News
Top U.S. CEOs See Compensation Increases Shrink
Big U.S. companies appear to have handed out smaller increases in compensation to their chief executives in 2013 than in 2012, mainly as a result of reduced grants of stock options, according to an ...
UK Spending Cuts Could Mean More Flood Re Claims: Fitch
Uncertainty about UK government spending on flood defenses means the industry-managed Flood Re program for pooling flood risk may face higher-than-expected claims in the future, according to Fitch ...
Lawyer Appeals Ruling Preventing $9.5B Payday in Chevron Case
A U.S. lawyer on Tuesday appealed a federal judge's ruling that he used fraud to secure a multibillion-dollar pollution judgment against Chevron Corp in Ecuador, a decision that bars him from ...Apollo’s Insurer Athene Looks to Raise $1 Billion for Acquisitions
Athene Holding Ltd., the insurer controlled by Leon Black's Apollo Global Management LLC, doubled its capital-raising goal to $1 billion to add funds for acquisitions. The insurer plans to finalize ...
Florida Supreme Court Finds Medical Damages Caps Unconstitutional
The Florida Supreme Court has ruled that the state's caps on noneconomic damages in medical malpractice wrongful death cases violate the state Constitution's equal protection clause. The 5-2 opinion ...
China’s Ping An, Ctrip Travel to Sell Smog Insurance to Tourists
Ping An Insurance Group Co., China's second-biggest insurer, is collaborating with Ctrip.com International Ltd. to sell smog insurance to tourists traveling to Beijing and six other Chinese cities. ...
U.S. Accounting Regulator Says Auditor Marketing Practices Deceptive
A top U.S. audit regulator is sounding the alarm over what she fears may be a false stamp of approval that some accounting firms are using as they market themselves to potential clients. A growing ...
$11+ Million a Day in U.K. Flood Insurance Claims, Says ABI
Insurance claims from the recent spate of floods in the U.K. are averaging $11.18 million a day, according to the Association of British Insurers (ABI). The "wettest winter on record is likely to ...