July 22, 2011
Plaintiffs in a huge sex bias class-action case against Wal-Mart Stores Inc. that was struck down by the U.S. Supreme Court will begin to unveil plans Friday for how they will try to resuscitate their lawsuits. Lawyers for the women …
July 22, 2011
MetLife, the largest life insurance company in the United States, has put its banking operations up for sale to avoid the “too big to fail” regulatory scrutiny that analysts have said was likely. MetLife said Thursday it may sell MetLife …
July 22, 2011
One of Sony Corp.’s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this year. The dispute …
July 21, 2011
What makes you better or different than your competition? Ask every agent that question and you’ll get the same answer. I’m not kidding. Don’t believe it? I’ve worked with hundreds of agencies & brokers in North America. The first question …
July 21, 2011
Standard & Poor’s reiterated Thursday it sees a real risk that future U.S. government deficits may meaningfully miss discussed targets and that there is a 50-50 chance the U.S. ‘AAA’ credit rating could be cut within three months, perhaps as …
July 21, 2011
UK insurance broker Willis Limited, a subsidiary of Willis Group Holdings, announced that it has reached a settlement with the Financial Services Authority (FSA) for breaches of the FSA Handbook. Willis explained that the findings principally concern the way it …
July 21, 2011
Aon Risk Solutions, the global risk management and insurance brokerage business of Aon Corp., announced three senior-level appointments for Aon GRIP Solutions in Europe, the Middle East and Africa. Aon GRIP Solutions “provides insurance carriers with analytical insights regarding their …
July 21, 2011
The implementation deadline for the Nonadmitted and Reinsurance Reform Act has arrived. States have been scrambling over the past year to update surplus lines laws that will conform with NRRA requirements, while agents and brokers have tried to prepare for …
July 21, 2011
One of Sony Corp’s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this year. The dispute …
July 21, 2011
Forty-three percent of drivers in Washington State do not know that it is illegal to impede the flow of traffic in the left lane of a highway, according to a survey by Pemco Mutual Insurance Co., Seattle. “Camping out” in …