Stakes for P/C Insurers ‘High’ If Congress Shifts TRIA Burden: Moody’s June 11, 2014 If Congress acts to extend the federal government backstop for terrorism insurance, the new version will likely impose higher deductibles...
Florida Hearing Set for Zimmerman Defamation Claim Against NBC June 11, 2014 By Kyle Hightower The judge in George Zimmerman’s defamation lawsuit against NBC Universal is set to hear arguments on a request by the...
Atlanta Braves Cite ‘Baseball Rule’ in Injury Suit Defense June 11, 2014 The Atlanta Braves baseball team has asked an appeals court to uphold a special rule and find the team not...
Judge Approves $1.6M Settlement in South Carolina Train Crash June 11, 2014 A judge has approved a $1.6 million settlement for people injured and killed in the 2011 crash of a children’s...
Patent Risk, Insurance Firm RPX Eyes Supplier of Patent Owner Data June 11, 2014 By Dan Levine Patent risk management company RPX Corp. is in advanced talks to acquire litigation data provider PatentFreedom, three sources familiar with...
Businesses Lobby Delaware to Keep ‘Loser Pays’ Option in Shareholder Suits June 11, 2014 By Tom Hals Big business is lobbying Delaware lawmakers for corporate bylaws to shift legal fees to shareholders who sue and lose, which...
Under New CEO Hancock, Smaller AIG Expected to Focus on Growth June 11, 2014 By Hugh Son and Noah Buhayar American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor...
Torus Appoints Gispen as Branch Manager, Rotterdam June 11, 2014 Global specialty insurer Torus announced that Jaap Gispen has been appointed Branch Manager in Rotterdam, to lead the company’s Netherlands-based...
Global Reinsurer Stocks Face Challenges in 2014: Best Special Report June 11, 2014 A new report from A.M. Best determined that “stocks for publicly traded reinsurance companies, including the four top European players,...
Fitch Upgrades Lloyd’s Ratings to ‘AA-‘; Outlook Stable June 11, 2014 Fitch Ratings announced that it has upgraded Lloyd’s of London’s Insurer Financial Strength (IFS) rating to ‘AA-‘ from ‘A+’, and...