- Willis completes acquisition of France's largest broker
Willis Group Holdings P.L.C. announced Wednesday that it has completed its acquisition of Paris-based broker Gras Savoye & Cie.
- High number of commercial insurance claims expected from U.K. storms
The storms Eva and Desmond that hit the United Kingdom in December, causing widespread flooding in many northern areas, likely will result in insured losses of between £900 million and £1.2 billion ($1.33 billion and $1.78 billion).
- Week in pictures
Earth, wind, fire and water wreak havoc on the Business Insurance week in pictures.
- Facebook must face shareholder class actions over IPO
(Reuters) — A federal judge has certified two shareholder class actions accusing Facebook Inc. of hiding concerns about its growth forecasts prior to the social media company’s May 2012 initial public offering.
- North Texas hardest hit by weekend tornadoes, AIR reports
Catastrophe modeling firm AIR Worldwide reports that the huge storm system that cut a wide swath across the U.S. over the Christmas weekend hit North Texas hardest, with at least nine tornadoes damaging as many as 1,450 structures.
- December floods hit U.K. insurers for up to $2.23 billion
Widespread flooding in the United Kingdom in December likely will result in insured losses of between £1 billion and £1.5 billion ($1.48 billion and $2.23 billion), accountancy firm KPMG L.L.P. said.
- $64 million Wi-Fi patent case against Cisco tossed
(Reuters) — A U.S. appeals court on Monday cleared Cisco Systems Inc. of infringing another company’s Wi-Fi technology, reversing a near $64-million judgment against the networking equipment maker in the long-running patent dispute.
- Agency owner loves his work, backs out of sale
While merger mania was in full swing during 2015, at least one agency owner didn’t take the money and run in December.