The U.S. government agreed to a mine clean-up deal that allows coal producer Alpha Natural Resources to exit bankruptcy, despite concerns that Alpha will be unable to fund $400 million in commitments, a government lawyer told a court on Thursday. …
The U.S. Department of Justice has significant concerns about Aetna Inc’s proposed acquisition of health insurer Humana Inc., a source familiar with the situation said on Thursday, sending shares of Humana down as much as 11 percent. Aetna’s purchase of …
More than 500,000 hoverboards are being recalled after dozens of reports of fires and spewing smoke. There have been 99 reports to the Consumer Product Safety Commission of battery packs that have overheated, exploded or caught fire, the U.S. regulator …
The family of a 17-year-old Maine girl who was killed in a Halloween-themed hayride accident is suing the owner of the farm where the crash occurred. The lawsuit against Harvest Hill Farms owner Peter Buldoc follows the October 2014 death …
Adults who host underage drinking parties can be held civilly liable for injuries caused by a drunken guest, Maryland’s highest court ruled unanimously this week in what one lawyer calls a landmark decision. The Court of Appeals ruled in two …
Major floods across the globe during June – topped by events in China and the U.S. – are expected to bring economic costs in excess of US$5.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Seasonal “Mei-Yu” …
Cooper Gay* the London-based reinsurance, wholesale and specialty broker, announced the appointment of Kieran Angelini-Hurll as CEO of its reinsurance division. He takes up his new role on Sept. 1 and will report to Steve Hearn, group CEO. Angelini-Hurll brings …
The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign banks and insurers. UK banks and building societies had around …
Marsh has appointed Jeremy Cooke as vice chairman of Global Placement, effective immediately. Based in London, Cooke will report to Dean Klisura, global head of Industry Specialties and Placement. In his new role, Cooke will focus on critical growth areas …
The wildfires that tore across the oil-producing region of Canada this year will cost insurers about C$3.58 billion ($2.8 billion) in claims, the most costly insured natural disaster in the country’s history, an industry group said. The fires led to …
