Regulators Alert Financial Firms to Disaster Risk August 28, 2013 The Securities and Exchange Commission has issued a risk alert on business continuity and disaster recovery planning for investment advisers....
Merrill Lynch Reaches $160 Million Settlement in Black Advisers’ Bias Suit August 28, 2013 By Joel Rosenblatt and Hugh Son Bank of America Corp.’s Merrill Lynch unit agreed to pay $160 million to settle a discrimination lawsuit filed by black...
Wal-Mart Will Offer Health Insurance to U.S. Employees’ Domestic Partners August 28, 2013 By Jessica Wohl Wal-Mart Stores Inc. said on Tuesday it will offer health insurance benefits to domestic partners of its U.S. employees starting...
Homeland Security Chief Says U.S. Should Expect ‘Major’ Cyber-Attack in Future August 27, 2013 By Phil Mattingly The U.S. will face a cyber-attack in the future that will cause major disruption in the economy, the outgoing Homeland...
Top 10 States for Extreme Weather Crop Insurance Payouts August 27, 2013 Extreme weather forced the federal crop insurance program to pay out a record-breaking $17.3 billion in crop losses last year,...
Cities, States with Best Drivers: Allstate August 27, 2013 By Noah Buhayar Drivers in Washington, D.C. are the most accident-prone of any U.S. city, again placing at the bottom of an annual...
Flanigan Named CEO of ASCnet August 27, 2013 Barbara Flanigan, a 30-year insurance industry veteran, has been named CEO of Applied Systems Client Network (ASCnet), the user group...
Gulf Oil Spill Claims Chief Disputes BP Misconduct Charges August 27, 2013 By Laurel Brubaker Calkins and Margaret Cronin Fisk BP Plc’s allegations of misconduct in the program set up to pay claims in the settlement over the 2010 Gulf...
Moody’s Expects Commercial P/C Rates to Continue Rising in 2013 August 27, 2013 Moody’s said it expects U.S. property/casualty (P/C) insurance rates to continue to rise during the remainder of 2013 for the...
AIG to Get $905 Million From Brookfield to End Rate-Swap Dispute August 26, 2013 By Noah Buhayar and Zachary Tracer American International Group Inc., the insurer that repaid a U.S. rescue last year, agreed to accept $905 million from Brookfield...