News
Judge Finds No “Overarching Conspiracy” In Private Equity Collusion Suit; Case Moves Forward
A federal judge narrowed a closely watched lawsuit accusing some of the world's largest private equity firms of colluding to drive down prices on companies they sought to buy, costing shareholders of ...
U.S. Oil Boom Protects World From Supply Shocks, IEA Says
Soaring U.S. oil production should be enough to allow consumers withstand most potential supply shocks, the International Energy Agency (IEA) said on Wednesday, as it cut estimates for global oil ...
U.S. CEOs See Better Economy, But Few Hiring
U.S. chief executive officers' confidence in the economy rebounded in the first quarter, but they remained leery of taking on new workers at home, according to a survey released on Wednesday. The ...Google Pays $7M To Settle 38-State Probe; Largest Internet Privacy Fine
Google Inc. will pay $7 million to 38 states and the District of Columbia to settle an investigation into a controversial incident in which its Street View mapping cars collected passwords and other ...‘Solid Progress’ Made At Pacific Trade Talks
Progress is being made in Trans-Pacific Partnership (TPP) trade talks but hurdles remain and Japan is unlikely to be set to join the next round in May, negotiators said on Wednesday, pointing to a ...N.Y. Proposes Establishing Private Right of Action for Insureds Suffering Disaster Losses
A New York legislator proposed a new bill that would establish a private right of action for the insured for unfair insurance settlement practices when the claim relates to loss or injury in regions ...Direct Writers’ Race Past Agency Carriers On Personal Auto Rate Of Growth: Study
Personal auto insurance premiums grew 10 times faster for direct writing carriers than for independent agency carriers in 2011, according to a new study. The newly-released "2013 Property & ...
P/C Industry Suffers Worst 4Q In A Decade: SNL
SNL Financial reported recently that property/casualty industry fourth-quarter 2012 underwriting results, buffeted by losses from Superstorm Sandy, are on track to come in at the worst level for any ...