Court Refuses To Delay BofA, Merrill Settlement Case
(Reuters) - A federal judge in New York on Monday refused to delay the approval process for a controversial $20 million settlement between Bank of America Corp (BAC.N) directors and shareholders who accused the bank of overpaying for Merrill Lynch & Co. [...]
Ally Not Looking To Sell U.S. Auto Lending: CEO
(Reuters) - Ally Financial is "absolutely not" looking to sell its core U.S. auto lending business as it seeks ways to pay back $12 billion it owes to U.S. taxpayers after a government-funded bailout during the financial crisis, the company's CEO said Tuesday. [...]
Target Markets Announces 2nd Annual “State of Program Business” Research Project
Wilmington, DE—The Target Markets Program Administrators Association (TMPAA) announced it will repeat its ground- breaking research about the program insurance market. The initial “The State of Program Business Study,” completed last year, pegged the size of the program business market at more than $17.5 billion in gross written premiums. The 2012 Study will be sponsored by Association Members Scottsdale Insurance Company and Western Heritage Insurance Company. [...]
French Banks Seen Cutting Thousands More Jobs
PARIS, May 15 (Reuters) - France's biggest banks are likely to cut thousands more jobs, catching up with European rivals as they grapple with a slowing economy, weak capital markets and a looming regulatory clampdown by new Socialist president Francois Hollande. [...]
Best’s Review Webinar Examines Catastrophes and How Insurers are Re-Evaluating Risk Criteria
OLDWICK, N.J.--(BUSINESS WIRE)--New catastrophe models, research and data are advancing insurers’ understanding of the risks they face from natural and man-made catastrophes. A panel of experts will discuss recent catastrophes, catastrophe forecasts and how record losses have insurers crafting new policy options and re-evaluating their risk criteria. The live, one-hour webinar is scheduled for Tuesday, May 22, at 1 p.m. EDT. [...]
New Resource Helps Evaluate Retirement Plan Fees
DES MOINES, Iowa--(BUSINESS WIRE)--With the deadline for new retirement plan disclosure regulations just around the corner, 89 percent of financial professionals1 say their plan sponsor clients would value more education about plan fees. [...]
Winter Storms Weather British Households
CHESTER, England, May 15, 2012 /PRNewswire/ -- Weather related buildings insurance claims increase by 56 per cent during Winter 2011 [...]
IRMI Has Published A Complimentary Directory Of Risk Management And Insurance Programs At U.S. Colleges And Universities.
DALLAS, TX, May 9, 2012—International Risk Management Institute, Inc. (IRMI), is pleased to provide the Directory of Risk Management and Insurance Programs at U.S. Colleges and Universities at no charge. [...]
NJ Auto Insurance Group Plymouth Rock Collaborates with the NJ Department of Banking and Insurance and the Office of the Insurance Fraud Prosecutor on Trending Fraud Issues
RED BANK, N.J., May 15, 2012 /PRNewswire/ -- In a recent collaborative effort, the private and public sectors joined forces when auto insurance group Plymouth Rock Assurance, partnered with NJ state officials to present, "New Jersey Law Enforcement Training," in Hamilton, NJ. Exhibited by members of the Plymouth Rock Claims and Legal Departments, the training focused on educating law enforcement personnel on the growing state-wide insurance fraud epidemic and systemic abuse related to Personal Injury Protection (PIP). [...]
Don't Fall Prey to a Handbag Thief
One in four women carry a designer bag leaving them at risk of losing £450+ One in ten UK women say they have taken action to prevent an opportunist thief from stealing a handbag, according to a new survey by Allianz Your Cover. [...]
CSE Insurance Group Awards Teachers for Teacher Appreciation Week
WALNUT CREEK, Calif.--(BUSINESS WIRE)--CSE Insurance Group (cseinsurance.com), a leader in providing civil service employees with quality protection at affordable rates, is excited to announce the winners of their 2012 Teacher Appreciation Week contest. [...]
Ironshore Canada Ltd. Announces Capacity Increase To $25 Million For Specialty Casualty Lines
Hamilton, Bermuda, May 14, 2012 – Ironshore Canada Ltd., a subsidiary of Ironshore International based out of London, has announced an increase in capacity to $25 million for its Specialty Casualty Lines. Ironshore Canada Specialty Casualty provides comprehensive insurance coverages for specialty liability risks as part of the Ironshore group of companies. [...]
MedRisk’s Expert Clinical Benchmarks Hosts International Scientific Advisory Board Meeting
KING OF PRUSSIA, PA (May 14, 2012) — Top clinicians from around the world recently gathered at Amelia Island, Fla., as Expert Clinical Benchmarks (ECB), MedRisk’s research and academic subsidiary, held its annual International Scientific Advisory Board (ISAB) meeting, May 4-6. [...]
Coastal Risk Underwriters Expands its Homeowners Products into Virginia
New York, NY, May 15, 2012 – Coastal Risk Underwriters (CRU), a member company of Insight Catastrophe Group, today announced a further expansion of its underwriting activities. CRU is offering a Preferred Homeowners Program on behalf of Occidental Fire & Casualty Company of North Carolina, rated A- by A.M. Best Company. The program provides coverage for a broad range of risks throughout the state, bringing much needed capacity to the state’s underserved catastrophe-exposed areas. [...]
FBI Launches Jpmorgan Probe, Shareholders Back Dimon
(Reuters) - The FBI has opened an inquiry into the multibillion-dollar trading losses at JPMorgan Chase, stepping up pressure on the bank after key U.S. agencies said they were looking into high-risk trades that first drew regulators' attention last month. [...]
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