News
S&P Says U.S. Fraud Lawsuit Over Ratings is Too Broad for Trial
McGraw Hill Financial Inc.'s Standard & Poor's unit said the U.S. government has broadened the securities covered in its fraud lawsuit against the ratings company so that the case would be ...
Trial Begins for Ex-BP Engineer Who Deleted Texts
Nearly a year after energy giant BP cut a deal to a resolve a criminal investigation of its role in the worst U.S. offshore oil spill, a jury is set to hear the Justice Department's case against a ...Imperial Management Corporation Completes Acquisition
Louisiana based, Imperial Management Corporation (IMC) and Southport Lane, LP announced Tuesday that IMC has obtained all required regulatory approvals and closed its previously announced acquisition ...
Willis, Endurance Cover Australia Mining Firm in Index-Based Weather Deal
Willis Group Holdings announced on Tuesday that it designed and placed a derivative-based risk transfer solution to protect against construction delays on an Australian project from cyclone and heavy ...
Left and Right Are Both Wrong About Regulation: Bloomberg View
In 1981, President Ronald Reagan instructed federal agencies that they could issue regulations only after demonstrating that their benefits justified their costs. With modest changes, Reagan's ...
New York Moves to Settle Workers Compensation Trusts’ Debts
The New York Dormitory Authority is borrowing $370 million this week to repay workers' compensation claims, the first sale under a regulatory overhaul that Democratic Governor Andrew Cuomo said will ...
Zurich Insurance Seeks to Boost Investor Confidence, May Lower Target
Zurich Insurance Group AG Chief Executive Officer Martin Senn will probably reduce a profitability target after Switzerland's biggest insurer said it may struggle to meet some goals set in 2010. ...
Runoff Specialists No Longer Buyers of Last Resort in Insurer M&A
Runoff specialists are increasingly becoming visible acquirers of ongoing books of business as M&A activity heats up across the insurance industry, according to a consultant from Towers Watson. ...