U.S.
Hartford Reports Third Straight Loss on Asbestos, Annuity Costs
Hartford Financial Services Group Inc., the insurer exiting life operations to focus on property/casualty coverage, posted a third straight loss on asbestos liabilities and costs tied to variable ...
Bernanke Should Testify in Greenberg Case Against Bailout: Judge
A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former chief of American International Group Inc., Maurice "Hank" Greenberg, against the ...AIG Closing Savings Bank Unit, Returning Customer Funds Amid Dodd-Frank Pressure
American International Group Inc. will return funds to customers of its banking unit and shut their accounts as the Dodd-Frank Act places limits on insurers with deposit-taking units. AIG Federal ...
U.S. Appeals Court Rejects States’ Challenge Over Climate Rules
A federal appeals court on Friday rejected a legal challenge by Texas and Wyoming to the U.S. Environmental Protection Agency's efforts to curb greenhouse gas emissions. A three-judge panel of the ...
Questions Arise Over SAC Reinsurance Unit As Hedge Fund Pleads Not Guilty
Billionaire investor Steven A. Cohen's hedge fund pleaded not guilty on Friday to insider trading charges in federal court, as questions also surfaced about the future of SAC Capital's Bermuda-based ...
Greenberg Again Moves to End New York AG’s Lawsuit Against Him
Former American International Group Inc. Chief Executive Officer Maurice "Hank" Greenberg said he's filed another request to dismiss an eight-year-old fraud lawsuit brought by the New York Attorney ...$60M New Jersey Insurer CAT Bond Placed By Towers Watson Capital Markets
Towers Watson Capital Markets announced Thursday that it recently arranged a private placement catastrophe bond, sponsored by New Jersey Manufacturers Insurance Group. The bond, Sullivan Re 2013-1, ...
State Insurance Commissioners Hire Moody’s Critic Kolchinsky
Eric Kolchinsky, the former Moody's Investors Service analyst who told Congress the ratings company cared more about money than accuracy, was hired by the National Association of Insurance ...