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Daily NewsFlash : March 19, 2013

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Tuesday, March 19, 2013

Citigroup to Pay $730 Million to Settle Class-Action Suit by Investors

Citigroup class action suitCitigroup Inc. (C) has agreed to pay $730 million to settle a class action brought on behalf of investors who were allegedly misled by the bank's disclosures.

The investors bought Citigroup debt and...

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Supreme Court to Hear Age-Bias Case

Supreme Court and age-bias caseThe U.S. Supreme Court agreed Monday to decide whether state and local public employees may file age-bias lawsuits on constitutional grounds.

Illinois officials told the high court ...

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Multi-Industry Group Opposes National Catastrophe Fund Bill

Cat fund billA bill introduced in the U.S. House of Representatives that would create a national catastrophe fund is facing opposition from a coalition of insurance, environmental and taxpayer advocates.

HR 1101 would create a privately funded national catastrophe fund designed to respond to large-scale

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EBRI’s 2013 Retirement Confidence Survey: Perceived Savings Needs Outpace Reality for Many

Retirement surveyAmerican's confidence in their ability to afford a comfortable retirement remains low -- which may reflect a growing awareness of the savings realities ahead, according to the 23rd Retirement Confidence Survey (RCS), the longest running survey of its kind.

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Banning Work from Home Programs Not One-Size-Fits-All: Aon Hewitt

Work at HomeWhile the number of organizations offering virtual work arrangements has increased from 35 to 45 percent over the past few years, a few notable companies have recently gone against the trend and banned working from home policies. These moves may lead more employers to reevaluate their own flexible

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Louisiana Tops State Rankings of Car Insurance Rates

Car insurance ratesDriving a Mercedes-Benz CL65 AMG coupe in Oregon will inflict the most painful car insurance bill possible in the nation - more than any other vehicle or state of residence - with an average annual premium of $5,867, and that's for a driver with a clean record.

Driving a Toyota Tacoma...

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Hannover Re Completes Its Conversion to an SE

Hannover ReHannover Re has completed its conversion to a European Company, Societas Europaea (SE). With the entry in the commercial register of Hannover County Court the transformation to the new legal form came into effect today. The company thus bears the name Hannover Rück SE. The company's registered office conti...

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