Regulation & Compliance
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 ...
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 ...
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 ...
RSA Insurance Turns to Ex-RBS Boss Hester as CEO
RSA Insurance Group Plc hired former Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester to lead the U.K. insurer, as it seeks to put a scandal at its Irish unit behind it. ...
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 ...
No Disclosure of Lawmakers’ Own Crop Insurance Payments in Farm Bill
Crop insurers successfully lobbied to keep several proposals out of the farm bill set to pass the U.S. Congress today -- such as a requirement that would have forced farmer-lawmakers to disclose ...