Industry News
Nationwide Helps Finance $50M SunEdison Calif. Solar Project
SunEdison Inc., the solar developer and polysilicon supplier formerly known as MEMC Electronic Materials Inc., will use $50 million to build 13.4 megawatts of photovoltaic projects for California ...
Commercial Rate Gains Slowing; 4Q Aggregate Jump 5%: Towers Watson
Commercial insurance prices have risen for 12 straight quarters, including the latest jump of 5 percent in aggregate during fourth-quarter 2013. But price gains are slowing down, according to Towers ...
Early Warning: El Nino Could Strike by Summer
The much-feared El Nino phenomenon, the warming of sea surface temperatures in the Pacific which can trigger drought in Southeast Asia and Australia and floods in South America, could strike as early ...
Fitch Sees Rise in Demand for Private Flood Insurance
As federal subsidies for flood insurance are reduced and the cost of government provided insurance goes up, the demand for private flood coverage could also rise, according to Fitch Ratings. However, ...
Company Mergers in U.S. Ignore 60-Day ‘Cooling Off’ Period: Reuters
Sometime soon, maybe in the next month or so, a federal judge is expected to decide whether the creation of the world's biggest passenger airline, as envisioned by two companies and the U.S. Justice ...
Tower Group Out of Compliance with NASDAQ Listing Rules
Tower Group International, Ltd. announced Friday that it received a notification letter from The NASDAQ Listing Qualification Department ("NASDAQ") on March 5, 2014, stating that the company is not ...
AIG Launches Bermuda Segregated Accounts Company
In response to strong demand for alternative risk financing programs, particularly from small and midsize companies globally, American International Group Inc. on Friday announced the launch of Grand ...
HSBC, Wells Fargo Forced-Property Insurance Suits Settled
HSBC Holdings Plc and Wells Fargo & Co. have agreed to settle lawsuits by mortgage holders who alleged they were forced to pay for property insurance at inflated rates. HSBC will pay as much as ...