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Daily NewsFlash : March 18, 2011


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Friday, March 18, 2011

Marsh: Global Supply Chains to Suffer Extensive Disruption from Japan's Quake

Marsh issued a warning in a press release that echoes what we also reported yesterday: Organizatio... Read More

McRaith Named to Head Federal Insurance Office

Secretary Treasury Geithner on Thursday officially announced that Michael McRaith, director of the Illinois Department of Insurance,... Read More

FDIC Sues Former WaMu Execs and their Spouses

The Federal Deposit Insurance Corp. (FDIC)  is suing three former executives of Washington Mutual Bank and their wives for $900 million.

The Wall Street Journal reported th... Read More

Sources: SEC Heading Toward Charging Fannie & Freddie Execs with Violations

According to sources familiar with the matter, the Washington Post is reporting that the Securities and Exchange Commission (SEC) is moving toward charging former and current Fannie Mae an... Read More

Live to 90+? Hartford's New Life Insurance Innovation Gives You Eight Years or More of Income

In an industry first, The Hartford has developed a new life insurance rider that provides eight years or more of income to someone covered by its policy who lives to age 90 and beyond. Consumers wh... Read More

Sell-off of Life Insurer Shares Eases One Week After Quake

On Thursday, the sell-off of U.S. life insurer shares brought on by the Japan earthquake subsided. And in report, one Wall Street team suggested a possible spike in revenues for companies with a Ja... Read More

AIG: Head of Chartis Not to Receive Full Bonus

Kristian Moor, head of Chartis insurance group, will not be receiving a full bonus due to "underachievement," according to a regulatory filing by American International Group Inc. (AIG). Read More

I.I.I.: Insurance for Nuclear Accidents

The Insurance Information Institute (I.I.I.) released the following regarding nuclear power plants and insurance in light of what is occurring in Japan after being hit with an earthquake and subsequ... Read More

AIA Urges Wisconsin Senate to Pass Bill Reducing Auto Liability Coverage Minimums

The American Insurance Association (AIA) on Thursday urged the Wisconsin State Senate to pass A.B. 4, legislation that would reduce minimum auto insurance liability coverage requirements for Wiscon... Read More



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