Winter storms and record-breaking cold will descend on the central and southern US this week, snarling transportation and putting the vulnerable Texas power grid to yet another test. Temperatures are forecast to drop to 15F (-9C) in Dallas Wednesday night, …
Record-Breaking Cold to Slam Central US and Test Texas Grid Read More »
New policies from the top U.S. securities regulator hand corporate boards more power over investors in ways that could curtail investor-initiated reform efforts on everything from climate policy to director contests, experts say. Since last month when U.S. President Donald …
Trump’s SEC Leader Shifts Power From Investors to Boardrooms Read More »
The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one, according to two sources familiar with the agency’s …
Federal Mortgage Insurer to Lay Off About Half Its Workforce Read More »
Mastercard Inc. unfairly reduced a £10 billion ($12.6 billion) class action case to a settlement of just £200 million, according to the firm that funded the lawsuit. The credit-card company “skillfully maneuvered” claimant Walter Merricks and his lawyers by offering …
Mastercard’s £200 Million Settlement in Class Action Suit Gets Court Scrutiny Read More »
Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600 million. Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the …
Farmers Estimates $600M in Losses from LA Wildfires Read More »
With heavy snow and ice on the way, North Carolina’s governor on Tuesday issued an emergency declaration, waiving weight and registration checks for some trucks and hourly limits on drivers delivering essential items. The waivers could potentially play a role …
NC Governor Waives Weight Limits, Truck Driver Hourly Limits as Winter Storm Hits Read More »
CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies. Initially available for CFC’s cyber products, US brokers can now bulk quote their entire book …
The family of a Connecticut man killed in the January 29 collision of an American Airlines plane with a military Black Hawk helicopter over the Potomac River has filed a $250 million claim against the government. A Chicago law firm, …
Family of Man Killed in Copter-Plane Midair Collision Files $250 Million Claim Read More »
Howden, the London-based global insurance intermediary group, announced the acquisition of aviation specialists Forbes Insurance Ltd., and the acquisition of the book of business from Hill Aviation Insurance Services Ltd. Financial details of the acquisitions were not disclosed. Forbes Insurance …
Howden Acquires Forbes Insurance and Hill Aviation in UK Read More »
While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his company. Speaking during an earnings conference call on Feb. 10, after reporting $3.5 billion …
Casualty Reinsurance Still Attractive: Arch Capital CEO Read More »
