Massachusetts-based benefits firm The Bostonian Group has formed a property/casualty risk management practice group called Bostonian Solutions Property & Casualty. The firm said its risk management practice will specialize in protecting companies and their employees against a wide variety of …
President Barack Obama warned doctors Monday the U.S. healthcare system was a ticking time bomb and urged them to support his overhaul, which includes a public insurance plan that many of them view with skepticism. Obama took his healthcare campaign …
A New Jersey woman who claimed her bipolar disorder was brought on by a stressful relationship with her boss is not eligible to collect workers’ comp benefits, a compensation judge has ruled. The case was brought by Tracey Fleidner against …
Momentous Insurance Brokerage of Van Nuys, Calif., has partnered with Fireman’s Fund Insurance Co. and the Burbank Fire Department to help protect Southern Californians from wildfires. In 2006, Momentous secured a $157,000 grant from Fireman’s Fund; the funds were used …
Witnesses began testifying Tuesday in the civil trial of American International Group Inc.’s former top executive, accused of plundering an AIG retirement program of billions of dollars. Attorney Theodore Wells told jurors Monday in Manhattan that former Chief Executive Officer …
As American International Group (AIG) continues its restructuring, California Insurance Commissioner Steve Poizner has appointed a special examiner to assist in the monitoring of AIG’s insurance operations. “Hundreds of thousands of Californians have insurance policies with companies owned by AIG,” …
Two former New Jersey elected officials arrested on corruption charges nearly two years ago in an FBI sting operation have been sentenced to federal prison terms. Former Passaic City Council member Marcellus Jackson received a 25-month sentence on Monday. Former …
Maurice “Hank” Greenberg, former chief executive of insurer AIG, testified before a federal jury on Tuesday that he did not have a fiduciary duty to fund an AIG compensation plan. “I did not view myself as a fiduciary,” Greenberg, 84, …
President Barack Obama will unveil on Wednesday his plans for reshaping U.S. financial regulation, with proposals to close one bank regulator and create new overseers for big-picture economic risk and consumer financial product safety. In a package of reforms that …
President Barack Obama plans on Wednesday to unveil his proposal to overhaul U.S. financial regulatory system. Here are the main provisions as outlined by administration officials and as detailed in a document obtained by Reuters. ELIMINATE THRIFT CHARTER, CREATE NATIONAL …
