News
Apple-Samsung Case Challenges Sealing of Trade Secrets
A federal appeals court aggressively questioned the scope of the public interest and trade secrets at a hearing on Tuesday over document secrecy in Apple Inc.'s patent litigation against Samsung ...
Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re
Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re's latest sigma study. The ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
Saft Commentary: Europe Chokes Moral Hazard
Moral hazard may not be quite dead in Europe but it has a bad, hacking cough. A new, tougher policy on banking bailouts, made flesh in Cyprus and enunciated by Dutch Finance Minister Jeroen ...Judge Delays Ruling On SAC’s ‘No Admission’ Settlement With SEC, Pending Citigroup Outcome
A judge on Thursday put off a decision on the U.S. Securities and Exchange Commission's proposed $602 million insider trading settlement with a unit of SAC Capital Advisors hedge fund, potentially ...Swiss Re, Berkshire Settle Retro Dispute
Swiss Re announced that the reinsurer has settled a dispute with Berkshire Hathaway over a life retrocession agreement dating back to 2010, with Swiss Re taking back some risks and getting a payment ...
Florida Alleges Fraud by Allianz in Case of Failed Insurer
Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer by taking out more than $20 million in assets and rendering ...AIG Adopts Clawback Policy, Employee Incentive Plans
American International Group, the insurer whose government bailout was marked by controversy over executive salaries, on Wednesday said its board adopted a clawback policy to recover compensation in ...