U.S securities brokers would be more closely scrutinized by accountants and be subject to stricter rules for how they handle their customers’ assets under a plan proposed by federal regulators Wednesday. The proposal by the Securities and Exchange Commission is …
Christchurch, New Zealand, still recovering from two previous earthquakes that struck in September 2010 and February 2011, was shaken by a series of strong tremors on Monday afternoon that caused significant new damage to already weakened buildings. According to New …
The Professional Liability Underwriting Society (PLUS) has launched a program, Future PLUS initiative, it hopes will attract and educate the next generation of professional liability insurance specialists. The Future PLUS initiative includes a new membership level for professionals who are …
The Mississippi Supreme Court heard arguments Tuesday on the question of whether a state law that limits non-economic damages in civil cases is constitutional. The lawsuit between Sears, Roebuck & Co. and Lisa Learmonth is pending before the 5th U.S. …
A North Carolina legislative committee has removed from a liability lawsuit measure a provision that would have given broad product protections for pharmaceutical companies. A Senate judiciary panel has deleted language from the House version that would give drug companies …
Tennessee cities and counties that want to make it tougher to discriminate against gays and lesbians face a stumbling block under a new state law, and now some Nashville city councilmembers and others are suing to challenge that law. The …
Federal workplace safety officials are proposing that a Lewiston, Maine roofing contractor be fined $243,000 for alleged safety violations at its work sites. The Occupational Safety and Health Administration announced the proposed fines Friday against Lessard Brothers Construction Inc. OSHA …
A judge granted preliminary approval for Ambac Financial Group Inc., insurers and some banks to pay $33 million to investors to settle litigation accusing the bond insurer of hiding the risks it took on by guaranteeing risky mortgage debt. In …
The Obama administration defended its stepped up enforcement of a U.S. law banning bribery of foreign officials, and warned lawmakers that changes could open loopholes for wrongdoers. “Foreign corruption remains a problem of significant magnitude,” Greg Andres, deputy assistant attorney …
Zurich Financial Services , Switzerland’s biggest insurer, plans to open a reinsurance unit in Brazil, where almost $1 trillion worth of infrastructure projects are boosting demand for risk coverage. Zurich, which had already won limited permission from Brazilian authorities to …
