News
Fidelity National Considering Sale of Assets
Fidelity National Financial Inc., the title insurer that also has restaurant businesses and an auto parts company, hired JPMorgan Chase & Co. to review possible divestitures of assets. The ...
Richard Ward to Chair Brit Insurance Holdings
Brit Insurance Holdings BV announced the appointment of Dr. Richard Ward as Chairman of the Company and of Brit Syndicates Limited. Subject to regulatory approval, Ward will assume the position on ...
Duperreault Partnering with Hedge Fund to Buy Cohen’s S.A.C. Re, Ltd
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal ...
U.S. Extends Permits for Wind Farms That Accidentally Kill Eagles
The Obama administration on Friday extended the length of permits that allow wind farms and other operations to accidentally kill protected eagles to 30 years, drawing fire from wildlife ...
Rate Gains Tapering in Commercial Lines: Towers Watson
Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers ...
LA Sues Citi, Wells Fargo Over Discriminatory Mortgage Lending
The city of Los Angeles has filed a lawsuit against Citigroup and Wells Fargo, seeking damages for a loss in tax revenue due to discriminatory mortgage lending to the city's minority communities, a ...
Tornado Economic Cost Tops $1B from Rare November Storms, Aon Says
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance ...
Renewable Fuel Backers Try to Change EPA’s Mind
Supporters of the renewable fuels industry turned out en masse on last Thursday, desperate for the U.S. government to change course after last month announcing a plan to lower the amount of biofuels ...