U.S.
Tower Group International CEO Lee Resigns; Fox Returning as CEO
Tower Group International, Ltd. (Tower) announced Friday that Chairman, President and Chief Executive Officer Michael H. Lee, has resigned from the company and the company's board of directors to ...
Travelers Increases Board to 12 Members; Ruegger Named a Director
Travelers Cos., the only insurer in the Dow Jones Industrial Average, increased the number of directors on its board from 11 to 12. The board elected Philip T. Ruegger III as a director, the insurer ...
First American Acquiring Verisk’s Interthinx for $155 Million
First American Financial Corp., the second-largest U.S. title insurer, agreed to buy Interthinx Inc. from Verisk Analytics Inc. for $155 million to add data that serves the mortgage industry. The ...
Study of Possible Wall Street Broker Conflicts Leaked; Authors Warn Against Quick Judgments
A new academic paper about potential conflict of interest in large retail brokers' routing of limit orders has stirred controversy on Wall Street and caught regulators' attention—even before the ...
January Cold, Snow in U.S. to Cost Insurers $1.6 Billion: Aon
The various winter storms that brought snow and bitter cold to the United States in January took more than 50 lives and are expected to result in direct economic losses of about $3.5 billion and ...
Florida Insurance Fraud Ring Staged Home Floods, Fires
A major fraud ring that staged fires and floods at South Florida homes to collect millions of dollars in claims from insurance companies has been broken up with charges against 22 people, authorities ...
FIO Chief McRaith Dismisses State v. Fed Debate as ‘Relic’
The state versus federal oversight discussion is a "binary debate" that is a relic of a bygone era, the director of the Federal Insurance Office told lawmakers at a Congressional hearing Tuesday. FIO ...
AIG Ex-CEO Greenberg Loses Bid to Remove Judge From New York AG Case
Maurice "Hank" Greenberg, the former chairman of American International Group Inc., lost his bid to remove a judge from a lawsuit brought in 2005 by the New York state attorney general accusing him ...