Fueled by robust investment returns and higher interest rates that reduced the value of liabilities, funding levels of pension plans sponsored by large publicly held U.S. employers rose in November, climbing to just under 94%, Milliman Inc.
Starr International Co. Inc. has named Eleanor Kitzman as vice president of Starr Insurance Holdings Inc.
(Reuters) — Merck & Co. has agreed to settle hundreds of lawsuits over jaw injuries allegedly caused by the osteoporosis drug Fosamax, lawyers disclosed at a court hearing Monday.
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Merck agrees to settle litigation over Fosamax jaw injuries
The condemnation and destruction of almost 6,000 buildings by a Louisiana parish after Hurricane Katrina was a single occurrence under Lexington Insurance Co.’
Reinsurance brokerage Guy Carpenter & Co. L.L.C
The rate of increase for commercial insurance prices fell slightly to 5% in the third quarter of 2013, according to Towers Watson & Co.’s most recent Commercial Lines Insurance Pricing Survey.
(Reuters) — The U.S. Supreme Court on Monday left intact a $142 million jury verdict against Pfizer Inc. over the company’s marketing of the epilepsy drug Neurontin.
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US high court leaves intact $142 million verdict against Pfizer
More closed corporate defined benefit plans may have been frozen this year because the IRS has not released guidance on how employers could avoid failing non-discrimination testing in closed plans.
U.S. Bankruptcy Court Judge Steven W. Rhodes last week accepted the city’s petition enabling it to seek protection under Chapter 9 of the U.S.
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Detroit ruling reverberates with pension funds around country
(Reuters) — Australia’s QBE Insurance Group Ltd.