Government
Texas Court Approves $84.4M Settlement in 2002 Farmers Insurance Case
A Travis County, Texas district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners ...
Credit Insurers Refusing New Coverage to Greek Customers
Credit insurers are refusing to offer new cover to companies carrying out trade with Greece because of uncertainty over the solvency of Greek customers hit by capital controls, a Greek importer told ...
Regulators of Aetna Humana Deal Could Question Other Insurer Deals
Aetna Inc.'s $37 billion deal to buy smaller health insurer Humana Inc. will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the ...
Court Clarifies Rule on Unpaid Internships
Unpaid internships are legal when they are closely tied to interns' educations, a U.S. appeals court in Manhattan said on Thursday in reversing a decision that Fox Searchlight Pictures Inc. broke the ...
Fracking Officially Banned in New York, Ending Seven-Year Review
New York formalized its ban on high-volume hydraulic fracturing for natural gas on Monday, concluding a seven-year environmental and health review that drew a record number of public comments. "After ...
Delaware Bans ‘Loser Pays’ Fee Shifting in Class Actions
Delaware's governor has signed into law a ban on companies adopting rules that could force investors who bring and lose certain lawsuits to pay the company's legal costs, disappointing business ...
No Ratings Impact Seen From Proposed Offshore Re Tax Changes: A.M. Best
Tax changes proposed by U.S. lawmakers to prevent offshore tax avoidance by reinsurers will not lead to prompt any rating revisions over the near term, according to a briefing from A.M. Best. Under ...
Global Insurance Regulators Delay Tougher Capital Rules For One Year
Global insurance regulators will take more time than previously planned to address industry concerns before applying tougher capital rules to some of the largest companies they oversee. Capital rules ...