News
NOAA Forecasters Say El Niño Weakens Atlantic Hurricane Outlook
The Atlantic hurricane season will be less active than usual, producing six to 11 named storms through Nov. 30, as moderate sea-surface temperatures and an El Niño weather pattern limit storm ...
Average Cost of Data Breach Increases to $3.8M: Study
The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study released on Wednesday. The total ...
Ex-AIG CEO Greenberg at 90: ‘You Got to Fight’
Maurice "Hank" Greenberg spent some of his 90th birthday party like he's spent much of the past decade: angry. As he addressed his family at a lunch at a private estate this month, one of his sons ...
Reinsurance Leaders Marcell, Faure Stepping Down at Guy Carpenter, Endurance
Reinsurance broker Guy Carpenter and Endurance Specialty Holdings, an insurance and reinsurance company in Bermuda, separately announced that reinsurance industry veterans are stepping down from ...
P/C Insurer Net Income Over $55B for 2014: ISO/PCI Report
Net income for U.S. property/casualty insurers totaled $55.5 billion after taxes last year, coming as little surprise to experts who had forecast a $50-billion-plus result early this year. In early ...
Florida High Court Nixes Applying Medical Malpractice Cap Retroactively
A 2003 law capping medical malpractice lawsuit awards at $500,000 can't be applied retroactively. That's what the Supreme Court ruled in a Miami-Dade County case in which a woman suffered permanent ...
Trial Begins for Dewey & LeBoeuf Executives Charged with Fraud
Nearly three years after the demise of law firm Dewey & LeBoeuf, a Manhattan prosecutor opened the criminal trial of three of the firm's former executives on Tuesday by accusing the trio of ...
U.S. Population Affected by Heat Waves Could Quadruple by 2050: Research
U.S. residents' exposure to extreme heat could increase four- to six-fold by mid-century, due to both a warming climate and a population that's growing especially fast in the hottest regions of the ...