Breaking news for June 23, 2009Aon placed property cover for crashed D.C. trainsPosted on June 23, 2009 4:55 p.m. CENTRAL WASHINGTON—Aon Corp. placed the property coverage for Washington Metropolitan Area Transit Authority, which operated mass transit trains that collided Monday, the Chicago-based brokerage confirmed Tuesday. » AIG names exec to manage asset salesPosted on June 23, 2009 4:40 p.m. CENTRAL NEW YORK—American International Group Inc. named a new executive to its restructuring team Tuesday, appointing former Banc of America Securities L.L.C. executive Alain Karaoglan as senior vp of divestiture. » 401(k) fees bill to include pension funding reliefPosted on June 23, 2009 4:30 p.m. CENTRAL WASHINGTON—The House Education and Labor Committee plans to add modest funding relief for defined benefit pension plans to a 401(k) plan fee disclosure bill scheduled for a vote Wednesday. » Brit withdraws Chaucer offer; Chaucer CEO, CFO leavingPosted on June 23, 2009 4:02 p.m. CENTRAL LONDON—Brit Insurance Holdings P.L.C. said Tuesday it has withdrawn its offer for Chaucer Holdings P.L.C., less than two weeks after confirming its desire to acquire the fellow U.K. insurer. » Delaying action on health reform will be costly: ObamaPosted on June 23, 2009 3:19 p.m. CENTRAL WASHINGTON—Continuing to make the case for health care reform legislation, President Obama warned Tuesday that failure to act will exacerbate problems. » Hannover Re puts Air France crash claims at $34.9 millionPosted on June 23, 2009 1:35 p.m. CENTRAL FRANKFURT (Reuters)—Hannover Re A.G. expects net damage claims of 25 million euros ($34.9 million) linked to the June 1 crash of an Air France plane in which 228 people died, Hannover Re said Tuesday. » Litigation fears push D&O limits higher: AIRMIC surveyPosted on June 23, 2009 12:20 p.m. CENTRAL LONDON—Rising fears of shareholder litigation have prompted members of the Assn. of Insurance and Risk Managers to purchase large directors and officers liability coverage limits, a survey concludes. » AIG to sell New York buildings for $150 million: SourcePosted on June 23, 2009 12:05 p.m. CENTRAL NEW YORK (Reuters)—American International Group Inc. has agreed to sell two downtown Manhattan buildings, including its headquarters, for a total of $150 million, a source familiar with the matter said. » Ohio questions workers comp liabilities in GM salePosted on June 23, 2009 11:49 a.m. CENTRAL NEW YORK—Ohio Attorney General Richard Cordray has filed four objections to the pending sale of General Motors Corp. » Countries must commit to pension reforms: OECDPosted on June 23, 2009 11:44 a.m. CENTRAL LONDON (Reuters)—Governments must continue with their pension reforms in spite of the financial strains posed by the current recession, the Organisation for Economic Co-operation and Development said Tuesday. » |
