U.S.
Marsh Brokers Specialty Insurance for Class-Action Lawsuit Settlements
Marsh is now selling specialty insurance designed to help companies address the cost of class-action lawsuit settlements. Class Action Managing General Agency created the coverage, which is known ...
P/C Lobbyists Come Out Swinging Against International Capital Standards
Trade groups representing the property/casualty industry are fighting back against a push to apply global capital requirements to large U.S. insurers who have significant international operations. ...
Report: Feds Won’t Call Ex-AIG CEO Greenberg to Testify in Bailout Trial
It looks like the U.S. government won't be calling ex-AIG CEO Maurice "Hank" Greenberg to testify in his $25 billion-plus lawsuit over federal bailout funds the insurance giant was forced to take ...
FHA Mortgage Insurance Fund Erases Shortfall
A U.S. government agency that guarantees millions of mortgages has built up $6.1 billion in capital over the last year, erasing a shortfall experienced in 2013, when its reserves were so low that it ...
Small Majority of Americans See Work/Life Balance as Attainable: Poll
A majority of the American public believes that most people can find a way to balance the demands of work, family and contributions to community, according to the 21st Allstate/National Journal ...
Air Bag Accident Victims Unable to Access Details of Other Settlements
Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims. The accords make financial sense for the ...
Aquiline Grabs Piece of Reinsurance Intermediary Beach & Associates
Beach & Associates, an independent specialty reinsurance intermediary, has a new majority investor: Aquiline Capital Partners. The New York-based private equity firm disclosed it snatched up a ...
Monsanto Resolves GMO Wheat-Related Farmer Lawsuits
Monsanto Co. said on Wednesday it reached a settlement with U.S. wheat farmers who sued the seed company over market disruption after unapproved genetically engineered wheat was discovered growing ...