Insurance News
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Euler Hermes SA, a French-German trade-credit insurer, said it may reduce its coverage of exports to Greece because of the risk of the country exiting the euro. A decision is planned before the end of May.
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PacifiCorp, a Portland, Oregon-based utility and part of Warren Buffett’s Berkshire Hathaway Inc., said it must pay $131 million to USA Power LLC after a state court jury in Utah ruled it stole USA Power’s trade secrets.
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Maurice “Hank” Greenberg, the 87- year-old former head of American International Group Inc., plans to seek outside investors to help him fund private-equity deals lasting a decade or more.
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The California Public Employees’ Retirement System, the largest U.S. pension fund, must offer long-term care insurance to same-sex couples and domestic partners, a federal judge ruled.
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