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Daily NewsFlash : August 20, 2013

Daily NewsFlash
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Tuesday, August 20, 2013

DOJ Appeals Order Requiring Bernanke to Testify in AIG Lawsuit

AIGThe U.S. Justice Department has asked a federal appeals court to overturn a lower court's ruling that Federal Reserve Board Chairman Ben Bernanke must testify in a lawsuit filed by former American International Group Chief Executive Officer Maurice "Hank" Greenberg.

Greenberg's Starr International Co. is suing the ...

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JP Morgan Faces Hiring Inquiry

JP Morgan hiring inquiryUS authorities have opened an investigation into whether JP Morgan Chase & Co hired the children of powerful Chinese officials to help it win business in China, according to the New York Times.

Investment banks have a long history of employing the children of China's politically connecte...

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Fitch: U.S. P/C Industry Loss Reserves Remain Adequate

Fitch reportIn a new report published today, Fitch Ratings concludes based on its analysis of loss reserves that the U.S. property/casualty industry loss reserve position at year-end 2012 remains within a range of adequacy and is relatively unchanged from the prior year.

Low interest rates and low...

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Hurricane Sandy Task Force Urges Better Construction

Hurricane Sandy taskforce

A special task force created after Hurricane Sandy recommends that new construction be built to withstand the force of increasingly dangerous storms, and that existing inf...

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AIG Expands D&O Side A Capacity to $100 Million

Directors & OfficersAmerican International Group, Inc. (AIG) announced that it is now offering globally up to $100 million in limits for Side A Directors and Officers (D&O) liability insurance.

This new capacity from AIG, combined with the insurer's financial strength a...

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Workers' Compensation Benefits, Employer Costs Rise with Economic Recovery

Workers CompAfter declining in the wake of the recession, workers' compensation benefits paid to injured workers and costs borne by employers increased in 2011 as the U.S. economy continued to r...

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Employer Health Coverage Premiums Rise Slowly Again This Year

health insurance premiumsPremiums for employer health coverage rose relatively slowly again this year, but the 4% increase in the cost of a family plan was still enough to push it above the $16,000 mark for the first time, according to a major survey.

The increase, to an annual total of $16,351 from ...

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