Barings and Sumitomo, where a lack of management oversight allowed traders Nicholas Leeson to bankrupt the first and Yasuo Hamanaka to hide $2.6 billion in copper futures losses at the second, are

A federal appeals court panel in New Orleans last week rejected a lower court's ruling that permitted a Mississippi couple to pursue a Hurricane Katrina homeowners claim even when policy-excluded

Like the proverbial skunk at a garden party, I spoiled a perfectly civil panel discussion among three mega-brokers on "leveraging innovation as a market differentiator" ...

The insurer said the figure represents the estimated losses both from claims received through Tuesday and future expected claims. The estimated effect on fourth-quarter net income is $23 million after