Lawmakers in the House of Representatives voted Wednesday to give government regulators the power to break up financial firms that threaten economic stability, and to expose the Federal Reserve to unprecedented congressional scrutiny. In a milestone for the Obama administration’s …
Irvine, Calif.-based SullivanCurtisMonroe has named Matt O’Connor vice president to its Irvine Office. O’Connor joins SCM from Aon in Orange County, Calif., where he was an account executive in the Construction Division. He held previous positions at Sumitomo Marine Management …
California’s insurance commissioner said he intends to subpoena insurance companies that did not comply with his probe of insurance companies and Iran. Commissioner Steve Poizner announced yesterday that he intends to urge–and perhaps coerce–insurance companies doing business in California to …
Swiss Re announced that it has entered into a transaction with Successor X Ltd. a Cayman Islands exempted company financed through the offering of insurance-linked securities, to receive up to $150 million of payments. They would be triggered in the …
Millions of unemployed U.S. workers face sharply higher health insurance premiums and loss of coverage as temporary federal subsidies expire, a healthcare advocacy group said Tuesday. With the U.S. unemployment rate topping 10 percent, FamiliesUSA is urging Congress to extend …
China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said Wednesday. China, the world’s top emitter, together with …
France tried to reassure Britain on Thursday that its push for tougher financial regulation in the European Union would not undermine the City of London, saying new rules would not hurt anyone system in particular. Tensions between the two countries …
Willis Group Holdings announced that Michiel Bakker has been appointed Managing Director and Head of Europe for its Willis Capital Markets and Advisory unit, formed earlier this year to expand the broker’s capital markets and merger and acquisitions advisory services …
A Marksville, La., agent and her agency who was fined by the Louisiana Department of Insurance in November for allegedly allowing employees to conduct insurance business without a license has been fined again for similar alleged actions. Pamela Kay St. …
London and Lloyd’s broker Miller Insurance Services Limited announced that it has strengthened its expertise for major corporate retail clients with the appointments of Kiran Nayee and Trevor Young to its team in London. Nayee joins Miller from Marsh UK …
