News
Validus’ Noonan Slams Berkshire Sidecar, Says Cat Model Won’t Jolt US Re Prices
London market participants are competitive but disciplined, Validus Holdings' CEO said on Friday. But one pocket of "excessive competition" is coming from Berkshire Hathaway's Lloyd's sidecar—a ...
Actuaries Regain Best Job Title
Actuaries are back on the top of an annual ranking of best jobs, retaking the crown from software engineers, who held the title for two years running—and trouncing newspaper reporters who have the ...
Florida Senate Approves Citizens Reform Bill; Path Ahead Remains Uncertain
Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders. Chances for final legislative ...
Spending Cuts May Deep-Six Crucial Flood Gauges
More than 100 crucial gauges that warn of imminent flooding or lack of needed water will be shut down starting next month as part of the federal government's automatic budget cuts. Some are in the ...
Fla. AG Says BP Should Pay $5 B For Spill Damage
Florida Attorney General Pam Bondi has disclosed that she's seeking more than $5.4 billion in damages from BP over the 2010 Deepwater Horizon oil spill. Bondi told reporters on Tuesday that she ...
Chastened Banks Cuts Tens Of Thousands Of Jobs
Banks aren't the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, ...Yahoo Chairman Joins Boardroom Exodus
Yahoo Chairman Alfred Amoroso is joining what has become a mass exodus from the Internet company's boardroom. The departure announced Thursday will make Amoroso the eighth member of Yahoo's board to ...
Oil Spill Judge: What Is Gross Negligence?
The judge who will allocate responsibility for the 2010 Gulf of Mexico oil spill has told lawyers to give him their views about whether a series of negligent acts can add up to gross negligence. The ...