Citigroup Inc., Bank of America Corp. and AIG are forging new employment contracts that let them void compensation agreements if they are challenged by the U.S. government, according to a person familiar with some recent contracts. According to excerpts of …
Hurricane Bill brought rain and heavy winds to eastern Canada Sunday after pounding the U.S. East Coast with heavy seas that killed two people. A seven-year-old girl died in a hospital after she was pulled unresponsive from the sea by …
One of the most widely accepted arguments against a government medical plan for the middle class is that it would quash competition — just what private insurers seem to be doing themselves in many parts of the U.S. Several studies …
Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be drunk drivers, robbers, forgers, possibly even rapists. They got their producer licenses in states that did not ask them for their …
At an event today kicking off a nationwide anti-drunk driving enforcement campaign, U.S. Transportation Secretary Ray LaHood released a new study by the National Highway Traffic Safety Administration (NHTSA) that shows an increasing trend among women driving under the influence …
The ACE Group announced that it has appointed Yancy J. Molnar as Vice President for International Government Affairs. His role consists of assisting in “developing and implementing government affairs activities to support ACE’s global insurance and reinsurance operations,” said the …
Michigan insurance companies say that so-called “bad faith” bills approved by the House Insurance Committee today are unnecessary and will open the floodgates for lawsuits against them, eventually costing consumers money. Meanwhile, House Democrats who are sponsors of the “bad …
American International Group Inc., the insurer that received billions of dollars in a U.S. bailout, said on Monday that it will pay newly-appointed Chief Executive Robert Benmosche an annual salary of $7 million. In a filing with the U.S. Securities …
Wall Street’s top cop has a lot to prove and it’s been taking no prisoners. After enduring a thorough thrashing for its supervision of the now-defunct Bear Stearns and missing Bernard Madoff’s $65 billion fraud, the Securities and Exchange Commission …
The government-run health insurance option favored by President Barack Obama is not essential to a healthcare overhaul as long as the final measure boosts competition, a top U.S. health official said Sunday. Health and Human Services Secretary Kathleen Sebelius said …
