U.S.
Greenlight Capital’s Einhorn Drops Lawsuit After Unmasking Blogger Who Leaked Stock Info
Greenlight Capital Inc., the hedge fund overseen by David Einhorn, said on Monday it has unmasked the identity of an anonymous blogger who disclosed Greenlight's stake in a semiconductor company, and ...
Florida Seeking Private Insurer Fix for Flood Insurance Problem
The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that's the most vulnerable to storm surge. It's not clear, though, that ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Madoff’s Former Associates Convicted in Multibillion-Dollar Fraud
Five former aides to investment manager Bernard Madoff were convicted on Monday of charges that they helped their boss conceal his multibillion-dollar Ponzi scheme for years. A federal jury in New ...
SEC Probing Banks, Companies Involved in Complex Bond Deals: WSJ Report
The U.S. Securities and Exchange Commission has launched an investigation into the increasing number of complex bond deals on Wall Street that may create new opportunities for fraud, the Wall Street ...
Canadian Pension Board Acquires Wilton Re for $1.8 Billion
The Canada Pension Plan Investment Board (CPPIB) said on Friday it agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity ...
IICF Women in Insurance Regional Forums to Be Held in June
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization funded by the insurance industry and focused on community-based philanthropy across the United States, has announced the ...
1 in 10 Small Businesses Had Employees Working Under the Influence in 2013
One in 10 small businesses had employees show up for work last year while under the influence of at least one controlled substance, according to a new study by Employers Holdings Inc. Small-business ...
IRS Expects ‘Glitches’ with FATCA Tax Law on Offshore Accounts
A new U.S. anti-tax evasion law, set to take effect on July 1, will encounter "inevitable glitches," said the head of the U.S. Internal Revenue Service on Monday, adding that the IRS will be ...