Liable in Gun Ammo Sale to Underage Shooter September 10, 2012 By Holbrook Mohr If a store sells ammunition to an underage person who uses the bullets to kill someone, is the retailer responsible?...
Survivors of Earthquakes in Southwest China Await Relief September 10, 2012 Survivors of a series of earthquakes that killed 81 people and injured more than 800 in a mountainous area of...
Florida’s Citizens’ Plan for Loans to Private Insurers Criticized September 10, 2012 By Michael Peltier Hurricane-prone Florida’s insurer of last resort, state-run Citizens Property Insurance Corp. on Friday approved a plan to provide up of...
Judge Lets Claim Against U.S. Over Stanford Ponzi Scheme Go Ahead September 10, 2012 By Andrew G. Simpson A lawsuit claiming U.S. securities regulators were negligent in failing to respond earlier to Allen Stanford’s $7 billion Ponzi scheme...
Court: Severance Pay Not Subject to Employment Tax September 10, 2012 In a tax decision that could have wide business implications, a U.S. appeals court ruled on Friday that employment taxes...
Report: Wildfires Pose Risk to Three-Quarter-Million Western U.S. Homes September 10, 2012 By Don Jergler More than three-quarters of a million homes in the Western U.S. have a high risk of wildfire damage, according to...
Reinsurance Rendezvous Focuses on Euro Zone, Interest Rates, Capital September 10, 2012 By Charles E. Boyle For once there’s no natural catastrophe hanging over the annual Reinsurance Rendezvous in Monte Carlo (the 56th edition). Tropical storm...