News
S&P Ups Philadelphia Insurance Rating to ‘AA-‘
Philadelphia Insurance Companies announced Tuesday that Standard & Poor's upgraded the company's financial strength to "AA-" from "A+" last week. S&P's action, lifting the ratings of the ...
Demand for Jury Trial Denied; Ex-AIG Chief Greenberg to Face Judge He Wanted Removed
Former AIG chief Maurice "Hank" Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias. Justice Charles ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Search Warrants Extend To Overseas Email Accounts, U.S. Judge Rules
Internet service providers must turn over customer emails and other digital content sought by U.S. government search warrants even when the information is stored overseas, a federal judge ruled on ...
Gas-Gobbling Bacteria May Help with Oil Leaks, Greenhouse Gases
A type of bacteria that eats natural gases may provide a small defense against leaks such as BP's Gulf of Mexico oil spill in 2010 and curb global warming, a scientific report said on Monday. The ...
Study: Women CEOs Remain Few in Finance, Other Industries
The number of women becoming CEOs of the world's largest public companies has gained slightly over the previous decade. But their percentage remains stubbornly low in sectors such as finance and ...
Many Employers Unfamiliar With Management Liability Risks Posed by Affordable Care Act: Travelers
A new survey sponsored by Travelers reveals that many businesses may not be prepared for implementation of the Patient Protection and Affordable Care Act (PPACA). The survey, conducted in March by ...
Tornadoes Hit Miss., Tenn. and Ala. Next in Ongoing Storm Advance
The cluster of tornadoes, heavy rain and winds that created a path of destruction and fatalities through seven southern states on April 27 continued their advance a day later, hitting parts of ...
Hartford CEO McGee Crows About Insurer’s ‘Transformation’
A day after Hartford Financial Services Group announced vastly improved financials and plans to unload its Japan operations, Chairman, President and CEO Liam McGee was positively bullish during the ...