The government should have the authority to break up or reconstruct financial firms before they become “too big to fail,” a prominent U.S. lawmaker said on Tuesday. The House Financial Services Committee is expected to start crafting legislation this week …
A jury in New Orleans has found Dell Inc. liable for $12.8 million in damages over unfair competition and conspiracy claims in a lawsuit involving the city’s problematic crime camera surveillance program. Southern Electronics Supply Inc. and Active Solutions LLC …
A former United Parcel Services driver in Michigan who claims he was fired for refusing to deliver a package containing marijuana has filed a lawsuit against the delivery company. Forty-one-year-old Steven Mojica of Clarkston says in a lawsuit filed in …
Republican legislators in Wisconsin are trying to muster support for a bill that would repeal new minimum car insurance levels. The state budget Gov. Jim Doyle signed earlier this year required all motorists to purchase liability insurance. The budget also …
Ubiquitous, effective, efficient, simple, annoying, maddening, perturbing, frustrating, and indispensable. All are adjectives that can describe e-mail. Most of us have a love / hate relationship with our email. Like a hammer, e-mail can be used to build or to …
The Excess/Surplus Lines Claims Association has changed its names and elected a new slate of officers and directors. The organization is now known as the International Association of Claim Professionals (IACP). Its new officers are: President Miles J. Banks, Executive …
The Swiss-based Glacier Group has announced the appointment of Todd Hart as Chief Executive Officer, with immediate effect. He had been serving as a nonexecutive director on the Group’s board, representing HBK Capital Management, one of Glacier’s founding shareholders. Hart …
Maryland-based insurance and risk management firm HMS Insurance Associates Inc. has made several executive-level promotions. Nancey Bohlen has been promoted to chief financial officer and vice president of operations. She will oversee financial aspects of insurance and non-insurance related business. …
Bermuda-based AXIS Capital Holdings Limited reported a net loss available to common shareholders for the third quarter of 2009 of $96 million, or $0.70 per diluted common share, compared with a net loss of $249 million, or $1.79 per diluted …
The U.S. property/casualty industry experienced a 17 percentage point decline in risk-adjusted capitalization in 2008, according to A.M. Best Co., which conducted a four-year study. However, the capital still exceeded adequate levels thanks to excess from previous years. Using its …
