The Delaware Supreme Court affirmed last Wednesday a lower court ruling that ordered Wal-Mart Stores Inc. to provide a shareholder with documents related to the company’s internal probe of allegations the retailer had paid bribes in Mexico. Wal-Mart had appealed …
The terrorist threat against the U.S. remains dangerous 10 years after the 9/11 Commission issued its first report — only now the risk is greater online. In a report issued last week, panel members who studied the 2001 attacks urged …
Florida homeowners’ insurer Federated National Holding Co. and the Canadian bank and investment manager C.A. Bancorp Inc. have agreed to form a new Florida-based homeowners insurance carrier to be named Monarch National Insurance Co. Both FNHC and C.A. Bancorp are …
A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL) (China). Best also affirmed the ICR of “a” of Society of Lloyd’s …
State Bank of India, the country’s largest lender, is considering share sales in its insurance and asset-management units to meet tighter capital requirements. “We are in talks with our joint-venture partners regarding the listing of the insurance units,” Chairman Arundhati …
Aon Plc, the world’s second-largest insurance broker by market value, fell the most since 2012 after revenue missed estimates as reinsurance sales declined. Aon slipped $4.65, or 5.1 percent, to $86.32 at 4:03 p.m. in New York, the biggest decline …
The probability of a solar storm striking Earth in the next decade with enough force to do serious damage to electricity networks could be as high as 12 percent, according to solar scientists. One such storm erupted from the surface …
Insurance agent, insurance carrier and real estate lobbyists praised federal regulators in charge of the National Flood Insurance Program (NFIP) last week on Capitol Hill, agreeing that the process of issuing flood insurance premium refunds and restoring premium subsidies is …
The North Carolina House last week rejected a bill requiring insurance for moped drivers. The House voted 51-54 against concurring on a Senate version of a bill that would have required insurance and registration with the state. The insurance requirement …
New York State officials announced today rideshare firm Lyft has agreed to operate in New York City in full compliance with existing laws and regulations. The announcement comes two weeks after the state’s attorney general’s office and the state’s Department …
