Legal

Chinese conglomerate Fosun has said it intends to spend $3.2bn on technology in the next three years after an active 2017 for overseas dealmaking, the company's CEO told the Financial Times.

Anbang founder and former chairman Wu Xiaohui made a plea for leniency at the end of a high-profile, one-day trial in Shanghai for alleged economic crime, according to Reuters.

Anbang Insurance Group founder Wu Xiaohui contested charges of embezzlement and fraud as his trial began in a Shanghai court today.

The Prudential Regulation Authority (PRA) has eased post-Brexit requirements for European Economic Area (EEA) carriers operating in the UK, in a lobbying victory for the insurance industry.

A California judge has ruled the state’s insurance commissioner overstepped his authority in setting State Farm's homeowners’ and renters’ insurance rates.

Maurice “Hank” Greenberg and his Starr International lost a challenge against the federal government’s actions involving a massive bailout of AIG during the financial crisis, as the US Supreme Court refused to take up the matter.

Lawyers for disgraced US movie producer Harvey Weinstein have filed papers to move a lawsuit brought by the Hollywood mogul's personal indemnity insurers to a federal court in New York.

The value of securities class action settlements fell by 76 percent to nearly $1.5bn in 2017, the second-lowest level in the past decade, according to Cornerstone Research.

Lawmakers in Tallahassee have once again failed to tackle the assignment of benefits (AOB) crisis that reform advocates say is rapidly pushing up insurance rates and dragging down the Florida economy.

XL Catlin will proceed with plans to move its European and Asian insurance headquarters to Dublin from London in order to retain European Economic Area (EEA) passporting rights after the UK leaves the bloc.

Access Insurance tried to avoid liquidation by finding additional capital but failed, the South Carolina insurance regulator has confirmed

Access General's California operation faces a cease and desist order from state Insurance Commissioner Dave Jones, who says the non-standard auto specialist has failed to maintain its required capital base and could be taken under state control.