In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice “Hank” Greenberg is seeking permission to ask New York’s highest court to throw out the accounting fraud case against him. Greenberg, who turns 90 next month, …
Artist Romero Britto is suing Apple Inc. and a design firm in Miami federal court, accusing them of misusing his color-splashed images and distinctive style in marketing campaigns. The lawsuit seeks unspecified damages from Cupertino, California-based Apple and the design …
Firefighters in North Carolina this week took on blazes at three empty homes in the same neighborhood in Fayetteville. Multiple media outlets reported that the first call came in shortly before 5 a.m. Tuesday for fires at two homes in …
Five years after the worst U.S. offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. But critics say energy companies haven’t developed …
The former mayor of Milledgeville has turned himself in to face a dozen charges of insurance fraud. The Macon Telegraph reported that 52-year-old Richard Bentley was booked at Baldwin County Jail on Monday. Officers said Bentley is under arrest for …
Former American International Group Inc. Chairman Maurice “Hank” Greenberg claims the U.S. bailout of the company cheated shareholders out of at least $25 billion. On Wednesday, the judge presiding over his lawsuit will hear final arguments in the long-running case. …
The Insurance Council of Australia (ICA) this morning declared a catastrophe for storm-affected parts of New South Wales [NSW], in particular the Central Coast, Hunter, Greater Sydney Metropolitan and Illawarra regions. The ICA said that “as of 7am insurance companies …
ACE Limited reported net income for the quarter ended March 31, 2015, of $681 million, or $2.05 per share, compared with $734 million or $2.14 per share in Q1 2014. Operating income was $745 million, or $2.25 per share, compared …
The Qatar Insurance Company (QIC) posted strong growth in the first quarter of 2014 with gross written premiums rising 28 percent to $527 million, comparted to $412 million in Q1 2013. Net income for the period, however, declined by 12 …
Willis Group Holdings plc has unveiled a new suite of analytical tools to help firms proactively manage risks. “These proprietary models will deliver innovative analytical capabilities for diagnosing Natural Catastrophe risk, Cyber risk, Directors & Officers Liability risk and Casualty-related …
