Latest PwC Headlines

All the headlines from our PwC Topic Page, ordered by recency.

PwC: Climate Change Is Risk and Business Opportunity

Oct 15 2014 // Competition and regulation push companies to take action to protect themselves from the effects of climate change, not climate science, Jon Williams, partner at global consultancy firm PwC told the Reuters Global Climate...

Accountants to Face Malpractice Claims in Alabama’s Colonial Bancorp Failure

Sep 11 2014 // Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a...

Advice to Bankrupt MF Global Could Cost Accounting Firm $1 Billion

Aug 28 2014 // A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd., a...

Judge Allows $1B Malpractice Claim Against PwC Over MF Global Collapse

Jul 11 2014 // A federal judge on Wednesday rejected PricewaterhouseCoopers’ request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 collapse of MF Global...

Troubled Tower Cuts Ties with PwC; Fitch Withdraws Ratings

May 15 2014 // Tower Group International has fired PricewaterhouseCoopers as its accounting firm, six months after announcing it would restate previously filed financial statements for 2011 and 2012 due to “inadvertent...

Urbanization, Mobility, Gridlock and Predictions of ‘Peak Car’

Feb 24 2014 // The world that Henry Ford put on wheels is poised for a stall.In the globe’s growing megacities, pollution and gridlock are putting a damper on driving. In India, some commuters are leaving their cars at home to...

RSA Fires Executives as PwC Probe Reveals Inaccurate Reporting

Jan 9 2014 // RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers at the division resulted in inaccurate financial reporting.RSA Ireland...

In Connecticut, Number of Insurance Sector Employees Fell Slightly in 2012: Report

Nov 21 2013 // A report this month from Connecticut’s Insurance & Financial Services (IFS) Cluster and PwC shows there was a slight decline in the number of insurance sector employees in Connecticut last year, primarily due to...

PwC Names Managing Director for Forensic Services Practice in Atlanta

Oct 10 2013 // Consulting firm PwC US announced that Alice V. Edwards has joined the firm as managing director for the Forensic Services practice in the Atlanta office. Edwards previously worked with forensic accounting services firm...

PwC US Names Managing Director for Actuarial and Insurance Management in N.Y.

Sep 11 2013 // PricewaterhouseCoopers US (PwC US) announced that Henry Essert joined PwC’s Actuarial and Insurance Management Solutions (AIMS) practice as a managing director in its New York office. In his new role, Essert will...

Securities Lawsuits Declined 10% in 2012; Future Trend Unclear: PwC

Apr 16 2013 // Federal securities class action filings in 2012 decreased by about 10 percent from 2011. There were 172 cases in 2012, compared to 191 cases in 2011, according to consultant PwC US in its annual securities litigation...

Despite Uncertainty, Momentum Building for M&As in 2013: PwC

Feb 21 2013 // While 2012 was a flat year for financial services mergers and acquisitions (M&A) overall, there was a surge in the fourth quarter and there is reason to think activity will pick up in 2013, according to a new...

Challenges, Opportunities of Health Exchanges, New Insureds

Oct 2 2012 // The 12 million Americans expected to begin enrollment in health insurance exchanges next year represent a customer base of new insureds with a demographic profile and health needs that differ from those of the current...

PwC, CBI Survey Finds, Growth ‘Modest Optimism’ in UK Financial Services

Apr 2 2012 // A new survey, released by PricewaterhouseCoopers LLP (PwC) and the Confederation of British Industry (CBI) highlights an “unexpected rise in employment,” as well as growth and “modest optimism” in...

Former AIG Employee Sues Accounting Firm, Board Over Audits

Jan 5 2011 // A former employee of American International Group has filed a lawsuit claiming that PricewaterhouseCoopers was negligent in its audits of AIG and that the board of the bailed-out insurer failed to pursue a claim against...

One Thing Is Certain for Insurance Industry in Near Term: Uncertainty

Dec 8 2009 // The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the...

AIG Elects New Directors; Few Air Grievances at Annual Meeting

Jul 1 2009 // American International Group Inc. got a new slate of government-backed directors at a subdued annual meeting on Tuesday, effectively revamping its board after the insurer’s $180 billion taxpayer bailout.The meeting...

PricewaterhouseCoopers Survey Raises Questions on Enterprise Risk Management

Jul 2 2008 // A new survey, released by PricewaterhouseCoopers (PWC) London office, notes that although significant progress has been made by the insurance industry in adopting enterprise risk management (ERM) techniques, questions...

Insurance company run-off management strategies face obstacles

Feb 26 2007 // The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC) Insurance Restructuring Group. The “US Discontinued...

News Currents

Feb 25 2007 // Insurance company run-off management strategies face obstaclesThe U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC)...