Plaintiffs filed 166 new federal securities class actions in 2013, a nine percent increase over 2012, however, the 2013 total is still 13 percent below the average from 1997 to 2012 despite being boosted by a second-half surge. The slump …
The Obama Administration has problems with the Senate bill that would delay flood insurance premium increases and create an agent licensing registry. The bill, S.1926, was cleared for debate on a procedural vote, 86-13, Monday evening. It has more than …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Barbados-based Ocean International Reinsurance Company Limited, both with stable outlooks. Best said its ratings for Ocean Re are “based on …
London-based Lloyd’s specialist underwriter Marketform announced that it has “secured the consultancy services of experienced marine practitioner Howard Franks who will work with cargo underwriter Nicholas Edwards to develop the cargo line’s growth opportunities. He has 39 years of Lloyd’s …
Xchanging plc, the business process, procurement and technology services provider, announced an expansion of its presence in Singapore, with the opening of a second office “in the heart of the city’s thriving insurance hub. Located in Tower 2, Asia Square, …
Aon’s London office announced that its risk management and human resources solutions units have “continued as a Champion of Data Privacy Day (DPD) according to the National Cyber Security Alliance.” As a DPD Champion, Aon said it “recognizes and supports …
Since a law was enacted in July 2013 requiring roofing contractors to obtain a registration certificate from the Kansas Attorney General’s office, more than 500 roofers have complied. Kansas Attorney General Derek Schmidt said that more than 500 roofing contractors …
The oil drilling technique known as hydraulic fracturing, or fracking, has been blamed – rightly or wrongly – for various hazards ranging from earthquakes to water pollution. While the technique has generated a lot of media attention, so far there …
Officials say Williams Olefins is contesting six workplace safety violations and $99,000 in civil penalties federal regulators proposed for a fatal explosion June 13 at the company’s Ascension Parish, La., plant. The blast at Williams’ Geismar ethylene and propylene facility …
Michaels Stores says it is investigating a possible company data security breach that may have affected its customers’ payment card information. The Irving, Texas, company said it launched the probe after learning of possible fraudulent activity on some U.S. payment …
