World leaders should make early efforts to conclude the Doha round of global trade talks as a key part of fighting the economic crisis, the head of the World Trade Organization (WTO) said on Friday. In an interview with Reuters …
Where President George W. Bush was known for his “cowboy diplomacy,” his successor, President Barack Obama wants to be known as a listener and a builder of bridges. Taking his first major foreign trip since becoming president in January, Obama …
Max Capital Group’s deal to merge with rival IPC Holdings offers shareholders a better long-term deal than an unsolicited offer from Validus Holdings, Chief Executive Marston Becker said Thursday. Max’s deal is richer on a book-value basis, even though Validus’ …
World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. U.S. President Barack Obama declared it a “turning point” …
Firefighters have battled another blaze in an Orangeburg County, South Carolina neighborhood where authorities say 27 fires have been reported within a mile of each other in the past six months. All of the fires have been in vacant homes …
A Senate committee searching for ways to improve Florida’s shaky property insurance situation and lower the state’s risk recommended borrowing money from the state retirement system to obtain some short-term relief. The proposal debated in the Senate Banking and Insurance …
The former chief financial officer at a unit of Berkshire Hathaway Inc. was sentenced to 18 months in prison Thursday for her role in a scheme to manipulate American International Group Inc.’s financial statements. Elizabeth Monrad, who was finance chief …
Two congressional leaders introduced legislation today that would create a federal regulator for insurance as an alternative to the current state-based regulatory structure currently in plan. Rep. Melissa Bean, D-Ill., and Rep. Ed Royce, R-Calif., introduced their bipartisan insurance regulation …
Atlanta-based Swett & Crawford, a provider of specialty employment practices liability coverage, and the California Chamber of Commerce (CalChamber), announced the availability of an enhanced EPL insurance policy that focuses on prevention of claims. EPL+ is a California-specific program that …
Maurice “Hank” Greenberg, former CEO of American International Group Inc. and creator of the AIG unit whose investments triggered the insurance giants’s near collapse, portrayed himself as a victim in testimony before a congressional panel Thursday. Some lawmakers questioned his …
