U.S. to Sell $6 Billion in AIG Stock; AIG to Pay More to Taxpayers March 7, 2012 By Doug Palmer and Rachelle Younglai The U.S. Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck...
Whistleblower Says BofA Defrauded Home Loan Remodification Program March 7, 2012 By Jessica Dye Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of...
7-Day Advance Hurricane Forecasts Not Far Away, Says Storm Center Chief March 7, 2012 By Bruce Smith National Hurricane Center Director Bill Read said that science will improve to the point where forecasters can reliably issue forecasts...
K&B Introduces Workers’ Compensation Program March 7, 2012 K&B Underwriters has launched a new workers’ compensation product in collaboration with SeaBright Insurance Co. The carrier will bring a...
PPIB Introduces Professional Lines Program March 7, 2012 Professional Program Insurance Brokerage (PPIB) has launched a nationwide program with coverage for employment practices liability, directors and officers and...
SEC Weighs Exempting Insurance Companies from Volcker Rule March 7, 2012 By Dave Clarke and Sarah N. Lynch The top U.S. securities regulator said on Tuesday her agency is exploring whether insurance companies can qualify for a coveted...
Tokio Marine Buyout of Insurer Delphi Allowed to Proceed March 7, 2012 A Delaware court on Tuesday denied a request to block the $2.7 billion sale of insurer Delphi Financial Group to...
Wealthy Americans Fear Costly Lawsuits March 6, 2012 America’s wealthiest families increasingly worry that their wealth alone makes them a prime target for a high-stakes liability lawsuit in...
BP Gulf Oil Spill Settlement Includes Medical Claims Process March 6, 2012 By Cain Burdeau A settlement that BP is hammering out with victims of the massive Gulf oil spill finally provides a system for...
Protective Specialty Launches E&O Products for Insurance Agents March 6, 2012 Protective Specialty Insurance Co. has launched a pair of new errors and omissions products for insurance agents. One product will...