News
High Court to Determine Fate of Securities Class Actions
In a case eagerly watched by publicly traded companies regularly sued by investors, the U.S. Supreme Court will on Wednesday consider overruling a 26-year-old precedent that made it easier for ...
Fitch Expects No Rating Impact of Winter Losses
Severe winter weather is causing large losses for property/casualty insurance companies in early 2014, however there should be no rating impact as a result, according to Fitch Ratings. The severe ...
Majesco’s Fall ’26 Product Release Accelerates the Journey to a Frontier Firm We are standing at the edge of a...
India Opposition Party Vows More Foreign Investment in Insurance
India's opposition Bharatiya Janata Party will consider raising the cap on foreign investment in the insurance sector from the current level of 26 percent if it comes to power after elections due by ...
Is Jain Next? Buffett Vagueness Over Successor Worries Investors
Warren Buffett is seeking to reassure shareholders about how his Berkshire Hathaway Inc. will perform in the decades after he steps down or dies, but remains as vague as ever about succession plans. ...
Fed Response to Financial Crisis Could Have Been More Aggressive: Bernanke
Former Federal Reserve Chairman Ben Bernanke said the U.S. central bank could have done more to fight the country's financial crisis and that he struggled to find the right way to communicate with ...
State Farm Reports Underwriting Profit for 2013
Even though State Farm's auto businesses suffered a loss in 2013, the property/casualty companies reported a $230 million underwriting gain, State Farm reported on Friday. The $230 million gain of ...
N.Y.’s ‘Scaffold’ Law Increases Injuries, Costs $3B a Year: Study
A study published this month challenges the claim that New York's Labor Law 240, also known as the "Scaffold Law," improves workplace safety. The study argues New York incurs additional workplace ...
Judge OKs JPMorgan $300M Settlement Over Force-Placed Insurance
A U.S. judge has approved a settlement of a class-action lawsuit against JPMorgan Chase for its force-placed insurance practices, an agreement that could pay more than $300 million to about 750,000 ...