Democrats in the U.S. House of Representatives Wednesday introduced legislation that would create a financial products watchdog to crack down on unsafe lending practices. Bill Delahunt of Massachusetts and Brad Miller of North Carolina introduced the bill to create a …
The Bank of East Asia said on Thursday that it has signed a deal to buy the Taiwan securities arm of American International Group as the ailing U.S. insurance giant sells assets to raise cash. “The deal is subject to …
Global warming is more than a third to blame for a major drop in rainfall that includes a decade-long drought in Australia and a lengthy dry spell in the United States, a scientist said on Wednesday. Peter Baines of Melbourne …
AIG executives in Europe are adamant they should not have to return their controversial bonuses and some feel that pressure on them to do so may amount to blackmail, according to a company employee and internal emails. AIG Financial Products …
The European Union has joined the Caribbean Catastrophe Risk Insurance Facility’s (CCRIF) 16 member governments – Canada, the World Bank, the United Kingdom, Bermuda, Ireland, France and the Caribbean Development Bank – in donating to the facility’s reserve pool. The …
Lee Armstrong has joined Der Manouel Insurance Group of Fresno, Calif., as a senior level benefits consultant. He began his career in 1976 with Equitable of New York. He also served as vice president of Hilb Rogal & Hobbs Insurance …
Encino, Calif.-based NAS Insurance Services announces its collaboration with Jamie Webb, who will act as marketing representative of specialty reinsurance products. He will be responsible for marketing the company’s turnkey reinsurance programs including network security/cyber liability (NetGuard), employment practices, professional …
Los Angeles-based Abacus Insurance Brokers Inc. has selected North American Specialty Insurance Co. (a member of the Swiss Re Group) to expand its online entertainment programs. The program includes rental houses, film schools, venues, promoters, shell corps, theatrical, pre-production and …
The Montana Legislature has passed abill designed to strengthen the state’s position as a captive domicile. The bill, HB 160, is expected to be signed into law by Governor Brian Schweitzer before the end of the month. Under the new …
While California’s Division of Workers’ Compensation (DWC) Chief Deputy Administrative Director Carrie Nevans takes temporary personal leave, the Department of Industrial Relations (DIR) Director John Duncan has designated DWC Chief Counsel Destie Overpeck as the acting chief deputy administrative director …
