The Alabama Supreme Court has tossed out a $37 million judgment against a Jefferson County nightclub. The court ruled 9-0 Friday that there was not a sufficient effort to notify the nightclub owner of the litigation before a court awarded …
Company Doe is a secret no more. Ergobaby, a company that makes and sells baby carriers, acknowledged last Thursday it is the firm known as “Company Doe” in a lawsuit against the Consumer Product Safety Commission. The company sued over …
Restaurants and storefronts are buzzing again in West Virginia’s capital city of Charleston, but many still haven’t filled a financial hole after chemicals sullied their running water and forced them to close several days in January. “I don’t foresee ever …
Aspen US Insurance has appointed Roxanne Mitchell as executive vice president and chief casualty officer. She will report to Bob Rheel, executive vice president and head of U.S. Property Casualty. Mitchell has a 35-year industry career, with nearly 20 years …
Delaware’s Supreme Court has ruled that corporations can adopt bylaws requiring an investor who sues and loses to pay the company’s legal costs, potentially upending the economics of a booming type of shareholder litigation. Thursday’s ruling in the little-noticed case …
A Swiss asset management firm, Swisspartners Group, agreed to pay $4.4 million to the United States to settle a probe into whether it helped U.S. taxpayers evade their federal income taxes, the U.S. Department of Justice announced on Friday. From …
Computer technology has revolutionized the collection and use of massive amounts of data, and yet, somewhat ironically, it’s frequently harder to find what one actually needs. Aphorisms abound – “big data; the devil’s in the details; garbage in garbage out.” …
A.M. Best has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb+” of UK-based InterGlobal Insurance Company Limited, and has removed the ratings from under review with positive implications and …
A group of Republican lawmakers demanded documents on Friday from U.S. regulators, voicing concerns that decisions about whether to designate large financial companies as systemically risky are unduly influenced by an international body. Senior members of the U.S. House of …
A.M. Best has downgraded the financial strength ratings (FSR) to ‘C++’ (Marginal) from ‘B’ (Fair) and issuer credit ratings (ICR) to “b” from “bb” of the pooled and reinsured members of the Tower US Pool and Bermuda-based CastlePoint Reinsurance Company, …
