Industry News
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, ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
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 ...
RSA Insurance Poaches Zurich Exec Norgrove for Irish Unit
RSA Insurance Group Plc named Ken Norgrove as chief executive officer of its Irish unit as the company seeks to put a scandal in Ireland that led to a $1.3 billion rights issue behind it. Norgrove ...
Top Execs of Failed Dewey Law Firm Charged with Fraud
Three former executives at Dewey & LeBoeuf LLP, once the No. 3 legal adviser to banks handling merger deals, were charged with a "blatant" $200 million fraud that spurred the largest law firm ...