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Daily NewsFlash : May 14, 2013


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Tuesday, May 14, 2013

Former Governors Mario Cuomo and George Pataki Want NY AG to Stop Pursuing Greenberg

Hank GreenbergNew York Attorney General Eric Schniederman's effort to punish ex-American International Group Inc. chief Hank Greenberg is "morally wrong," say two one-time bitter political rivals, former governors Mario Cuomo and George Pataki, in a co-authored op-ed in Monday's Wall Street Journal.

In late April...

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Global Manufacturers Lack Supply Chain Visibility Beyond Tier 1 Suppliers, Sourcing Closer to Market a Priority: KPMG Study

KPMGGlobal manufacturers are putting their supply chains at the center of their business strategies to serve as the foundation for operational efficiency and collaborative innovation, according to KPMG's fourth annual Global Manufacturing Outlook - Competitive Advantage- Enhancing Supply Chain Networks for ...

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FEATURE: Leveraging the Professional Liability Expertise, Wide Range of Markets and Programs of Tennant Risk Services

Tennant Risk ServicesThis week in Backstory we're featuring our Storefront, Tennant Risk Services, a national wholesale insurance broker and underwriting manager that specializes in placing professional liability and specialty coverage. We spoke with

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Fitch Update: Medical Professional Liability Insurance Profits Strong But Deteriorating

Fitch Ratings and MPLIU.S. Medical Professional Liability Insurance (MPLI) was one of the most profitable lines of business for the past five years posting an average calendar year combined rati...

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Leading Insurance Wholesaler PBC Expands Professional Liability Team

PBCProgram Brokerage Corporation (PBC), a leading wholesale insurance brokerage firm, announced today that LuAnn Penzavecchia has joined the organization as Assistant Vice President; responsible for overseeing the renewal book of business for all...

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S&P Warns Credit-Rating Proposal Could Create New Conflicts

S&PStandard & Poor's Ratings Services President Douglas Peterson said Tuesday that a proposal to upend the credit-rating firms' business model would create new conflicts of interest and disrupt financial markets.

Mr. Peterson told Securities and Exchange Commission commissioners, debt-issuers and oth...

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Rebuilding After Sandy, But to Costly New Rules

Sandy rebuildingIt's been more than six months since Hurricane Sandy hit the East Coast, yet many people whose homes were ravaged by the storm still do not know how to put all the pieces back together.

By now, most know how much insurance money they have to work with, though plenty of people are still s...

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