News
Troubled Tower Ends Relationship with PwC; Fitch Announces Downgrade, Rating Withdrawal
Tower Group International has fired PricewaterhouseCoopers as its accounting firm, six months after announcing it would restate previously filed financial statements for 2011 and 2012 due to ...
Over 150 Dead in Coal Mine Explosion in Turkey
An explosion and fire in a coal mine in western Turkey killed at least 151 miners and trapped hundreds more on Tuesday, with the death toll expected to rise in the country's worst mining accident for ...
MERS Virus Suspected in Illnesses of 2 Florida Hospital Workers
Two workers at the Florida hospital where federal officials reported a case of a potentially lethal Arabian virus have fallen ill after coming into contact with the patient. One of the workers has ...
Madoff Victims Seek $40B from Compensation Fund
The overseer of a U.S. fund to compensate victims of Bernard Madoff's Ponzi scheme on Tuesday said he has received roughly 51,700 claims seeking to recoup more than $40 billion, both totals far ...AIG Says Whistleblower Suit Alleging Unlicensed Life Ins. Sales Without Merit
American International Group Inc. defrauded the U.S. by failing to disclose it was selling insurance without a license during negotiations with the government over a bailout in the financial crisis, ...
Brit PLC Grabs QBE’s Aviation Business After Solid Quarter
Brit PLC, a global specialty insurer and reinsurer focused on property, casualty and energy, will snatch up QBE Underwriting Ltd.'s renewal rights to its London-based Lloyd's Aviation Business. ...
What Causes Wildfires? People, Brush and More
Spring's not even over and already wildfires have raged in California, New Mexico and Oregon this year. A bulletin issued by the National Interagency Fire Center forecasts above normal fire potential ...
Oxbridge Re Gets Off To a Promising Start
Oxbridge Re Holdings, a fledgling reinsurer for property/casualty insurers in the U.S. Gulf Coast region, reported its first financial results as a public company. The numbers reflect both potential ...