A West Virginia judge has approved a settlement in a class-action lawsuit filed by residents who say that chemical manufacturer Monsanto burned dioxin wastes, polluting the area with unsafe levels of the chemical. The settlement creates an $84 million fund …
U.K. high street lender Lloyds Banking Group on Friday posted a 2.8 billion pound ($4.4 billion) loss for 2011 after it set aside 3.2 billion pounds ($5 billion) to compensate customers who had been miss-sold payment protection insurance (PPI). The …
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More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and created a …
The White House proposed last Thursday a “privacy bill of rights” that would give consumers more control over their data but relies heavily for now on voluntary commitments by Internet companies like Google Inc. and Facebook. The plan comes amid …
Anyone looking for more evidence of a strengthening U.S. economic recovery need only consider conglomerate Berkshire Hathaway, where businesses ranging from railroads and electric utilities to furniture and candy stores are racking up record profits. Even though Berkshire’s Warren Buffett …
The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week to allow BP Plc to try to cut a deal with tens of thousands of businesses and individuals affected …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Wisconsin-based McMillan-Warner Mutual Insurance Company (MWM). Best explained that the revised outlook reflects …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of” A’ (Excellent) and issuer credit rating of “a” of Bermuda-based PMG Assurance Ltd. Best said the ratings “reflect PMG’s excellent capitalization, its …
Catastrophe claims and write downs on investments in sovereign bonds and banks were behind the profit fall revealed by Allianz, Europe’s biggest insurance group. On Thursday it reported net income of €2.804 billion [$$3.777 billion], missing estimates by almost half …
