U.S.
Travelers to Exit Flood Insurance Write-Your-Own Program
The Travelers Companies said it plans to discontinue its participation as a Write-Your-Own (WYO) company in the National Flood Insurance Program. Travelers is selling its WYO policy renewal rights ...
Nasdaq Shutdown Forces SEC’s White Into Fight With Market Perils
A three-hour shutdown of the Nasdaq Stock Market marks the first test of Securities and Exchange Commission Chairman Mary Jo White's ability to push through stronger technology safeguards for ...Meadowbrook Receives Waiver for Covenants, Will Pay Dividend
Meadowbrook Insurance Group Inc., the insurer that had its rating cut this month by A.M. Best, said it received a waiver from lenders after violating two financial covenants. The waiver is effective ...
Big Malpractice Awards Don’t Increase Medical Costs: Cohen
A jury in one of New York's most conservative counties recently returned a $130 million verdict in a medical-malpractice case, the second-largest in the state's history. Lawyers for the losing ...
AIG to Get $905 Million From Brookfield to End Rate-Swap Dispute
American International Group Inc., the insurer that repaid a U.S. rescue last year, agreed to accept $905 million from Brookfield Asset Management Inc. to resolve a dispute tied to interest-rate ...
Judge to Rule on San Bernardino Bankruptcy, Pensions Loom
The city of San Bernardino is expected to learn on Wednesday if it is eligible for bankruptcy protection despite the opposition of California's powerful public pension system - an important test for ...
Builder Deaths Climb First Time Since 2006
Deaths among U.S. construction workers climbed last year for the first time since before the financial crisis amid a building rebound. On-the-job fatalities in the private construction segment rose 5 ...
Questionable Software Patents Behind Rise in Lawsuits: GAO
Software patents are the biggest reason behind a rise in litigation over inventions, especially against companies that use the technology, the U.S. Government Accountability Office found. Its study, ...