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Yesterday AIG filed a third restatement of earnings back to 2000, which followed internal accounting probes after investigators uncovered what they said was fraudulent accounting. The company reported
Washington--The House Financial Services Committee approved legislation establishing a national standard for customer data security yesterday with modifications designed to make it more palatable for i
Speaking at the Chartered Property Casualty Underwriters Society reinsurance forum yesterday in Philadelphia, the chief operating officer of a small mutual casualty company said that engineering a maj
American International Group, Inc. yesterday reported that 2005 fourth quarter net income fell by 72.5 percent, driven down by a $1.15 billion charge to settle accounting infractions and $1.82 billion
The Premium Tax Reduction Bill (HB 678) sponsored by Rep. Kevin L. Camm, R-E. Hampstead, was approved last week by the House Ways and Means Committee by a 15-2 vote after several hours of debate over
Speaking at the Chartered Property Casualty Underwriters Society reinsurance forum yesterday in Philadelphia, the chief operating officer of a small mutual casualty company said that engineering a maj
SunGard has acquired Dataware Solutions, Inc., which provides automated personal trading, code of ethics, and employee compliance solutions to financial institutions. Dataware Solutions will become
The company noted it has been in business for 100 years, covering large internationally-traded businesses with specialty insurance. Hiscox said that its professional liability offerings to small and
He said the NAIC will send the material to the U.S. Treasury Department for consideration by the Presidential Working Group on Financial Markets in Washington, which is expected to issue a report at t
The committee passed the measure by a voice vote after rejecting a proposed amendment by Rep. Jeb Hensearling, R-Texas. That proposal, voted down 44 to 10, would have immediately ended the subsidized
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