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Ex-Minnesota State Worker Focus of Probe of Fraud Aimed at Businesses

State investigators are trying to determine the scope of a check fraud scheme that they say could count hundreds of Minnesota businesses among its victims. The woman at the center of the investigation is a former employee of the Minnesota …

Federal Reserve Defends Dealings Over AIG Payments to Banks

Federal Reserve officials Tuesday launched a vigorous defense of their dealings with American International Group, calling for a congressional audit and denying any inappropriate action with respect to payments the bailed-out insurer made to banks. Fed Chairman Ben Bernanke invited …

Time Wise: The To Do List on Steroids

To do or not to do, that is, quite literally, the question. Few of us have the memory to keep everything in our heads. The To Do list is a time proven key to success. My approach involves four lists …

MetLife Eyes $14 Billion Deal for AIG’s Alico Life Insurance Unit

MetLife Inc. is in talks to buy AIG’s American Life Insurance Co (Alico) unit in a deal that could be valued between $14 billion and $15 billion, a source familiar with the matter said Tuesday. Nothing has been finalized yet …

General Re Settles Fraud Charges Over AIG, Pru Financials

The Securities and Exchange Commission today charged General Re Corp. for its involvement in separate schemes by American International Group (AIG) and Prudential Financial, Inc. to manipulate and falsify their reported financial results. The SEC said Gen Re agreed to …

Republican Win in Massachusetts Could Jeopardize Healthcare Bill

In a stunning blow to President Barack Obama, Republican Scott Brown won a bitter U.S. Senate race in Massachusetts Tuesday and promised to be the deciding vote against his sweeping healthcare overhaul. Brown’s win robbed Democrats of the crucial 60th …

Georgia Insurance Chief Taps Bank with Ties for Governor Race Funds

Two leading Republican candidates for governor in Georgia have already turned to hefty lines of bank credit to help pump up their campaign finances months before the primary in July. State Insurance Commissioner John Oxendine and U.S. Rep. Nathan Deal …

Farmers Insurance to Sponsor Upcoming PGA Tour Event in California

The San Diego Open found a title sponsor one week before its tournament, the fourth new sponsor the PGA Tour has attracted in the last nine months. The tour said that Farmers Insurance Group has agreed to be title sponsor …

Caribbean Risk Managers Publishes Updated Report on Haiti Quake

Caribbean Risk Managers Ltd. (CaribRM) has published an updated report on the earthquake in Haiti, which gives precise details concerning the unfolding of the event. It continues with an examination of the damages it caused, both on the ground and …

Torus Adds Personnel for New UK-based Property Team

Torus announced that it is in the process of establishing a London-based property tem to serve the UK. David Ring joins the Company to lead the new operations as UK Head of General Property. He is responsible for managing and …

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