U.S.
Delaware Bans ‘Loser Pays’ Fee Shifting in Class Actions
Delaware's governor has signed into law a ban on companies adopting rules that could force investors who bring and lose certain lawsuits to pay the company's legal costs, disappointing business ...
Breaking News: ACE to Acquire Chubb in $28.3 Billion Deal
In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and ...
No Ratings Impact Seen From Proposed Offshore Re Tax Changes: A.M. Best
Tax changes proposed by U.S. lawmakers to prevent offshore tax avoidance by reinsurers will not lead to prompt any rating revisions over the near term, according to a briefing from A.M. Best. Under ...
Hearn Exits Willis to Become CEO at CGSC
A day before Willis Global Holdings announced its merger with Towers Watson, the global insurance and reinsurance broker confirmed that Deputy CEO Steve Hearn would be leaving the company to become ...
Willis and Towers Watson to Merge
Global reinsurance and insurance broker Willis Group Holdings and professional services and analytics firm Towers Watson have agreed to an all-stock merger of equals valued at $18 billion. Upon ...
Expert Calls For Wider Use of Blast Modeling For Possible Terrorist Attacks
While catastrophic event models focus mainly on weather-related events, the world also has to cope with catastrophic terrorist acts, particularly those caused by explosive devices placed in areas ...
GM Directors Escape Investors’ Suit Over Faulty Ignitions
General Motors Co. directors don't have to face investors' allegations that lax supervision allowed the company to make cars with faulty ignition systems blamed for more than 100 people their lives. ...
AIR Worldwide Releases Updated U.S. Hurricane Model
Catastrophe risk modeler AIR Worldwide has updated its U.S. hurricane model with a hydrodynamic storm surge module that integrates storm parameters with high-resolution elevation data to simulate ...