View photosMore BEIJING (AP) — The Chinese insurer that owns New York City's Waldorf Astoria Hotel said Wednesday its chairman has turned over his duties to other executives following a report he was detained by regulators amid accusations of possible financial misconduct. Anbang Insurance Group Ltd. Chairman Wu Xiaohui was "temporarily unable to perform his duties due to personal reasons," said a one-sentence statement on the company website. It said Wu had authorized other executives to do...

BEIJING – The Chinese insurer that owns New York City's Waldorf Astoria Hotel said Wednesday its chairman was "unable" to do his job following a report he was detained by regulators amid accusations of possible financial misconduct. Anbang Insurance Group Ltd. Chairman Wu Xiaohui was "temporarily unable to perform his duties due to personal reasons," said a one-sentence statement on the company website. It said Wu had authorized other executives to do his work and gave no other details. On...