Specialty
Supreme Court to Hear Halliburton Securities Class Action
The U.S. Supreme Court, which in recent years has ruled for business in a string of high-profile cases, agreed on Friday to hear a case that could herald a dramatic decline in securities class action ...
Marsh Urges Energy Insurance Market to Rethink Cyber Clauses
There have been many instances in the past where the property insurance market has responded to events that have contributed significant losses by seeking broad exclusionary language to prevent ...
EU to Fine Banks Billions Over Rate Rigging
A number of finance firms, including Royal Bank of Scotland and Rabobank face billions of euros in fines next month from European Union regulators for colluding on global benchmark interest rates, ...
Morgan Stanley Says AIG May Sue Over Mortgage Investments
Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed securities that the insurer bought before the financial crisis. ...
Carl Icahn Says No Better Time to Be an Activist Investor
Carl Icahn's publicly traded investment vehicle, Icahn Enterprises L.P., reported strong third-quarter results on Monday and the billionaire said now is the best time ever to be an activist investor. ...
Bank Of America Wins Dismissal of Shareholder Suit Over AIG Disclosure
Bank of America Corp has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International Group Inc. In a decision ...
Market Share of Top 30 U.S. Excess & Surplus Insurers
Marsh: Risk-Adjusted Benchmarking Offers Alternative View to D&O Market Rate Changes
Although primary rates for directors and officers liability coverage continue to firm on a traditional rate comparison basis, global broker Marsh says the excess market remains competitive with ...