Top 10 for the Past Week | 1. | Ex-Marsh Executives, Convictions Tossed, Sue for Bonuses
NATIONAL Oct 28, 2010 -- Two former Marsh & McLennan Cos. executives, whose criminal convictions in an insurance bid-rigging scheme were thrown out, sued their former employer, accusing it of depriving them of stock bonuses and severance. In a lawsuit filed on Wednesday in Manhattan federal ... | | 2. | Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions
NATIONAL Oct 25, 2010 -- A New York judge held former American International Group Inc. Chief Executive Maurice "Hank'' Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice ... | | 3. | High Unemployment Rate a Drag on Workers' Compensation Insurers
NATIONAL Oct 25, 2010 -- The weak outlook for U.S. employment could hurt insurers that cover work-related injuries. Persistently high unemployment translates to fewer workers to cover, which cuts into revenue. And workers compensation providers face higher payouts because claiming workers are ... | | 4. | P/C Executives Encouraged to Be Optimistic Amid America's Challenges
NATIONAL Oct 25, 2010 -- An executive of a national insurance company trade group told insurance CEOs and senior executives that America faces a struggle between two competing visions for the future – a choice between a free market system and an expanded federal government. David A. ... | | 5. | Analysts Watching How Insurers Handle Low Interest Rates, Pricing
NATIONAL Oct 26, 2010 -- Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks -- depressed interest rates that could dampen investment income in coming years and ti | | 6. | Possible Successors to AIG's Benmosche
NATIONAL Oct 26, 2010 -- Bailed-out insurer American International Group said on Monday that Chief Executive Robert Benmosche has cancer and is undergoing aggressive chemotherapy. AIG said Benmosche intends to work a full schedule during his treatment, but it is also making contingency ... | | 7. | AIG CEO Benmosche Battling Cancer
NATIONAL Oct 26, 2010 -- American International Group Inc. Chief Executive Robert Benmosche appears to be taking on one of the toughest battles of his life in his inimitable scrappy style. AIG said Monday that its 66-year-old CEO had cancer and was undergoing "aggressive ... | | 8. | New Jersey to Cite Drivers for Ice and Snow on Cars
EAST Oct 25, 2010 -- New Jersey drivers are now required to remove ice and snow from their vehicles under a new law that has gone into effect. The law, passed last October, authorizes fines and citations for drivers who fail to clean | | 9. | Nationwide Tops List of Least-Complained About Insurers in New York
EAST Oct 26, 2010 -- Insurer Nationwide is the least-complained about personal auto insurer in New York's $10 billion auto insurance market, according to newly released ranking of 167 companies by the state's Insurance Department. Long Island Insurance Company ranks worst among insurers ... | | 10. | Mississippi Executive Wins $103 Million in Lawsuit Against Lawyer
SOUTHEAST Oct 28, 2010 -- A Mississippi businessman has been awarded $103 million in a lawsuit against the Chicago-based law firm that he accused of defrauding his oil and gas business. Lavon Evans Jr. filed the lawsuit in Jones County Circuit Court in Mississippi in 2008. It sought $150 million ... | Popular Videos | |
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