Court Revives Securities Case Involving Foreign vs. Domestic Transactions March 2, 2012 By Jonathan Stempel A federal appeals court has breathed new life into a lawsuit accusing a Beverly Hills broker-dealer of defrauding nine hedge...
Japan Refiners Eye Force Majeure Clauses Due to Lack of Insurance March 2, 2012 By Osamu Tsukimori and Randy Fabi Japanese buyers of Iran crude may ask Tehran to include a force majeure clause in contracts if they are unable...
Iran Ship Insurer Vows to Pay Western Claims Despite Sanctions March 2, 2012 By Clare Baldwin Tough new U.S. sanctions against Iran are raising concern that the OPEC member’s insurers may not be able to pay...
CFC Introduces Tailored Policy for PEOs March 2, 2012 CFC Underwriting, a Lloyd’s MGA, has launched a tailored policy for professional employment organizations (PEOs) that includes professional and general...
U.S. Seeks Dismissal of Ex-CEO Greenberg’s $25B Lawsuit on AIG Takeover March 2, 2012 The U.S. government has asked a court to dismiss a lawsuit relating to its 2008 takeover of American International Group...
Workers’ Comp Surcharge Cost Burden to N.Y. Employers: Study March 1, 2012 By Young Ha The assessment surcharge added to workers’ compensation costs for New York employers is increasingly becoming a burden for businesses, according...
Nevada Workers’ Comp Loss Costs to See 1% Increase March 1, 2012 Many Nevada employers will see a small increase in the premiums they pay for workers’ compensation insurance in 2012. Nevada...
Philadelphia-based Graham Company Announces Promotion March 1, 2012 The Graham Company, one of the Mid-Atlantic region’s largest insurance and employee benefits brokers, promoted industry veteran Dina Daniele to...
Driving on ‘High’-way: Many Teen Drivers Admit Having Driven After Pot March 1, 2012 By Young Ha A surprisingly large number of U.S. teen drivers admit to having driven under the influence of marijuana, according to Liberty...
Report: Arizona P/C Insurers See Premiums Written Fall and Losses Rise March 1, 2012 By Don Jergler A report on Arizona’s property/casualty insurers issued on Thursday shows a drop in written premiums to $7.4 billion, and a...