U.S.
‘Neutral-to-Challenging’ Market Ahead: Endurance CEO Charman
Even though Endurance Specialty Holdings will operate in a "neutral-to-challenging" insurance market over the next few years, the refocused organization will be able to compete on "relevance" rather ...
FTI Consulting Bolsters Global Insurance Practice
FTI Consulting, Inc., a global business advisory firm, announced the expansion of its global insurance practice through the addition of 41 professionals, including two senior managing directors and ...
Force-Placed Insurance Curbed by Regulator of Fannie, Freddie
Servicers of mortgages backed by Fannie Mae and Freddie Mac can no longer place insurance on homes and then accept compensation from the insurers providing the policies, the U.S. Federal Housing ...
Material Asbestos Losses to Continue Unabated: AM Best
Industry losses from asbestos and environmental claims grew 12 percent in 2012, after a 31 percent decline in 2011, A.M. Best reported Monday. Although a special report by the Oldwick, N.J.-based ...
Morgan Stanley Says AIG May Sue Over Mortgage Investments
Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed securities that the insurer bought before the financial crisis. ...
Carl Icahn Says No Better Time to Be an Activist Investor
Carl Icahn's publicly traded investment vehicle, Icahn Enterprises L.P., reported strong third-quarter results on Monday and the billionaire said now is the best time ever to be an activist investor. ...
U.S. Supreme Court Weighs In on Wage-and-Hour Case over Paid Time for Donning & Doffing Gear
Steel workers who do their jobs wearing flame-retardant gear tried to convince the U.S. Supreme Court on Monday that they should be paid for the time they spend "donning and doffing" such items ...
PLUS Told World Needs Insurance Industry to be ‘Bold’ and ‘Sexy’ Now
It's time for the insurance industry to be "bold" and "sexy" in creating new insurance products and services to help the world deal with extreme risks that are becoming more common, according to a ...