News
Japan’s Clean-Up from 2011 Tsunami, Nuclear Accident Lagging
Two years after the triple calamities of earthquake, tsunami and nuclear disaster ravaged Japan's northeastern Pacific coast, debris containing asbestos, lead, PCBs—and perhaps most ...
AIG Shareholders Win Class-Action Status In Greenberg’s Suit Against U.S.
Two groups of American International Group Inc. shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice "Hank" Greenberg over ...Wisc. Med Mal Fund Okay: Audit Bureau
A new report says Wisconsin's medical malpractice insurance fund is rebounding from a massive transfer and the economic downturn. The Legislative Audit Bureau released a study Friday that found the ...SEC Charges Illinois With Securities Fraud For Misleading Muni-Bond Investors About Pension Woes
On Monday, the Securities and Exchange Commission charged the State of Illinois with securities fraud for misleading municipal bond investors about the state's approach to funding its pension ...Commercial Insurance Prices Up 7% in Q4 2012: Towers Watson
Commercial insurance prices rose by almost seven percent in aggregate during the fourth quarter of 2012, marking the eighth consecutive quarter of price increases and the fourth showing increases ...Industry Mourns Passing Of Former White Mountains’ Chair John J. Byrne
On March 9, Bloomberg reported the passing of John "Jack" Byrne, the former chair of White Mountains Insurance Group, who is best known for turning around GEICO from near bankruptcy in the mid-1970s ...Capital Growth Outpaces P/C Premiums In 2012: Moody’s
In a report on 2012 financial results for the property/casualty industry published on Friday, Moody's Investor's Service revealed that industry capital growth outpaced premium growth last year, and ...Wynn Column: Geoengineering Climate Fixes Need Cautious Consideration
Recent extreme heat waves reinforce concerns that the slow pace of action against climate change is inadequate, raising interest in new fixes called geoengineering, but this warrants caution. ...