Joseph Cassano has come home to face the music. The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States. Under intensifying investigations by the FBI and other …
An Australian court has ruled that local governments can pursue financial claims against collapsed U.S. investment bank Lehman Brothers in Australia and elsewhere, a firm that is funding the litigation said on Monday. IMF (Australia) Ltd. said the Federal Court …
Scientists are surprised at how extensively coastal ice in Antarctica and Greenland is thinning, according to a study on Wednesday that could help predict rising sea levels linked to climate change. Analysis of millions of NASA satellite laser images showed …
If the suicide bombers who targeted two luxury hotels in Jakarta this year hoped their attacks would strike a significant long-term blow against Indonesia’s economy, the reaction of financial markets suggests they were wrong. Economic warfare is at the heart …
A financial service worker in South Carolina was sentenced today to two years in prison for using a scheme to dupe mortgage companies and homeowners in Eastern Kentucky. David C. Thomas, of Greenville, S.C. admitted he falsely portrayed himself to …
A visit to the home to the UK’s Chartered Insurance Institute reveals a singular collection of ancient Fire Marks – metal plaques inscribed with the name of an insurance company and often vividly decorated. The CII headquarters is one of …
Lloyd’s has welcomed its newest group of graduate students. The latest batch of successful applicants to work in at One Lime Street “will start an 18-month rotation that will see them working in three six-month placements, one of them in …
Budget Imbalance “The budget of the department is $10 million. The CEO of State Farm makes more than that.” —Mississippi Insurance Commissioner Mike Chaney discussing what it’s like to oppose giant State Farm and its bid for a 45% homeowners …
Zurich in North America named Marcus Cooper as senior vice president for national sales and strategic relationships, effective immediately. Cooper replaces Mike Vaught, who is retiring. Cooper will continue serving as South Central regional executive until a replacement is hired. …
The world’s reinsurers gathered in Monte Carlo over the first weekend in September for their annual conclave. This year’s meetings were calm by comparison with prior years — no hurricanes ravaging Florida, and a financial crisis that’s eased, leaving the …
