Boardroom Agenda
Hans Rohlf Elected to HCC Board
HCC Insurance Holdings, Inc.announced Tuesday that Hans D. Rohlf, 62, has been elected as an independent member of the Company's Board of Directors. Rohlf will serve on the Enterprise Risk Oversight ...
Probe of RSA Irish Accounting Raises Doubt About CEO’s Controls at Insurer
In September, RSA Insurance Group Plc Chief Executive Officer Simon Lee expanded the role of his top Irish lieutenant, Philip Smith, and praised his "outstanding record." Two months later, he ...
Judge Rakoff Hits Failure of U.S. to Prosecute Wall Street Executives for Fraud
The federal judge who oversaw the recent civil fraud trial against Bank of America Corp. criticized the U.S. Department of Justice on Tuesday for failing to prosecute high-level executives over the ...
U.K. Fraud Office May Work with Spy Agencies to Fight Corporate Crime
The U.K. Serious Fraud Office will work more closely with spy agencies in an effort to crack down on corporate wrongdoing. "We are enhancing our intelligence capabilities in the fight against ...
AIG Settles with Former Exec Before $274M Pay Trial
American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as ...
PLUS Conference: Albright, Cohen on Global Risk, Governance and Hypocrisy
America's European allies are being hypocritical in their complaints about the U.S. spying on them because they all have their own surveillance programs, according to two former top officials in the ...
82% of P/C Insurers Using Predictive Analytics: Earnix/ISO Research
A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance industry, with as many as 82 percent responding that they use ...
Morgan Stanley Says AIG May Sue Over Mortgage Investments
Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed securities that the insurer bought before the financial crisis. ...