A former hedge-fund trader told jurors at the insider-trading trial of ex-Procter & Gamble director Rajat Gupta that he bet the company's stock would fall based on inside information purportedly from a P&G board member.
Willis North America, a unit of Willis Group Holdings, has published its Directors and Officers Liability (D&O) Insurance Dictionary, offering firms an overview of terms that are likely to be used in describing their D&O insurance and liability...
The Texas Department of Insurance (TDI) has expanded its fight against insurance fraud into San Antonio. TDI Commissioner Eleanor Kitzman has announced the placement of a special insurance fraud prosecutor and investigator who have joined the...
Miller Insurance Services LLP, a specialist insurance and reinsurance broker, operating internationally and at Lloyd’s, has hired Warren Dann to develop Miller’s sector targeting strategy. He will work to grow the company’s portfolio of...
States participating in the Non-admitted Insurance Multi-state Agreement, or NIMA, have adopted a premium allocation method for distributing surplus lines premium taxes on casualty insurance. The adopted method aims to streamlines the allocation...
Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment."
A federal appeals court has upheld the 37-month sentence handed to a Mississippi man convicted of defrauding a Memphis insurance company. The Commercial Appeals reported that a three-judge panel of the 6th U.S. Circuit Court of Appeals in Memphis...
The Senate agreed yesterday in a unanimous consent to extend the National Flood Insurance Program (NFIP) for 60-days past its current expiration date of May 31. Last week, the U.S. House of Representatives voted 402 to 18 on a separate …
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