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According to the announcement, under the agreement, TIG will pay Silverstein and the Port Authority $12,535,000 toward the rebuilding of the World Trade Center, which is in addition to a prior payment

The Bermuda-based reinsurer will use the net proceeds from the sale to pay a cash distribution to the parent White Mountains, which in turn will use the majority of this distribution to repay its outs

At the spring meeting of the National Association of Insurance Commissioners in New York this week, the Financial Condition Committee sent a disaster reporting framework proposal back for some retooli

In a friend-of-court brief they and other business groups argue that courts should not allow a "handful of experts" espousing "speculative opinions" to expand the scope of those who win money damages

In a friend-of-court brief they and other business groups argue that courts should not allow a "handful of experts" espousing "speculative opinions" to expand the scope of those who win money damages

Willis Group Holdings Limited said the brokerage plans to purchase approximately 1.25 million shares of its common stock from Keefe, Bruyette & Woods using an accelerated repurchase program for an ini