Four days before a tsunami devastated a Japanese nuclear plant, its operator promised a fuller assessment of the risk of such a disaster — but not for seven months. The disclosure in a three-page briefing paper obtained by The Associated …
The family of a 7-year-old girl who was slain is accusing managers of her apartment complex of failing to properly check the background of a maintenance man who later confessed to killing her. The Atlanta Journal-Constitution reported that Jorelys Rivera’s …
XL Group plc’s Select Professional insurance underwriting unit and Hays Affinity Solutions have teamed up to offer professional liability insurance for dentists nationwide. “This coverage provides dentists with indispensable financial protection to safeguard their livelihoods and keep their careers moving …
Online social networks cannot be forced to block users from downloading songs illegally, as this would push up their costs and infringe privacy, Europe’s highest court said on Thursday, adding to a worldwide debate on internet policing. The Luxembourg-based Court …
Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp.’s mortgage-backed securities liability could drag through the courts for years, a top appeals court judge said during arguments in the case. The 2nd U.S. Court …
Citigroup Inc. has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit. Wednesday’s settlement resolves claims under the federal False Claims Act …
Moody’s warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system. It was reviewing …
European insurers Axa and Zurich Financial suffered on all sides last year as Europe’s debt crisis ate into their sovereign bond holdings, catastrophe claims emptied coffers and the downturn cut demand for life cover. Axa, Europe’s No. 2 insurer, said …
Golf could be called the go-to sport of the insurance industry, so it’s safe to assume that most insurance professionals know what a putter is – a tool for cursing and hurling to the ground after a missed shot, right? …
TD Insurance, a subsidiary of TD Bank, appointed Charles Maleski as vice president, regional group practice leader for employee benefits in the Greater Philadelphia marketplace. Maleski will deliver TD Insurance’s employee benefits insurance services to businesses throughout a region that …
