The U.S. Supreme Court declined to hear an appeal of a ruling that the Financial Industry Regulatory Authority (FINRA) had immunity from a private lawsuit over the 2007 deal that created the Wall Street regulator. The justices on Tuesday let …
Women who refiled a gender discrimination lawsuit against Walmart Stores Inc. have failed to come to grips with the landmark U.S. Supreme Court decision that ended their nationwide class action against the company, Walmart argued in a court filing. Plaintiffs …
When the phone rings in the Crisis Management Operation Center within Aon Corp.’s headquarters in Chicago, it’s typically not someone calling with good news or to say, “Have a nice day.” Chances are the caller is someone having a bad …
Eight Mississippi educators have surrendered their licenses after being notified that they had violated a state standard against sexual misconduct with students. A ninth educator’s license has been revoked, and 11 more cases are pending, Cindy Coon, director of licensure …
Louisville Metro Government has paid more than $525,000 to settle 23 claims stemming from a train derailment at the Louisville Zoo in 2009. The city has spent another $176,000 in legal fees in defending the lawsuits. The accident sent 22 …
Liberty Mutual Insurance has added a crisis management endorsement to its new commercial lead umbrella policy form to help protect mid-sized companies. The endorsement offers policyholders up to 72 hours to identify a crisis and file a claim to receive …
A.M. Best Co. has withdrawn the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Dah Sing Insurance Company Limited (DSI), due to its business being transferred to Dah Sing Insurance Company (1976) Limited (DSI …
The International Underwriting Association announced a number of new initiatives to enhance and expand its statistics for the London company market in 2012. In 2011 it published a “groundbreaking analysis that comprehensively measured premium income generated by insurance and reinsurance …
Swiss Re’s new report – “Lessons from recent major earthquakes,” focuses on the most recent series of devastating quakes, which have caused extensive loss of life and injuries, along with widespread property damage, over the past two years. The report …
The insurance segment of the XL Group plc has appointed Alvaro Salamanca as CEO of its operation in Mexico, effective immediately. He will report to Bruno Laval, XL’s insurance segment’s Regional Manager for Iberia & Latin America. XL described Salamanca …
