Supreme Court Poised to Decide Future of Securities Class Actions November 18, 2013 By Greg Stohr The U.S. Supreme Court accepted a case with the potential to transform securities litigation, agreeing to reconsider a precedent that...
Tower Restating Prior Financials; ‘Going Concern’ Status in Doubt November 18, 2013 By Susanne Sclafane Tower Group International Ltd. announced Nov. 14 that it is restating previously filed audited annual consolidated financial statements for 2011...
Philippine Disaster Fuels Call for Rich Nations to Compensate Poor for Global Warming Losses November 18, 2013 By Alex Morales The typhoon that killed thousands of people in the Philippines has energized debate about whether rich nations should compensate poor...
Philippine Typhoon Haiyan’s Cost to Insurers Estimated at $300-$700 Million: AIR November 17, 2013 By Lindsey Rupp Super Typhoon Haiyan, one of the strongest storms to hit land, may cost insurers as much as $700 million in...
Vietnam Says 24 Dead in Floods, Search for 10 Missing Continues November 17, 2013 Twenty-four people died and a search continues for 10 others missing after three days of downpours triggered flooding in Vietnam’s...
Many State Insurance Regulators Uncertain About Obama’s Fix to Health Insurance Promise November 17, 2013 By Caroline Humer and Curtis Skinner Many U.S. states are hesitant to embrace President Barack Obama’s fix to keep Americans from losing health insurance plans that...
Insurers Weigh Forming Captive to Insure Customers of Bankrupt Futures Brokers November 17, 2013 Eight private insurers have expressed interest in participating in a fund to provide insurance for losses suffered by customers of...
Montana State Fund Declares Its Largest Dividend November 15, 2013 More than 23,000 qualifying policyholders will receive a part of a $12 million dividend from Montana State Fund, the worker’s...
Safeco in California to Pay Out $3M For Using Credit Scores November 15, 2013 Safeco Insurance Co. has agreed to pay a $900,000 fine and reform its approval process for homeowners and auto insurance...
Risk Partners Names Regional Business Development Manager in N.Y. November 15, 2013 Medford, N.J.-based Risk Partners Inc. appointed industry veteran David Bierschied in New York State as regional business development manager. Bierschied...