News
Lloyd’s Posts $4.5 Billion Profit for 2012
Lloyd's reported an overall profit of $4.517 billion for 2012, making the $800 million loss in 2011, the costliest year on record for natural catastrophes, a fading memory. Controlled growth in 2012 ...Flood Insurance Premiums to Rise, FEMA Chief Warns
The head of the Federal Emergency Management Agency said people who buy federal flood insurance need to plan for big rate hikes. FEMA Director Craig Fugate said some people now paying hundreds of ...
Modern Fire Science Prompts Reviews of Past Arson Convictions
Ed Graf was given life in prison 25 years ago for killing his two stepsons by locking them in a backyard shed and setting it on fire. Two investigators used photos of the shed's remains to persuade ...
TRIA Won’t Be Extended, P/C Carrier CEOs Say
Chief executive officers of property/casualty insurance carriers said their companies will still stand ready to provide terrorism coverage when—not if—the Terror Risk Insurance Act expires ...IRS Loses Bid to Save Tax Preparer Regulations
The U.S. Internal Revenue Service on Wednesday lost a request to prevent the partial shutdown of its tax return preparer regulatory program pending an appeal. In a one-page ruling, the U.S. Court of ...
Supreme Court Delivers Another Setback to Class Actions in Comcast Ruling
The U.S. Supreme Court on Wednesday ruled in favor of Comcast Corp. in a case over how much it charged a group of cable TV subscribers, the latest blow against consumers hoping to pursue class action ...
Analysis: Shareholder Revolt Over Pay Unlikely in Europe This Spring
While politicians and public have fulminated against lottery-sized pay awards in Europe's boardrooms, fund firms, which wield the real power, are less concerned by such excesses and unlikely to use ...
U.S. Housing Recovery Widespread But Uneven
By one measure, the U.S. housing market turned a significant corner early this year: Prices are on the rise everywhere. For the first time since the bottom fell out of residential real estate ...