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Firefighters are still working on containing two of the fires burning in Southern California. In the past five days, more than 42,000 acres have burned, and close to 1,000 properties have been destroy

Metastorm Inc. is reneging on its $86 million initial public offering because of the economic crisis and stock market slump. (EBAY)

Barack Obama said Tuesday that the United States would "engage vigorously" in climate change talks when he is president, and he pledged to work to reduce emissions sharply by 2020, despite the financi

In high seas and heavy rain, the supertanker Kasagisan was steaming through the Malacca Strait in February when it was suddenly surrounded by six small boats. The crew of the vessel, heading from Saud

Mapfre Re announced that it has been authorised to establish a local reinsurer in Brazil, through its new subsidiary MAPFRE RE DO BRASIL Companhia de Reasseguros. The bulletin noted that Bosco Fra

AEGON, the owner of Transamerica Corp., has confirmed that it is currently examining the possibility of acquiring a thrift in the United States. This would potentially allow the company to qualify for

Bermuda-based Flagstone Reinsurance Holdings Limited announced that Tony Latham has joined the Board of Directors. He is a former member of the Group Executive of RSA Group plc [formerly Royal & S

Lloyd's and RAND have issued a new report on transatlantic litigation trends. The spread of what Lloyd's Chairman Lord Peter Levene has called the "compensation culture," is becoming an increasing con

The United States said this week that it has embarked on a new strategy with China to ensure that products imported into the U.S. are safe. Worries about the quality of Chinese exports to the U.S.

The Commonwealth of Massachusetts has extended by at least four months a deadline for businesses to electronically encrypt digital records of their customers' personal information. The new regulat