Monthly Archives: <span>August 2014</span>

Today Is Court Deadline for West Virginia Chemical Spill Claims

Time is running out for residents and businesses affected by a January chemical spill in Charleston to file claims in federal bankruptcy court. Claims must be filed with U.S. Bankruptcy Court in Charleston by today, Aug.1 . Forms can be …

Arch Capital Posts $202.5 Million Q2 Net Income; $160.7 Million Operating

Arch Capital Group Ltd. reported that net income available to Arch common shareholders for the 2014 second quarter was $202.5 million, or $1.48 per share, compared to $171.5 million, or $1.26 per share, for the 2013 second quarter. The Company …

Kentucky School Districts Being Assessed for Insurance Trust Gone Bust

Some Kentucky school districts have started getting bills over the past couple of weeks to help offset insurance claims against the failed Kentucky School Boards Insurance Trust. The trust announced last year that it would disband due to financial woes …

GM Victims Fund Opens Today; Hundreds of Ignition Switch Claims Expected

Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say. General Motors Co. in April hired Washington, …

AIG, GE Capital Systemic Risk Designations Renewed

The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. But the Financial Stability Oversight Council was unlikely to designate …

U.S. to Step Up Oversight of Genetic Testing

Commonly used tests to predict disease or match a cancer patient with the drug most likely to work will be more strictly regulated under a U.S. Food and Drug Administration proposal. The plan released yesterday means the agency will review …

The Hartford Realigns Senior Leadership

The Hartford Financial Services Group announced a realignment of its senior leadership positions. The Hartford CEO Christopher J. Swift said the realignment is part of the company’s strategy to grow the Property & Casualty, Group Benefits and Mutual Funds businesses …

HealthCare.Gov Better But Tech Glitches Still a Concern

Year two of Obamacare “won’t be perfect,” a top Obama administration official said as the government’s website to sell health insurance plans continues to be developed. Andy Slavitt, the principal deputy administrator of the Centers for Medicare and Medicaid Services, …

Allied World Europe Expands Professional Liability Team

Allied World Assurance Company Holdings, AG announced that Allied World Europe has expanded its professional liability team with the addition of two new vice presidents, Alec Goodair as Vice President, European Financial Institutions and Nicholas Lee as Vice President, European …

Minova Insurance Launches BMS Capital Advisory

UK-based Minova Insurance Holdings announced the launch of BMS Capital Advisory, a broker-dealer registered with the SEC and a member of both the UK’s Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). BMS Capital Advisory is an …