News
China to Permit More Foreign Investment in Insurance, Securities and Banking
China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world's second-largest economy. The ...
Watsa’s Fairfax Financial Wins Approval to Grab Majority Stake in Indian Lender
Value investor Prem Watsa's Fairfax Financial Holdings Ltd. won regulatory approval to buy 51 percent of Catholic Syrian Bank Ltd., marking the first time India's central bank is allowing a foreign ...
Chinese M&A Could Slow Due to Regulatory, Policy Hurdles: A.M. Best
While Chinese companies have been increasing their overseas merger and acquisition (M&A) activity in recent years, there are signs that growth could slow in the coming year, as a result of ...
St. Louis Tops Judicial Hellholes: ATRA Report
St. Louis, Mo. edged out California and New York for top spots in the nation for unfair handling of civil litigation, according to the with The American Tort Reform Foundation 2016-2017 Judicial ...
XL Catlin Launches Clinical Trials Coverage for Life Sciences Firms in Germany
XL Catlin's insurance operations in Germany have announced the addition of a stand-alone clinical trials product for life science clients. Life science companies are operating in an increasing ...
U.S. Issues Rules to Address Medical Device Cyber Vulnerabilities
The U.S. government on Tuesday issued rules for addressing cyber vulnerabilities in medical devices, providing manufacturers with guidelines for fixing security bugs in equipment, including ...
A Minority of Insurers Expect Higher 2017 IT Spending
A minority of insurers expect higher 2017 spending in their information technology budgets. Just 37 percent say that they expect an increase in their IT spending. That compares to 45 percent of ...
Isn’t It Ridiculous? Top 10 Abuses of the Legal System for 2016
The U.S. Chamber Institute for Legal Reform recently announced its annual list of the Top 10 Most Ridiculous Lawsuits: Starbucks feels the heat from two abusive lawsuits (Ill. and Calif.) Court ...