Regulation & Compliance
Insurers Lose Bid to Halt Funding of Pittsburgh Corning’s Asbestos Trust
Pittsburgh Corning Corp.'s bankruptcy judge overruled final objections by insurance companies trying to halt the reorganization of the building-supply company. U.S. Bankruptcy Judge Judith Fitzgerald ...ACE to Open Myanmar Office
The ACE Group said it has received provisional approval from Myanmar's Directorate of Investment and Company Administration to establish a representative office in the country. ACE said it is now ...
Insurers Oppose Pittsburgh Corning Bankruptcy Exit Plan
Insurers fighting Pittsburgh Corning Corp.'s reorganization have asked a judge to rescind her initial approval of the building-supply company's plan to exit bankruptcy. U.S. Bankruptcy Judge Judith ...
MPLI Lagging Commercial Lines Underwriting Cycle
Medical professional liability insurance (MPLI) is a smaller specialty property/casualty insurance underwriting segment that has generated strong annual underwriting profits since 2006, considerably ...
‘Systemically Important’ AIG Hunts for Board Member with Regulatory Experience
American International Group Inc.'s board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny, ...
Insurers, Banks See Trade Deals As Way to Weaken Dodd-Frank
U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis. While ...
Fed Officials Dampen Talk of Imminent Cut in Bond Buying
Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation ...
Wage and Hour Claims Among Top Threats to U.S. Employers
Federal wage and hour lawsuits have reached a surprise record high, according to a report by law firm Seyfarth Shaw LLP. Cases filed under the Fair Labor Standards Act (FLSA) in have continued to ...