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Daily NewsFlash : August 21, 2013

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Wednesday, August 21, 2013

Federal Judge Approves Citi $730 Million Bondholder Settlement

CitiA federal judge has approved a $730 million settlement between Citigroup Inc. and investors in four dozen bond and preferred stock-offerings who had accused the bank of lying about the quality of investments.

The plaintiffs, including the Arkansas Teacher Retirement Systems and Louisiana Sheriffs' Pension and Reli...

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State May Scrutinize Sandy Damage to NJ Transit's Trains

New JerseyState legislative leaders are considering holding a special oversight hearing to find out why NJ Transit ignored its own emergency plan and allowed railcars and locomotives to remain in low-lying areas as Hurricane Sandy approached, resulting in roughly $120 million in damage.

Reacting to a report in The...

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Axis Insurance Services, LLC CEO to Speak at NAI Global Property Management Council Meeting

Axis Insurance ServicesAxis Insurance Services, LLC is proud to announce that its CEO, Mike Smith will be presenting to NAI Global's Property Management Council on September 10th in Miami, FL.

This event attracts nationwide commercial re...

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Towers Watson: Captives Can Help Hospitals, Doctors Manage Changing Risk Landscape

Towers Watson - CaptivesThe Patient Protection and Affordable Care Act is changing the landscape of risk for doctors and hospitals, said John Lochner, a director at Towers Watson and leader of the captive initiative at the firm.

As companies prepare to implement the Affordable Care Act, Lochner described severa...

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Review Chronicles Bloomberg Missteps on Data Use

Bloomberg news data breachesAn outside review of Bloomberg LP's data compliance and news reporting revealed that the financial data and news provider didn't curtail reporters' access to subscriber data...

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Lloyds Risk Index: Cyber Crime is a Top Three Issue for CEOs

Cyber riskCyber risk is one of the three biggest concerns for CEOs and senior executives, according to an Ipsos survey for Lloyds Risk Index 2013.

The study of 580 executives showed that cyber risk increased ...

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Director Werner Herzog's Produces Sobering Documentary on Texting While Driving

Texting while driving documentaryDirector Werner Herzog's sobering new documentary short, "From One Second to the Next," is a hit on the Internet.

The 35-minute film, a cautionary look at the dangers of texting while driving, has racked up nearly 1.75 million views on YouTube since it debuted Aug. 8. ...

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NICB’s Hot Wheels: Popular 10 Most Stolen Vehicles List Gets a Makeover

NICB Hot WheelsThe National Insurance Crime Bureau (NICB) today released an expanded, data-rich version of its popular Hot Wheels report-its list of the 10 most stolen vehicles in the United States. The report examines vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and determines th...

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KKR Taps Former Willis CEO Plumeri to Be Senior Adviser

Joseph PulmeriVeteran finance executive Joseph J. Plumeri, who helped shepherd one of KKR & Co.'s most profitable investments, has joined the New York buyout firm to help turn around another one of its big buyouts.

Mr. Plumeri will be a senior advisor to KKR, he said in an interview. His first assignment wil...

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