compensation News

RSA May Face Shareholder Backlash on CEO’s ‘Excessive’ Bonus

RSA Insurance Group plc may face a backlash from investors this week as Pensions & Investment Research Consultants Ltd. said Chief Executive Officer Stephen Hester’s compensation was “excessive.” The shareholders’ group recommended investors abstain from voting for Hester’s pay at Friday’s annual …

Arizona Governor Signs Bill to Modify Asbestos Injury Claims

Attorneys representing victims of asbestos exposure say a bill Arizona Gov. Doug Ducey signed into law will limit victims’ ability to recover losses. Ducey said he signed the measure Thursday to increase transparency and fairness in asbestos litigation. “While victims …

Aviva CEO & CFO Reduce Long-Term Bonuses After Voting Agency Concern

Aviva plc’s Chief Executive Officer Mark Wilson and the chief financial officer lowered their long-term bonuses after Institutional Shareholder Services Inc. was said to have raised concerns over 2015 compensation. Wilson’s long-term incentive plan (LTIP ) reverted back to 2014 …

Court Exempts Airlines from Developer’s Sept. 11 Environmental Claim

American Airlines, United Airlines and the World Trade Center leaseholder do not have to pay a property developer environmental cleanup costs from the Sept. 11, 2001 hijacked plane attacks, a U.S. appeals court ruled on Friday. The 2nd U.S Circuit …

‘Bonus’ Year of 2013 Has Insurers Figuring How to Incent for Future Growth

With property/casualty insurance and life and annuity companies having a great year in 2013, bonus funds were up above targeted amounts for 80 percent of them, Towers Watson reported. In an item posted on Towers Watson’s Executive Pay Matters blog, …

Disabled Hawaii Man Suing Delta Air Lines for ADA Violations

A Maui man who uses a wheelchair says he was forced to crawl through the aisle, up and down stairs and along a tarmac during a Delta Air Lines flight last year. The Honolulu Star-Advertiser reported that Baraka Kanaan, in …

Who’s Worth What in the Independent Agency System? Find Out Now

Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who’s worth what in the independent agency system. Don’t miss out on your chance to participate. The 2013 Agency Salary Survey results will be …

Who’s Worth What? Take IJ’s Agency Salary Survey Today

Insurance Journal is once again polling insurance agency owners, producers, CSRs and other agency staff to find out who’s worth what in the independent agency system. Don’t miss out on your chance to participate. The 2013 Agency Salary Survey results …

UK Business Group Calls for Limit to PPI Compensation – Report

Britain’s government needs to limit compensation paid to customers mis-sold loan insurance, John Cridland, director-general of the Confederation of British Industry, wrote in the Times on Monday. The head of Britain’s biggest business lobby group wants the government to introduce …

Feinberg Calls Indiana Stage Collapse Compensation Fair

The architect of compensation for victims of last year’s deadly Indiana State Fair stage collapse says he believes the state was “exceedingly fair” with victims. Victims’ compensation specialist Kenneth Feinberg tells The Associated Press that officials had limited resources to …