News
Tower Group Reports Fourth-Quarter Loss
More than $80 million of after-tax net losses from Superstorm Sandy drove bottom-line red ink at New York-based Tower Group, Inc., which reported a net loss of $52.1 million, or $1.36 per share, for ...
U.S., Japan Agree On Approach To Trans-Pacific Partnership Talks
The United States and Japan on Friday agreed on language aimed at giving Japanese Prime Minister Shinzo Abe political cover to bring the world's third-largest economy into negotiations on a U.S.-led ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
D&O Insurance Market In State Of Transition: Marsh
Global broker Marsh reported that the directors and officers liability insurance is in "a state of transition" at the start of 2013. With overall program rates "generally flat to up slightly," and ...No Plans To Move Illinois Headquarters: State Farm
State Farm Insurance Co. says it isn't moving its headquarters from Bloomington, despite recent media reports that the Illinois-based company is adding major office space in Dallas, Atlanta and ...Analysis: Winning Hacker Battle Nearly Impossible Everywhere
Dire warnings from Washington about a "cyber Pearl Harbor" envision a single surprise strike from a formidable enemy that could destroy power plants nationwide, disable the financial system or ...
U.S. CEOs Back More Oil & Gas Drilling
Top U.S. executives on Monday urged federal officials to open more land to oil, gas and coal interests and approve the Keystone XL oil sands pipeline, but avoided taking a stand on more divisive ...
California School District Sued Over Yoga Program
An attorney representing a family bent out of shape over a public school yoga program in the beach city of Encinitas filed a lawsuit last Wednesday to stop the district-wide classes. In the lawsuit ...IASB, FASB Fail To Agree On Bank Loan Loss Rules; Insurers Press For Time
Investors will have to grapple with two sets of rules for how banks recognize losses on loans after the world's two main accounting regulators failed to agree a common approach. At the height of the ...