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Florida Workers' Comp Rate on Target For 8.9% Hike
Compensation Insurance until Oct. 31 to resolve issues that are secondary to the overall 8.9% increase that would affect some 600 employment classifications. While McCarty ...
Source: BestWire   Date: October 25, 2011
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Benmosche: Piloting AIG to Success Can't Involve Second Guesses
Hudson River when both engines died. The flight simulator was set up so Benmosche, president and chief executive officer of AIG, was flying the plane above New York City when both ...
Source: BestWire   Date: June 8, 2011
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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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Financial System's Regulatory Rewrite Becomes Law
American International Group Inc.'s financial products division. "Firms like AIG placed massive risky bets with borrowed money," he said, adding that this act will "put a stop to ...
Source: BestWire   Date: July 21, 2010
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Greenberg Seeks to Dismiss N.Y. AG's Civil Case
General Reinsurance Corp. that boosted AIG's loss reserves without any actual transfer of risk and transactions with Capco Reinsurance Co. Ltd., a special purpose entity AIG ...
Source: BestWire   Date: April 13, 2010
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Insurers Seek New Growth Outlets in Taiwan's Saturated Market
Celent in a market report. The market still offers potential for untapped opportunity. As for retirement plans, many Taiwanese are interested in individual annuity products due to ...
Source: BestWire   Date: March 2, 2010
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China's Insurance Market Concludes a Decade of Rapid Evolution
... China National Petroleum Corp. (CNPC), won approval to establish in China in January 2002 and became the first Sino-foreign insurance joint venture to operate insurance business ...
Source: BestWire   Date: January 19, 2010
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After AIG's Stumble, Asia-Pacific Regulators Rethink Cross-Border Strategies
... Asian insurance regulators. Lessons Learned According to the CIRC, the AIG case has brought a series of revelations to regulators, motivating them to strengthen supervision on ...
Source: BestWire   Date: September 15, 2009
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BestWeek: AIG's Near Fall Sends Ripples Through Industry Pricing, Underwriting, Competition
Saturday afternoon, Sept. 13, 2008. From discussions with then-New York Insurance Superintendent Eric Dinallo, Ario knew AIG was headed for ratings downgrades come Monday, but no ...
Source: BestWire   Date: September 4, 2009
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China's Motor Insurers Rev Up the Premiums, But Claims Costs Prove Hard to Control
Jenny Lai, consultant at Towers Perrin. Overall, competition and focus on premium growth have come at the cost of profitability, noted Lai. It is impossible to reckon how ...
Source: BestWire   Date: September 1, 2009
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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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Former MetLife CEO Benmosche to Take Liddy's Place at AIG
American International Group Inc., and will assume that role on Aug. 10 with the retirement of Chairman and CEO Edward M. Liddy. AIG also announced that Paula Rosput Reynolds, vice ...
Source: BestWire   Date: August 4, 2009
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Vietnam Regulator: Insurance Sector to See Double-Digit Growth
Life insurance premiums totaled 10.33 trillion dong. Foreign Influence The opening of the insurance market to foreign companies has increased competition and development for ...
Source: BestWire   Date: July 7, 2009
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Poizner Appoints Special Examiner to Stay in N.Y. for AIG Oversight
The DOI said more than two dozen AIG companies do business in California. According to an AMB credit report of AIG, 13.5% of the company's direct premium writings come from ...
Source: BestWire   Date: June 18, 2009
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Lloyd’s Agency Sees Opening for Third-Party Capital
American International Group Inc. are combining to make Lloyd's more appealing to private capital, according to James Sparrow, chief executive officer of Alpha Insurance Analysts ...
Source: BestWire   Date: June 1, 2009
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Update: Zurich Buy of AIG's 21st Century Gets Regulatory Fast Track
American International Group Inc.'s 21st Century Insurance Cos. to Zurich Financial Services' Farmers Insurance Group will receive an expedited regulatory review that should wrap ...
Source: BestWire   Date: April 17, 2009
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Zurich Buy of AIG's 21st Century Gets Regulatory Fast Track
American International Group Inc.'s 21st Century Insurance Cos. to Zurich Financial Services' Farmers Insurance Group will receive an expedited regulatory review that should wrap ...
Source: BestWire   Date: April 17, 2009
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AIG Unveils New Deal With U.S. Government as it Announces $61.7 Billion 4Q Loss
American International Group Inc. AIG also announced a new deal with the U.S. Treasury and Federal Reserve that will include rasing up to $30 billion in capital by AIG's issuing ...
Source: BestWire   Date: March 2, 2009
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U.K. Fraud Office Launches Probe of AIG Subsidiary
American International Group Inc. that underwrote the credit default swaps commonly cited as central to the problems that led to its bailout by the U.S. government. The ...
Source: BestWire   Date: February 12, 2009
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AIG, Shifting Economics Drive M&A Activity in Asia-Pacific Life Markets
...Pacific region, said Callet. Banking on Mergers The speed of AIG's sales plan for its life assets is still "uncertain," said Callet. The revised repayment terms for the U.S. ...
Source: BestWire   Date: February 10, 2009
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