CFO / Financial
BlackBerry Faces Class Action Shareholder Lawsuit
A class action lawsuit has been filed against BlackBerry by a shareholder claiming the company misled investors about its future, including how the BlackBerry 10 smartphone line would fare against ...
P/C First-Half Results Improve on Premium Growth, Lower Cats
The only major component of net income moving downward for property/casualty insurers during the first half of 2013 was investment income, according to a compilation of aggregate industry figures ...
FASB to Hold Roundtable Meetings on Insurance Proposal
The Financial Accounting Standards Board (FASB) will host public roundtable meetings on its Proposed Accounting Standards Update, Insurance Contracts (Topic 834). The meetings will provide an ...
EU Commissioner Recommends Solvency II Delay to 2016
The European Commission has officially proposed a postponement of the January 2014 start date for the implementation of Solvency II, according to a statement from Michel Barnier, the commissioner ...
Ex-AIG Chief Greenberg Fails to Persuade Judge to Leave Case
Former AIG Inc. Chairman Maurice "Hank" Greenberg lost a second bid to have a judge remove himself from an eight-year-old lawsuit brought by the New York attorney general's office. Greenberg in July ...
How Government Shutdown Will Affect P/C Insurance Industry
The property/casualty insurance industry should not be seriously affected by the federal government shutdown. Since the industry is largely regulated by the states, not Washington, the impact on the ...
Federal Agencies Overseeing Financial Markets to Operate During Shutdown
U.S. oversight of financial markets and institutions will operate largely as usual in the event of a government shutdown because most regulators are funded with independent revenue. An exception ...
SEC Open for Biz During Early Weeks of Shutdown
The U.S. Securities and Exchange Commission would continue reviewing IPO applications and monitoring markets as normal in the early weeks of a government shutdown, but market players are increasingly ...