Business Insurance Breaking News

WTC Captive settles claims from 9/11 responders

NEW YORK—WTC Captive Insurance Co. has reached a multimillion-dollar settlement with more than 10,000 plaintiffs claiming injuries related to events following the Sept. 11, 2001, World Trade Center attack.

House panel to consider health care bill Monday

WASHINGTON (Reuters)—The House of Representatives Budget Committee on Monday will consider a reconciliation bill that Democrats hope will clear the way for final congressional approval of an overhaul of U.S. health care, House Democratic Leader Steny Hoyer, D-Md., said Friday.

Geithner still optimistic about financial reform

WASHINGTON (Reuters)—A day after U.S. Senate bipartisan talks on financial reform collapsed, Treasury Secretary Timothy Geithner sought to revive hope that Congress can still complete a bill to overhaul financial rules.

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Stories From This Week's Issue

Kemper runoff saga nearing conclusion

LONG GROVE, Ill.—Six years after it entered runoff, Kemper Insurance Cos. may be close to the next stage of its ...

AIG to raise $15.5 billion from sale of life insurer

NEW YORK—American International Group Inc. will be better able to focus on its core businesses, including its property/casualty ...

Senate approves another extension of COBRA subsidy

WASHINGTON—Employers will be dealing with COBRA premium subsidy issues for a lot longer if a newly-passed Senate bill receives final ...

Marsh restarts effort to offload Kroll

NEW YORK—Analysts reacted positively to a report last week that Marsh & McLennan Cos. Inc. has put its risk consulting and technology ...

WTC Captive settles with 10,000 cleanup workers

NEW YORK—WTC Captive Insurance Co. last week reached a multimillion-dollar settlement with more than 10,000 workers claiming illness ...

Greenberg testifies on sham deal with Gen Re

NEW YORK—Former American International Group Inc. Chairman and CEO Maurice R. Greenberg testified last week about a sham 2001 ...

Congressman outlines reform prospects

NEW YORK—Dozens of senior risk managers gathered last Monday in New York for the first Risk Management Summit, a two-day networking ...

Technology rings up vulnerabilities

Cyber attacks are lurking around nearly every virtual corner, and the growing use of Internet phone technology could be exposing systems to ...

Quake and storm estimates range from $3B to $12B

Catastrophe modelers last week said insured losses from last month's Windstorm Xynthia in Europe will range from roughly $1 billion to $4 ...

Veteran wholesaler plans new brokerage

DALLAS—Fresh off his two-year noncompete agreement with Crump Group Inc., former CEO Glenn Hargrove is embarking on a new wholesale ...

Online Features


	COBRA questions answered COBRA premium subsidy provisions in the massive economic stimulus law are by far the biggest expansion in the 23-year history of the COBRA health care statute. Jerry Geisel answers frequently asked questions about the premium subsidy.

	Health Care Reform Business Insurance follows U.S. health care reform legislative developments as they happen, along with in-depth reports and other resources. Click here.

	2009 Women to Watch Business Insurance's 2009 Women to Watch feature is our annual attempt to identify women who are doing outstanding work in commercial insurance, risk management, employee benefits and related fields.

	Best Places to Work in Insurance What makes a company a great place to work? In the case of the 33 companies among Business Insurance's 2009 Best Places to Work in Insurance, the answers go well beyond pay and benefits. To see the rankings, go to www.BusinessInsurance.com/bestplaces.

	Business Insurance Webinars & Webcasts Register to view current and archived BI webinars and webcasts to hear expert viewpoints on current issues. Titles include Mental Health Benefits Parity Act: Is Your Health Plan Ready?, Risk Regulation: What Next? and more. Click here.

	Business Insurance's Comings & Goings Stay informed about industry moves and promotions with daily online reporting about job changes in the commercial risk and benefits management industries. Click here to access Business Insurance's Comings & Goings section.

	This Week in Business Insurance This Week in Business Insurance audio podcasts give the stories behind the news as BI editors and reporters discuss the background of their magazine articles on a weekly basis. Choose a podcast.

	BI Euro 100: Europe's top risk managers Business Insurance's Euro 100 supplement is a guide to the European companies with the most successful strategies in handling corporate risks and insurance. A list of European risk management associations is also included.

	AIG Rescue Global insurance giant American International Group Inc. is battling to recover from financial troubles. Stay tuned to BusinessInsurance.com for complete coverage of developments at AIG. Click here for complete coverage.