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You've Been Served
About 20 carriers write cyber liability insurance, Grimes estimated. Businesses and organizations that automate and turn to electronic communications pick up swaths of new ...
Source: Best's Review   Date: February 1, 2011
AIG to Pay $146.5 Million to Settle State Allegations of Under Reporting Workers' Comp Premiums
Pratter said in a statement. "AIG will pay a significant penalty, $100 million divided among the participating states, to resolve violations of insurance laws. This reflects the ...
Source: BestWire   Date: December 23, 2010
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Changing Plans
Employee matches have not yet returned to past levels. But well-managed companies, focused on the horizon, have many reasons to be optimistic, given the continued push in ...
Source: Best's Review   Date: December 1, 2010
Last Former Executive in Gen Re-AIG Finite Reinsurance Deal Scheduled for Sentencing
American International Group Inc. is scheduled to be sentenced next month. Richard Napier, a former Gen Re senior vice president, testified for the government that the defendants ...
Source: BestWire   Date: August 20, 2009
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In Ireland, Growing Economic Uncertainty Gives Pause to a Tiger
European Union countries. But now, like everyone else, the Irish are looking at the prospect of harder times. They are worried about how they will fare in the face of increases in ...
Source: BestWire   Date: July 28, 2008
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AIG Subsidiary Gets Beijing License
Insurance Company China Ltd., has been granted approval by the China Insurance Regulatory Commission to establish a branch in Beijing. According to AIG, the new branch marks the ...
Source: BestWire   Date: July 8, 2008
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Regulation Among Topics for Annual U.K. Risk Managers Conference
When members of the U.K. Association of Insurance and Risk Managers gather for their two-day annual conference in Edinburgh in Scotland on June 17, regulation will not be far from ...
Source: BestWire   Date: June 9, 2008
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U.K. Regulator Fines AIG Unit for Call Center Lapses
American International Group Inc. (NYSE: AIG). UNAT, the FSA said, sold personal accident cover through nine call centers. The policies were underwritten within the AIG group. The ...
Source: BestWire   Date: May 21, 2008
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Spitzer May be Gone, But His Work Still Has Lift in Europe
Insurance executives know Spitzer's story well. Through his investigations of insurance broker compensation practices and some of the more arcane accounting methods of ...
Source: BestWire   Date: March 17, 2008
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Middle East Facing Skills Shortage, Claims Chartered Insurance Institute
Aon and American International Group. The main driver for the growth is the fact that the region's nations are starting to look at what's going to happen to their economies once ...
Source: BestWire   Date: January 28, 2008
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Greenberg's C.V. Starr to Evaluate Stake in AIG
American International Group Inc.'s stock, said it has hired a firm to review its stake in the giant insurance company. C.V. Starr is controlled by Maurice R. Greenberg, the former ...
Source: BestWire   Date: January 18, 2008
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Defendants in Finite Re Trial Say Government Can't Blame Them For AIG's Accounting
International Group accounted for a so-called finite reinsurance deal. And one defendant, Christian Milton, who was vice president of reinsurance at AIG, said he was deceived by ...
Source: BestWire   Date: January 8, 2008
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AIG Gets Retail Life Insurance License in Qatar
American International Group Inc. life insurance subsidiary won a license to operate a retail life business in the Persian Gulf state of Qatar. According to AIG, its American Life ...
Source: BestWire   Date: December 7, 2007
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Broker Marsh, AIG and Two Other Insurers in Ohio Bid-Rigging Suit
Ohio suit are American International Group Inc., Ace Ltd., Chubb Corp., and Hartford Financial Services Group. Most recently, Hartford reached an agreement with regulators in New ...
Source: BestWire   Date: August 28, 2007
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Man on a Mission: N.Y. Regulator Dinallo Pushes for Results
Topps Wacky Packages stickers hanging above. Despite an amiable demeanor that says, "best college buddy," Dinallo is a razor-sharp former prosecutor whose ambition is to push New ...
Source: BestWire   Date: June 18, 2007
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AIG’s Sullivan Warns a Confident Industry to Maintain Focus
Insurance Brokers Association's annual conference by Martin J. Sullivan, president and chief executive officer of American International Group Inc. Underwriting discipline, ...
Source: BestWire   Date: May 24, 2007
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Marsh: Softening Market Lowers Coverage Costs for European Food, Beverage Companies
European food and beverage sector, according to broker Marsh Ltd. Over the past two years, the "price of limits" has fallen by almost 30%, Marsh said in a report titled "Managing ...
Source: BestWire   Date: November 29, 2006
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Lloyd’s Insurer Ascot to Open Office in Singapore
This will be Ascot's first non-U.K. operation. Scott Stewart, recently managing director of energy and industry risks in Singapore for broker Jardine Lloyd Thompson Group plc ...
Source: BestWire   Date: November 15, 2006
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SEC Delays Action on Shareholder Proxy Rules
Originally slated for an Oct. 18 open hearing, the proposed changes to Rule 14a-8 under the Securities Exchange Act of 1934 instead will be aired during a Dec. 13 meeting of the ...
Source: BestWire   Date: October 17, 2006
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AIG to Refund $13.7 Million in Terrorism Premiums in Florida
American International Group has agreed to pay $14 million to settle allegations that it overcharged Florida policyholders for terrorism insurance coverage. The state's insurance ...
Source: BestWire   Date: September 27, 2006
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