News
New Trends Seen in Jailing of Former Two Sigma Employee for IP Theft
The plan was for Kang Gao to do his exit interview with Two Sigma Investments LLC, a $21 billion quantitative hedge fund in New York, and jump to Citadel LLC, a rival firm in Chicago. Gao never got ...
Five Ex-NFL Players File Suit Against Union for Hiding Concussion Risks
Five former NFL players, including six-time Pro Bowl defensive end Neil Smith, are suing the union for not providing accurate information about the risk of head injuries. The lawsuit on behalf of ...
‘Funnel of Fire’ Destroyed 100 Homes in Washington; Fires Continue
A fire racing through rural north-central Washington destroyed about 100 homes as of Friday, leaving behind smoldering rubble, solitary brick chimneys and burned-out automobiles as it blackened ...
Atrium Underwriting Is Lead War Insurer for Malaysia Air Jet
The Malaysia Airlines jet that was shot down over the eastern Ukraine amid a Russia-backed rebel insurgency was insured by Atrium Underwriting Group Ltd. in case of war, the company confirmed in an ...
Wildfire Lawsuit Plaintiffs Get Record Settlement from Aussie Electric Co.
Survivors of one of Australia's deadliest wildfires are to be awarded nearly 500 million Australian dollars in a class-action settlement reached last Tuesday, the largest such compensation in the ...
NAIC Roadshow to Tout State Regulation to U.S., Foreign Policymakers
The nation's organization of state insurance regulators is launching an educational program to sell U.S. and foreign leaders and the public on the virtues of the 150-year-old state-based insurance ...
Integro Appoints New U.S. Leadership in Boston, New York
Insurance brokerage and risk management firm Integro appointed Ruth Kilduff as chairman and Anne Anderson as president of Integro USA. Both Kilduff and Anderson are Integro veterans. Kilduff leads ...
Insured Losses From Hurricane Arthur Will Not Exceed $250M: RMS
Insured losses from Hurricane Arthur—the first hurricane to make landfall in the U.S. since 2012's Hurricane Sandy—will not exceed $250 million from wind and coastal flooding, according to ...