Risk
Willis Re: TRIA’s Demise Leaves Companies Actively Pursuing Alternate Coverage
Companies are actively pursuing alternative coverage to fill in reinsurance gaps left by the demise of TRIA after Dec. 31, Willis Re said in its Jan. 1, 2015 renewals report. "There are many ...
Bank of America’s Countrywide Mortgage Bonds Trigger Ambac Lawsuit
Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from ...
AAA: Americans Murky on Driving Risks with Pot and Prescription Drugs Alike
About 85 percent of Americans want to see laws that punish drivers impaired by marijuana, even as more states have legalized its recreational use. They remain less worried, however, about driving ...
BlackBerrys Could Serve As Cyber Security Solution
If there's one company that's gotten a bit of good press from the Sony Corp. hacking scandal, it's BlackBerry Ltd. The beleaguered entertainment company dug up old BlackBerrys to use after Sony's ...
New Sony Hacking Theory: Ex-Employees May Have Been Involved
At least one former employee of Sony Corp. may have helped hackers orchestrate the cyber-attack on the company's film and TV unit, according to security researcher Norse Corp. The company narrowed ...
Meadowbrook Insurance Sells Itself to China’s Fosun International For $433M
Chinese conglomerate Fosun International Ltd. is closing out 2014 with a plan to buy Meadowbrook Insurance Group for $433 million. The deal, at $8.65 per share, will allow Fosun to gain a big ...
First Bodies and Debris Discovered in AirAsia Indonesia Crash
Indonesian search crews recovered debris and bodies floating in the sea from the AirAsia Bhd. airliner that went missing three days ago with 162 people on board, as investigators seek to determine ...
North Korea May Have Had Outside Help in Sony Pictures Hacking
U.S. investigators believe that North Korea likely hired hackers from outside the country to help with last month's massive cyber attack against Sony Pictures, an official close to the investigation ...