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Daily NewsFlash : February 13, 2013

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Wednesday, February 13, 2013

McGraw-Hill Expects to Beat Government's Rating Lawsuit Against S&P

Government's S&P LawsuitStandard & Poor's is prepared to spend years beating back a federal lawsuit that accuses the company of giving falsely high ratings to mortgage investments that helped trigger the financial crisis, executives said Tuesday.

"Rest assured, we will vigorously defend against these...

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President Obama Issues Order to Bolster Cyber-Defenses

Cyber defensePresident Obama issued an executive order Tuesday that seeks to shore up the nation's cyber-defenses by improving how classified information is shared between the government and the owners and operators of crucial inf...

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Asbestos Dispute Between Travelers, Reinsurers to Head Back to Court

Travelers asbestos caseNew York State's highest court has sent a complicated dispute over asbestos claims between Travelers Insurance and its reinsurers back to the trial court.

The New...

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Willis Group Reports Fourth Quarter 2012 Results

Willis profitsWillis Group Holdings plc, the global insurance broker, today reported results for the fourth quarter of 2012 and twelve months ended December 31, 2012. The quarter also marked the culmination of Joe Plumeri's 12 year tenure as CEO and the appointment of Dominic Casserley in that role.

As the

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Banks Delaying Insurance Checks to Sandy Victims

Checks delayed for flood victimsNew York Governor Andrew Cuomo said his administration is working with banks to release nearly $208 million in insurance payments in 6,600 checks already approved and due to victims of Superstorm Sandy.

The insurance company payments must overcome several bureaucrati...

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Marsh & McLennan 4Q Profit Up 1.1% Amid Broad Revenue Growth

MarshMarsh & McLennan Cos.' (MMC) fourth-quarter earnings rose 1.1% as the insurance brokerage reported revenue growth in its risk and insurance business as well as its consulting operations.

The company's insurance and consulting businesses have been a continued source of strength for Marsh & McLennan, as have a s...

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Workers' Comp Tops Oklahoma Small-Business Agenda

Oklahoma Workers CompLt. Gov. Todd Lamb and Oklahoma business leaders rolled out their legislative agenda for small businesses and manufacturers Tuesday, citing workforce development and sweeping changes to the state's

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