News
Arab Bank Resolves U.S. Lawsuits Over Militant Attacks in Israel
Arab Bank Plc has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel, nearly a year after a U.S. jury found the bank liable. The ...
Executives On The Move at GEICO And ACE Group
GEICO promoted a veteran executive to one of its senior vice president positions. George Rogers assumes the title as well as responsibility for GEICO's operations in the Southeast and Midwest. As ...
Two New Tech Releases Designed to Improve P/C Company Routines
Two software companies focused on the insurance industry are releasing new initiatives that bring in high tech to help carriers do their jobs more efficiently. Guidewire Software, a California tech ...
Willis and UnipolSai Sponsor First Cat Bond For Italian Earthquake Risk
An Italian insurance company and a division of Willis Group Holdings plc completed what is billed as the insurance/reinsurance industry's first indemnity-trigger catastrophe bond for Italian ...
Berkshire Hathaway Hints Another New Purchase May Be Coming
Warren Buffett's Berkshire Hathaway Inc on Friday said it boosted its stake in cable TV operator Charter Communications Corp, and signaled it may have another large investment planned after agreeing ...
El Nino Conditions Could Last Until Spring in Northern Hemisphere
A U.S. government weather forecaster on Thursday raised the likelihood that El Nino conditions would last into the Northern Hemisphere's early spring to 85 percent, boosting the probability that ...
Lloyd’s, Fulbright Commission Expand Risk-Related Research Program
Lloyd's of London and the U.S.-U.K. Fulbright Commission announced recently that they've extended and expanded a program designed to pursue risk-related research in the U.S. The partnership, through ...
Goldman Sachs Will Pay $272M to Settle Mortgage-Backed Securities Lawsuit
Goldman Sachs Group Inc will pay $272 million to settle a lawsuit that claimed the Wall Street bank defrauded investors about the safety of about $6 billion of residential mortgage-backed securities ...