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Daredevil CEOs may put their companies at risk

BOSTON (Reuters)—The death of Micron Technology Inc. chief executive Steve Appleton in the crash of an experimental plane is raising fresh questions about what a company should disclose to investors when a senior executive has a high-risk hobby.

Dutch shareholder group sues Deloitte over Ahold fraud

AMSTERDAM—Dutch shareholders' association VEB said on Wednesday it is suing Deloitte and 178 of its current and former partners for damages over the firm's involvement in Dutch retailer Ahold's multi-billion-euro accounting scandal.

Workers compensation losses contribute to Hartford's 61% drop in net income

HARTFORD, Conn.—Workers compensation loss costs contributed to a 61% drop in net income and an increased combined ratio last year for The Hartford Financial Services Group Inc., the insurer said Tuesday.

Administration rethinks contraceptive mandate for religious-affiliated employers

WASHINGTON—Responding to intense criticism from religious organizations, Obama administration officials say they are considering changes to a health care reform law rule requiring most employers to offer full coverage of prescription contraceptives.

GALLERY: PBGC's biggest losses

If American Airlines terminates its four hugely underfunded pension plans and shifts the promised but unfunded benefit liability to the Pension Benefit Guaranty Corp., it would be the biggest loss in the PBGC's history.

Should the board have a risk committee?

Boards of financial services companies are required to have risk committees, but there can be value in boards of companies in other industries forming risk committees as well.

Integro forms four divisions, reports 21% jump in 2011 revenue

NEW YORK—Integro Ltd. has formed four divisions to better serve its clients, the privately held insurance brokerage said Tuesday.

AIG's Miller named CEO of aircraft manufacturer Hawker Beechcraft

WICHITA, Kan.—American International Group Inc. Chairman Robert S. “Steve” Miller will become CEO of Hawker Beechcraft Inc., effective Tuesday, Hawker Beechcraft announced Tuesday.

PartnerRe, Aspen cite catastrophes for 2011 losses

PEMBROKE, Bermuda—Last year's record catastrophe toll on reinsurers continues to unfold, with two Bermuda-based underwriters reporting losses for 2011.

Commenting period on proposed disability rule extended

WASHINGTON—The U.S. Department of Labor’s Office of Federal Contract Compliance has agreed to requests and granted a 14-day extension for comments on its proposed disability rule, the office said Tuesday.