Financial Firms Fear Hensarling May Fill Gap Left by Cantor’s Exit June 11, 2014 By Cheyenne Hopkins and Jonathan Allen Wall Street could count on Eric Cantor to take its side in the U.S. Congress. It won’t have the same...
Stakes for P/C Insurers ‘High’ If Congress Shifts TRIA Burden: Moody’s June 11, 2014 If Congress acts to extend the federal government backstop for terrorism insurance, the new version will likely impose higher deductibles...
Patent Risk, Insurance Firm RPX Eyes Supplier of Patent Owner Data June 11, 2014 By Dan Levine Patent risk management company RPX Corp. is in advanced talks to acquire litigation data provider PatentFreedom, three sources familiar with...
Businesses Lobby Delaware to Keep ‘Loser Pays’ Option in Shareholder Suits June 11, 2014 By Tom Hals Big business is lobbying Delaware lawmakers for corporate bylaws to shift legal fees to shareholders who sue and lose, which...
Under New CEO Hancock, Smaller AIG Expected to Focus on Growth June 11, 2014 By Hugh Son and Noah Buhayar American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor...
In Search of the Best Defense Against Corporate Cyber Crime June 11, 2014 By Peter Apps With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT...
Argo Surety, SureTec Launch Mid-Market Surety Program June 11, 2014 Argo Surety, together with SureTec Financial Corp., is now providing expanded combined capacity for the middle market contract surety segment....
Supreme Court Limits Bankruptcy Court Authority in Insurance Case June 10, 2014 The Supreme Court says bankruptcy courts have limited authority to rule on disputes outside the traditional bankruptcy process. The justices...
P/C Chief Hancock to Succeed Benmosche as AIG CEO, President June 10, 2014 American International Group (AIG) has named Peter D. Hancock as president and chief executive officer, effective September 1. Hancock, who...
Travelers Promotes Schnitzer, Spadorcia in Business Segment Moves June 10, 2014 The Travelers Companies,Inc. has promoted Alan Schnitzer to vice chairman and chief executive officer of Business and International Insurance and...