- AIG, Coventry First settle lawsuit over 'life settlements'
(Reuters) — American International Group Inc. on Monday said it has reached a settlement resolving a $2 billion lawsuit accusing a Philadelphia-area firm overcharging it for life insurance policies acquired from elderly people.
- News Corp. faces U.S. trial over monopoly of in-store ads
(Reuters) — News Corp. went to trial on Monday in a class action lawsuit that accuses the company of monopolizing the market for in-store promotions at some 52,500 retail stores across the United States.
- Oklahoma comp commission rules opt-out law unconstitutional
Oklahoma’s Employee Injury Benefit Act is unconstitutional, Oklahoma Workers’ Compensation Commission has unanimously ruled.
- XL Catlin to redomesticate to Bermuda
XL Group P.L.C. on Monday said it intends to change the location of its incorporation to Bermuda from Dublin.
- Hiscox profit falls in 2015
Hiscox Ltd. saw pretax profit dip 6.5% in 2015 to £216.1 million ($299.8 million) compared with 2014.
- Supreme Court rejects union challenge to New Jersey pension reforms
(Reuters) — The U.S. Supreme Court on Monday rejected a bid to force the state to pay the full share of its annual public pension contribution.
- IBM to purchase leading cyber security firm
(Reuters) — IBM Security plans to acquire private cyber security firm Resilient Systems Inc., the computing giant said Monday.
- Employees pack heat at aviation insurance agency
Employees of a Georgia aviation insurance company are now required to remain locked and loaded at work — a policy that the owner feels is right on target.
- Consultant takes reins of national health care coalition
Michael Thompson has been named president and CEO of the National Business Coalition on Health.