From Enron to Wirecard – Big 4 Accounting Firms Still Face Systemic Problems July 2, 2020 By Ellen Milligan and Hugo Miller Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four...
Allianz Ends Relationship with Wirecard Amid Accounting Scandal July 1, 2020 Allianz said on Wednesday that it was ending its relationship with Wirecard Bank and removing from the market a mobile...
Former CEO of Wirecard Arrested in Accounting Scandal Involving Missing $2.1 Billion June 23, 2020 FRANKFURT – Wirecard’s former boss was arrested on Tuesday on suspicion of falsifying accounts, after the German payments firm disclosed...
UK Insurers Paying $26.6 Million a Day for June Floods ABI Reports July 19, 2012 Insurers are set to pay up to £500 million [$782.3 million] or £17 million [$26.6 million] every day – to...
EXCLUSIVE – Somali Pirate Kingpins Enjoy ‘Impunity’ Say UN Experts July 18, 2012 Somalia’s president has shielded a top pirate leader from arrest by issuing him a diplomatic passport, according to a United...
Lloyd’s Market Association Issues Guidance in Case of Euro Exit June 15, 2012 The Lloyds’s Market Association (LMA) has joined central banks and other financial instiutions in preparing for a possible euro zone...
Louisiana Town May Pay Damage Claims from Sewage-Caused Flooding April 6, 2012 The Sorrento Town Council in Louisiana has voted 3-0 to pay claims by residents whose homes were flooded and soiled...
Insurers in Delaware Diocese Bankruptcy Balk at $15 Million Payout September 8, 2011 By Randall Chase A dispute over insurance payments is threatening to blow up the Catholic Diocese of Wilmington’s bankruptcy reorganization plan. Under the...
Australia Flood, Cyclone Claims Assessments near Completion Says ICA May 17, 2011 According to a bulletin on its web site, the Insurance Council of Australia has released updated figures on “how the...
RAA Affirms Industry Can Handle Japan Catastrophe March 18, 2011 The Reinsurance Association of America has issued a reassuring bulletin that the industry can not only cope with the recent...