The Supreme Court indicated this week it could prohibit foreign investors from using U.S. securities law and American courts to sue a foreign bank for fraud. The court heard argument in a challenge from Australian investors who want to sue …
South Korea has sent a destroyer to intercept a supertanker carrying as much as $170 million worth of crude oil that was seized by Somali pirates, officials said on Monday. The South Korean-operated, Singapore-owned Samho Dream, which can carry more …
The incidence of corporate fraud, particularly financial statement fraud, is rising in India, largely due to pressure to meet earnings targets and weak internal control systems, a survey by consultancy KPMG showed. More than 60 percent of respondents said meeting …
The former head of the American International Group division that nearly bankrupted the giant insurer isn’t out of the woods yet. Joseph Cassano, who ran London-based AIG Financial Products and oversaw its disastrous accumulation of credit default swaps, looks likely …
An explosion ripped through a West Virginia coal mine owned by Massey Energy, killing at least 25 miners in the deadliest U.S. mining disaster since 1984. Governor Joe Manchin said Tuesday morning that four miners remained missing deep underground and …
The Board of Directors of Brown & Brown Inc. has elected C. Roy Bridges regional president responsible for most of the company’s retail operations in the western United States. He will continue to have regional oversight responsibility for certain offices …
Pennsylvania-based insurance agency franchisor Keystone Insurers Group has more than 200 agency owner-partners and it’s not done yet, says Colin Buzzard, Keystone’s executive vice president of sales and marketing. Currently, Keystone has agency partners in Pennsylvania, North Carolina, Virginia, Indiana …
Washington, D.C.-based Clements International, which specializes in providing insurance solutions for U.S. expatriates and international organizations, announced four promotions. Dan Tuman, former vice president of commercial insurance, is now vice president of insurance sales. He joined Clements International in 2000 …
A new federal regulation will require trucking companies that repeatedly violate driver time limits to install electronic recorders that track how long drivers are at the wheel. But the recorders will only be required for trucking companies found deficient during …
The Wyoming Highway Patrol says the number of people who died on the state’s highways decreased in 2009. The Highway Patrol said there where 116 fatal crashes in 2009, compared to 140 in 2008. A total of 134 people died …
