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Monday, June 03, 2013

Three Storm Chasers Killed in Latest Oklahoma Storms

Oklahoma tornadoA group of men who devoted their lives to hunting powerful storms died in the middle of the chase.

Tim Samaras, his son Paul Samaras and Carl Young were killed Friday while following a tornado in El Reno, Oklahoma, relatives told CNN on Sunday. Their work tracking tornadoes was featured on the former ...

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U.S. and China Agree to Hold Regular Talks on Hacking

US-China cyber securityThe United States and China have agreed to hold regular, high-level talks on how to set standards of behavior for cybersecurity and commercial espionage, the first diplomatic effort to defuse the ...

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RAA Reports U.S. Reinsurers Posted 18% Growth in First-Quarter Net Premiums

Reinsurance profitsA group of 19 U.S. property/casualty reinsurers posted a combined first quarter net written premiums of $9.1 billion, up 18% from the same quarter a year earlier, according to a survey of the reinsurers statutory underwriting results by the Reinsurance Association of America.

All but five

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AIG Drops Lawsuit Against New York Fed Over Financial Bailout

AIG lawsuit against Fed GovAmerican International Group Inc. has agreed to dismiss its lawsuit against the Federal Reserve Bank of New York related to the financial bailout the company received during the 2008 financial crisis.

AIG agreed to dismiss its lawsuit without prejudice in a May 28 filing with the U.S. Distric...

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AIR Worldwide Updates Estimates of Insured Value of U.S. Coastal Properties, Now Exceeds $10 Trillion

Air Worlwide and coastal propertiesCatastrophe modeling firm AIR Worldwide has released an update to its "The Coastline at Risk" report. The update presents and discusses AIR's most recent estimates of the insured value of residential and commercial properties in states along the Eastern Seaboard and Gulf Coast of the ...

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XL Specialty Pays $19 Million in Dewey & LeBoeuf Mismanagement Settlement

XL payment in Dewey & LeBoef suitXL Specialty Insurance Co. will pay $19 million as part of a settlement agreement to resolve mismanagement claims stemming from the bankruptcy of Dewey & LeBoeuf, according to federal court...

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FSOC Nears Vote on Naming Systemically Risky Nonbanks

FSOCThe Financial Stability Oversight Council is close to identifying several nonbank financial companies as systemically risky after spending years ironing out how it would undertake the first-time effort.

The council, headed by Treasury Secretary Jacob Lew, will meet on Monday in closed session with 15 m...

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AIG Fights BofA Mortgage Settlement

BofA-AIG suitBank of America Corp.'s fight for approval of an $8.5 billion settlement with investors over soured mortgage securities has one giant hurdle in its path: American International Group Inc. (AIG).

A hearing in New York State Court kicks off on Monday in which a judge will decide whether to approve the 2...

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