Seven Straight Years of Reserve Releases: Fitch

Property/casualty industry prior-year loss reserves have developed favorably for seven straight calendar years, according to a new report from Fitch Ratings, which also says the industry reserve ...

Will BP’s Hard-Line Legal Tactics Backfire?

BP's hard-line legal tactics aimed at capping the financial blowout from the 2010 Gulf of Mexico oil disaster will backfire, according to Joe Rice, negotiator of last year's settlement on behalf of ...

Sinkholes Not Occurring More Frequently In Florida

Sections of a building at a resort near Orlando's theme park district collapsed into a sinkhole late Sunday, forcing the evacuation of 105 guests in the structure and also dozens of visitors staying ...