U.S.
S&P Wants 15 State Lawsuits Over Ratings Brought to New York
McGraw Hill Financial Inc. and Standard & Poor's asked a panel of judges to pack up 15 state lawsuits in which they're accused of inflating securities ratings and ship them to New York where the ...
Obama Administration Issues Rules on Workplace Wellness Programs
Employees will be eligible for significantly lower premiums on the health insurance they buy through their employers if they participate in "workplace wellness programs," even if they don't improve ...Allstate Settles Mortgage-Backed Securities Suit Against Citigroup
Allstate Corp. and Citigroup Inc. agreed to settle a lawsuit filed by the insurer in New York state court accusing the bank of fraudulently selling hundreds of millions of dollars of mortgage-backed ...
Oklahoma Tornado to Cost Insurers Up to $3.5 Billion, Says RMS
The tornado that leveled an Oklahoma City suburb last week probably cost insurers $2 billion to $3.5 billion in claims, according to catastrophe modeler Risk Management Solutions Inc. The estimate ...
New York State: Ex-AIG Chief Greenberg Should Face Trial
Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims ...
Latest AIG Defections: Celmer, Matson to Fireman’s Fund; Bronstein to Navigators
Allianz SE said its Fireman's Fund unit in the U.S. hired Jennifer Celmer from American International Group Inc. to lead sales of personal insurance products to wealthy individuals. "Celmer brings a ...
Indian Refiners Decline Iran Insurance Offer
Iran has offered insurance to Indian refiners in a bid to boost its crude sales, industry sources said, though some oil executives warned the plan would not remove the threat of western sanctions. ...New York Regulator Requests Details on Insurers’ Cyber Security Plans
New York's top financial regulator has asked some of the largest U.S. insurance companies to disclose details on their preparedness for cyber attacks, following a similar request to major banks ...