News
Bank of America to Pay $228M to Settle Forced-Place Insurance Claims
Bank of America Corp. agreed to pay $228 million to settle claims the bank overcharged for insurance homeowners were forced to accept when their regular policies lapsed. The amount was disclosed in a ...
Canadian Pacific Railway Backs Shipper Insurance Requirment
Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest ...
Prepare Now for Next Nuclear Plant Accident, Scientists Say
Three major atomic accidents in 35 years are forcing the world's nuclear industry to stop imagining it can prevent more catastrophes and to focus instead on how to contain them. Of the 176 new ...
Australia’s Wesfarmers to Sell Insurance Brokerage to Arthur J. Gallagher
Perth, Australia-based conglomerate Wesfarmers has agreed to sell the insurance brokerage and premium funding operations of its Insurance division to subsidiaries of U.S.-based broker Arthur J. ...
White House Launching Executive Actions on Pay Equality for Women
President Barack Obama will launch two new executive actions this week aimed at increasing transparency about women's pay in a continuing effort to ensure women are paid equally to their male ...
A.M. Best May be Next with Negative Outlook for Reinsurers
A.M. Best currently has a stable outlook on the global reinsurance industry, but that could change when the rating agency revisits the outlook at midyear, the firm said in a special report Friday. ...
Dismissal of Hebrew National Lawsuit Not Kosher: Appeals Court
A year after ConAgra Foods Inc won the dismissal of a lawsuit claiming that its Hebrew National hot dogs were not kosher, a higher authority has given the case new life. A federal appeals court in ...
Officials Praise Antitheft Features on Samsung’s Galaxy S5
A move by Samsung to include free anti-theft features on its Galaxy S5 smartphones sold by Verizon Wireless and U.S. Cellular won praise on Friday by two U.S. members of an international coalition ...