The Obama administration’s pay czar said his attempts to renegotiate valid pay contracts at bailed-out companies, particularly insurer AIG, has been a “unique challenge,” according to testimony released Wednesday. Kenneth Feinberg, a Washington lawyer appointed by President Barack Obama last …
Republicans should find things to like in President Barack Obama’s healthcare reform plan because they were taken from Republican bills or have been advocated by Republicans, the president’s top healthcare reform officials said Thursday. In an opinion piece for The …
President Barack Obama launches a last-ditch bid to salvage his stalled healthcare overhaul Thursday at a televised summit that could offer more potential for political theater than problem solving. After months of heated battle over healthcare reform in the Congress, …
Wal-Mart Stores Inc. has lost its bid to deny workers compensation benefits to an employee who also received a $900,000 civil award from two third parties. The Kentucky Court of Appeals ruling on Feb. 19 in Wal-Mart Stores Inc. vs. …
XL Insurance has appointed Seraina Maag as chief executive of its North America Property & Casualty (P&C) unit. Maag most recently headed the Zurich North America Commercial, Specialties Business Unit, managing all aspects of that operation with offices across the …
A former claims adjuster for Progressive in Maryland has been sentenced for stealing more than $39,000 from the insurer, according to the state’s attorney general. Chae Hyong Chu, has been sentenced on a single count of felony theft. Montgomery County …
Martin A. Schwartzman has been named deputy superintendent for Strategic Planning and Market Initiatives at the New York State Insurance Department. The new post designed to ensure that the Insurance Department is operating effectively in meeting the needs of consumers …
The former CEO of a now-defunct insurance agency in New Jersey has been indicted for stealing over $300,000 in commercial insurance premiums. Richard Pisacane, former head of Bayonne-based Northern Financial Group, has been charged with theft and misapplication of entrusted …
Gerry O’Connor, senior vice president – commercial division of Old National Insurance in Indianapolis, has been named 2010 president of Menlo Park, Calif.-based RiskProNet International, a network of 24 independent insurance brokers in North America. O’Connor has been a multi-line …
The wife of a Bronx, New York man who was fatally shot by a police officer while defending his stepdaughter is suing for $285 million. The wrongful death suit filed Friday names the city and Officer Michael Falcione. Sandra Rodriguez …
