Dewey Case Ends with Hung Jury; Top Execs Avoid Jail

Three former top executives of Dewey & LeBoeuf LLP avoided potential prison terms after a Manhattan jury failed to agree on whether they lied to investors in the run-up to the largest law-firm bankruptcy in history. The mistrial followed weeks … Source: Insurance News

Obama Administration Considers Drone Registry

The Obama administration is taking the first steps to require that buyers of drones register the unmanned aircraft with the government to combat a growing safety threat, according to a person familiar with the proposal. The U.S. Transportation Department will … Source: Insurance News

People’s United Insurance Agency Acquires Kesten-Brown in Connecticut

People’s United Bank N.A., a Bridgeport, Connecticut-based regional bank with nearly 400 retail locations in six states, announced that its subsidiary, People’s United Insurance Agency, has acquired Kesten-Brown Insurance, a Bridgeport, Connecticut-based insurance brokerage. People’s United Bank said the acquisition … Source: Insurance News

Why Australia’s IAG Decided to Halt China Expansion Plans

When Insurance Australia Group, the country’s largest general insurer, announced ambitious plans in June to ramp up its business in Mainland China, several institutional investors including Jason Kim were seriously concerned. Kim, a portfolio manager at Nikko Asset Management which … Source: Insurance News