News
Private Market Can’t Reach TRIA Levels of Terror Cover: Govt. Report
Those who back renewing the Terrorism Risk Insurance Act, or TRIA, got shot in the arm on April 17 from federal regulators who have concluded that the private market can't provide reinsurance for ...
Aspen-Endurance Battle Escalates: Aspen Adopts Poison Pill, Endurance Reacts
The takeover battle between Aspen Insurance Holdings Ltd. and Endurance Specialty Holdings Ltd. escalated on Thursday, with Aspen's board of directors announcing a shareholder rights plan—commonly ...
Loyalty No Longer Rewarded as Airlines Cut Free Upgrades for Frequent Flyers
For business flyers like Adam Kubryk, who is on the road about 200 days a year, one of the perks of flying often and using the same airline regularly is getting upgraded from coach to business class ...
SEC Unveils Blueprint for Cyber Security Exams of Wall St. Firms
U.S. securities regulators have unveiled a road map that lays out how they plan to make sure Wall Street firms are prepared to detect and prevent cyber security attacks. The nine-page document, ...
Watsa’s Fairfax Leads Eurobank Investor Group Betting on Greek Turnaround
International investors are to invest 1.3 billion euros ($1.8 billion) in Eurobank to become the bailed-out Greek bank's biggest shareholders in another sign of growing market confidence in Greece. ...
NYAG Schneiderman Probing High-Speed Traders
The New York attorney general is probing more than half a dozen high-speed trading firms, a person familiar with the matter said on Wednesday, as part of his wide-ranging probe into alleged unfair ...
NHL Sued by TIG Insurance Over Defense of Concussion Lawsuits
The National Hockey League was sued by an insurer seeking to limit its duty to defend the league in lawsuits alleging it concealed the long-term effects of concussions and failed to warn players of ...
Mississippi Commissioner Files Motion to Drop Flood Insurance Suit
The Mississippi Department of Insurance will drop a lawsuit filed in 2013 against the National Flood Insurance Program. The lawsuit, filed in federal court in Jackson, sought to block flood insurance ...