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Daily NewsFlash : November 01, 2011

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Tuesday, November 01, 2011

GAO's Investigation Says New York Fed Didn’t Cut Deals on AIG

The findings of a federal investigation released Monday raised new questions about the Federal Reserve Bank of New York’s handling of the 2008 bailout of American International Group. Read More

Corporate Wins in Key Product Liability Trials Could Signal More Victories to Come

A string of courtroom victories by drugmakers in key product-liability trials could be a signal that these and other companies can beat back claims in upcoming cases against them.

AstraZene... Read More

Allstate 3Q Net Income Falls on Increased Disaster Claims

Allstate Corp. said its third-quarter net income fell 55 percent after natural disasters cost the insurer $1.08 billion.

But Allstate said improved investment results and profit in its auto... Read More

CNA Financial Posts 3Q Profit, Reverses 2010 Loss

Chicago-based commercial insurer CNA Financial Corp. on Monday posted a third-quarter profit, reversing a loss last year when it sold off asbestos and pollution risks at a loss.

But wit...
Read More

Chubb Helps Protect In-House Attorneys from Allegations of Malpractice

A new policy from the Chubb Group of Insurance Companies helps protect the personal assets of in-house attorneys.

Employed Lawyers Professional Liability by ChubbSM offers in-house attorney... Read More

Argo Insurance Announces Partnership on Landscape and Arborist Program

Argo Insurance, a member of Argo Group International Holdings, Ltd., announced today it will offer a landscape and arborist program through its Commercial Programs unit in partnership with First Ca... Read More

Program Business Market Hits $17.5 Billion in Gross Written Premiums

The Target Markets Program Administrators Association (TMPAA) released the report and results of its research to document the size, characteristics, growth and other base-line information about the... Read More

High Fatality Rate Found for Low-Cost Buses

The low-cost bus industry, which has revolutionized transportation for students and other budget-conscious travelers, has racked up an alarmingly high number of fatal accidents and safety violation... Read More

Validus Extends Tender Offer Expiration for Transatlantic

Validus Holdings, Ltd. today announced that it has extended its Exchange Offer for all of the outstanding shares of common stock of Transatlantic to 5:00 p.m., Eastern time, on Friday, November 25,... Read More

Fund to Pay for Early Retirees' Health Insurance Running Out

A $5 billion fund created as part of the health-care overhaul to pay for health insurance for early retirees will run out of money by September 2012, according to a federal report released Monday.<... Read More


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