U.S.
Treasury Takes First Steps to Curb Tax Inversions
The U.S. Treasury Department announced steps that will make it harder for U.S. companies to move their addresses outside the country to reduce their taxes, clamping down on the practice known as ...
Greenberg’s Starr Sues U.S. Over $38M Tax Dispute
Maurice "Hank" Greenberg's Starr International Co. seeks a refund for overpayment of taxes for 2007 in a $38 million lawsuit against the U.S. The Internal Revenue Service has taken no action on ...
Wills Re North America Head Sees Possibilities at NAMIC Conference
As the National Association of Mutual Insurance Companies' annual conference got underway this week, Willis Re North America President James Kent said he was bullish about the possibilities for his ...
Europe Beats U.S. in M&A Insurance Industry Deals: Clyde & Co.
Insurance and reinsurance industry M&A deals have picked up a bit in Europe and elsewhere. But they keep declining in the U.S., continuing to deny it the lead in a space it has typically ...
Moody’s, A.M. Best See a Slowing Surplus Lines Market
Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months, as competition grows and rate hikes slow. Moody's Investors Service said that the U.S. ...
Swiss Re is Pulling Back From Catastrophe Coverage
Swiss Re Ltd., the world's No. 2 reinsurer, is cutting back on catastrophe coverage and moving into new lines of business as low interest rates and fewer natural disasters undercut prices. "The super ...
Insurance to Cover More than 40% of Home Depot Breach Costs
Home Depot Inc. said a data breach between April and September put about 56 million payment cards at risk, signaling that the hacker attack was bigger than the one that struck Target Corp. last year. ...
Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud
The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in ...