A wrongful death lawsuit has been filed against the organizer of a championship offshore powerboat race in Key West, where three racers died in 2011. The uncle of Jeffrey Tillman filed the lawsuit last week in Broward County Circuit Court. …
The Senate voted Tuesday to advance a bill designed to tighten government oversight of pharmacies that custom-mix prescription drugs, in the wake of last year’s deadly meningitis outbreak tied to contaminated pain injections. The bill cleared a parliamentary hurdle on …
The amount of insurance-linked securities outstanding may reach $150 billion by the end of 2018 as institutional investors including pension funds search for yield, Bank of New York Mellon Corp. said in a report. Of the total insurance-linked securities market, …
The settlement of a New Jersey housing-bias lawsuit scuttles a U.S. Supreme Court showdown that might have shielded lenders from discrimination suits pressed by the Obama administration. The Supreme Court had been set to hear arguments next month in the …
Honeywell International Inc., whose political action committee donates more money than any other corporate PAC, and the U.S. Chamber of Commerce, which spends more to lobby Congress than anyone else, saw long-sought legislation on asbestos claims advance in Congress today. …
Almost 1 million people who applied for health care on the government insurance exchanges last month left without choosing a plan, a pipeline of potential customers the Obama administration must persuade to return. While 106,185 people enrolled, 10 times as …
Wholesale insurance and reinsurance broker Cooper Gay Swett & Crawford (CGSC) has appointed Carlos Reis as commercial director of CGSC Holdings Brasil. Based in Brazil and reporting to Fabio Basilone, CEO of CGSC Holdings Brasil, Reis will work as part …
Fairholme Capital Management has proposed to buy the insurance businesses of Fannie Mae and Freddie Mac, a move that seeks to resolve the uncertain future of the mortgage financiers by freeing them from U.S. government control. Bruce Berkowitz’s Fairholme said …
European insurers breathed a sigh of relief on Thursday that a deal on new capital requirements was less burdensome than initially feared, ending an uncertainty which has been hanging over the sector for many years. Lawmakers from the European Parliament …
Canadian insurance companies including Manulife Financial Corp. and Sun Life Financial Inc. will have three more years to comply with new regulations from the Office of the Superintendent of Financial Institutions. OSFI said it will complete its review of the …
