For lawyers preparing to sue over Sunday’s deadly New York commuter rail accident, their success in court may depend largely on two factors: whether human error caused the derailment and if state or federal law governs railroad safety in the …
Anadarko Petroleum Corp. and BP Plc asked an appeals court to throw out a judge’s finding that both companies were liable under the U.S. Clean Water Act for the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier …
A federal appeals court in New York has given developers and builders of high-rises and other buildings added protection from lawsuits over property losses linked to terrorism, in a case stemming from the Sept. 11, 2001 attacks. A divided panel …
Tokio Marine Europe and Kiln, both of which are part of the Tokio Marine Group, announced their intention yesterday to join forces to form a new combined operation as of the first of January 2014, subject to regulatory approval. The …
Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a “cautious” strategy he employs to manage Fairfax Financial’s $23.3 billion portfolio. Indian-born Watsa, 63, often compared to …
Security experts have uncovered a trove of some 2 million stolen passwords to websites including Facebook, Google, Twitter and Yahoo from Internet users across the globe. Researchers with Trustwave’s SpiderLabs said they discovered the credentials while investigating a server in …
Zurich Insurance Group AG, Switzerland’s largest insurer, lowered its profit goal as Chief Executive Officer Martin Senn signaled he’s ready to sell some businesses to bolster earnings growth. Zurich Insurance said it targets return on equity, a measure of profitability, …
Grahame Chilton, who helped build Benfield Group Ltd. before selling it to Aon Plc in 2008, has formed a partnership with Arthur J. Gallagher & Co. to start a reinsurance brokerage. The new business, Capsicum Reinsurance Brokers LLP, will be …
Over the next 12 months, the Obama administration is due to issue regulations governing everything from e-cigarettes to smoke-stack emissions in what experts predict will be a second-term rush to put rules in place before leaving office. “In every administration, …
In 1981, President Ronald Reagan instructed federal agencies that they could issue regulations only after demonstrating that their benefits justified their costs. With modest changes, Reagan’s successors, both Republican and Democratic, have continued to impose this requirement on agencies considering …
