Markets
Sept. 11 Victims Lose Right in U.S. to Sue Firms With Alleged Al-Qaeda Ties
The U.S. Supreme Court turned away an appeal by thousands of Sept. 11 attack victims who sought to sue Middle Eastern companies and people for allegedly providing crucial support to al-Qaeda. The ...
U.S. Bond Funds Sue Puerto Rico Over Bankruptcy Law Changes
U.S. mutual funds holding about $1.7 billion in Puerto Rico debt have sued the cash-strapped commonwealth, accusing the Caribbean island of passing an act modeled after the U.S. bankruptcy code in ...
Ex-AIG CEO Greenberg Loses Supreme Court Appeal Over Company’s Bailout
The U.S. Supreme Court on Monday rejected an appeal by former American International Group Inc Chief Executive Maurice "Hank" Greenberg, who accused the Federal Reserve Bank of New York of unlawfully ...AIG Endorsement Responds to Supreme Court ‘Fraud on the Market’ Ruling in Halliburton
American International Group, Inc. insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as ...
Another Climate Report Outlines Business Risks, Insurance Pitfalls
"Risky Business: The Economic Risks of Climate Change to the United States," a report on climate change and how it will affect businesses, offers a variety of information on how a changing world will ...
CFO Levy to Lead Re Division at Munich Reinsurance America Replacing Albo
On Thursday, Munich Reinsurance America announced that Chief Financial Officer Steven Levy has been named president of the Reinsurance Division, effective October 1, 2014. Levy replaces Pina Albo, ...
Merger Questions and Answers: Ironshore Ends Deal; Tower Deal Survives
Property/casualty insurance industry merger news continued late last week with Ironshore announcing that its deal to acquire an Australia specialist fell apart, while Tower got an assurance that its ...
El Niño Doesn’t Reduce Need for Hurricane Prep, Guy Carpenter Warns
Guy Carpenter & Co. LLC warned that the U.S. Atlantic and Caribbean coastal regions should prepare for at least two hurricanes to make landfall during the 2014 season, even with ...