Latest PwC Headlines
All the headlines from our PwC Topic Page, ordered by recency.
Urbanization, Mobility, Gridlock and Predictions of ‘Peak Car’
Feb 24 2014 // The world that Henry Ford put on wheels is poised for a stall. In the globe’s growing megacities, pollution and gridlock are putting a damper on driving. In India, some commuters are leaving their cars at home to...
RSA Fires Executives as PwC Probe Reveals Inaccurate Reporting
Jan 9 2014 // RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers at the division resulted in inaccurate financial reporting. RSA Ireland...
In Connecticut, Number of Insurance Sector Employees Fell Slightly in 2012: Report
Nov 21 2013 // A report this month from Connecticut’s Insurance & Financial Services (IFS) Cluster and PwC shows there was a slight decline in the number of insurance sector employees in Connecticut last year, primarily due to...
PwC Names Managing Director for Forensic Services Practice in Atlanta
Oct 10 2013 // Consulting firm PwC US announced that Alice V. Edwards has joined the firm as managing director for the Forensic Services practice in the Atlanta office. Edwards previously worked with forensic accounting services firm...
PwC US Names Managing Director for Actuarial and Insurance Management in N.Y.
Sep 11 2013 // PricewaterhouseCoopers US (PwC US) announced that Henry Essert joined PwC’s Actuarial and Insurance Management Solutions (AIMS) practice as a managing director in its New York office. In his new role, Essert will...
Securities Lawsuits Declined 10% in 2012; Future Trend Unclear: PwC
Apr 16 2013 // Federal securities class action filings in 2012 decreased by about 10 percent from 2011. There were 172 cases in 2012, compared to 191 cases in 2011, according to consultant PwC US in its annual securities litigation...
Despite Uncertainty, Momentum Building for M&As in 2013: PwC
Feb 21 2013 // While 2012 was a flat year for financial services mergers and acquisitions (M&A) overall, there was a surge in the fourth quarter and there is reason to think activity will pick up in 2013, according to a new...
Challenges, Opportunities of Health Exchanges, New Insureds
Oct 2 2012 // The 12 million Americans expected to begin enrollment in health insurance exchanges next year represent a customer base of new insureds with a demographic profile and health needs that differ from those of the current...
PwC, CBI Survey Finds, Growth ‘Modest Optimism’ in UK Financial Services
Apr 2 2012 // A new survey, released by PricewaterhouseCoopers LLP (PwC) and the Confederation of British Industry (CBI) highlights an “unexpected rise in employment,” as well as growth and “modest optimism” in...
Former AIG Employee Sues Accounting Firm, Board Over Audits
Jan 5 2011 // A former employee of American International Group has filed a lawsuit claiming that PricewaterhouseCoopers was negligent in its audits of AIG and that the board of the bailed-out insurer failed to pursue a claim against...
One Thing Is Certain for Insurance Industry in Near Term: Uncertainty
Dec 8 2009 // The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the...
AIG Elects New Directors; Few Air Grievances at Annual Meeting
Jul 1 2009 // American International Group Inc. got a new slate of government-backed directors at a subdued annual meeting on Tuesday, effectively revamping its board after the insurer’s $180 billion taxpayer bailout. The meeting...
PricewaterhouseCoopers Survey Raises Questions on Enterprise Risk Management
Jul 2 2008 // A new survey, released by PricewaterhouseCoopers (PWC) London office, notes that although significant progress has been made by the insurance industry in adopting enterprise risk management (ERM) techniques, questions...
Insurance company run-off management strategies face obstacles
Feb 26 2007 // The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC) Insurance Restructuring Group. The “US Discontinued...
News Currents
Feb 25 2007 // Insurance company run-off management strategies face obstacles The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC)...
Insurance Company Run-Off Management Strategies Face Obstacles, Study Says
Feb 13 2007 // The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC) Insurance Restructuring Group. The “US Discontinued...
PwC Names Bennett as a Director in Insurance Risk Management Practice
Nov 17 2005 // The Transaction Services group of PricewaterhouseCoopers has named Richard L. Bennett Jr. as a director in the firm’s Insurance Risk Management Solutions (IRMS) practice. In that role, Bennett, 38, will work with the...
Court: Accountant Responsible for Full $183 Million Judgment From Ambassador Collapse
Oct 2 2005 // Accounting giant PricewaterhouseCoopers LLC is fully responsible for paying a $182.9 million judgment stemming from a jury’s finding that a predecessor company was negligent in auditing Ambassador Insurance Co.,...
Greenberg Fights Back; Ousted AIG Exec Defends Accounting and Challenges Current Management
Aug 4 2005 // Maurice “Hank” Greenberg, former chief executive officer of American International Group Inc., is battling back against charges he cooked AIG’s books, arguing that many of the accounting decisions for...
AIG to Restate Past Financials as Internal Audit Continues; Acknowledges Lack of Internal Controls
May 2 2005 // American International Group Inc. said that it has decided to restate financials from several previous years and that preliminary results of its internal audit show its 2004 results should be reduced by $2.7 billion, or...
