The board of directors of American International Group, Inc. has elected Fred H. Langhammer and Robert B. Willumstad as directors. Langhammer served was chief executive officer of The Estée Lauder Companies Inc. from 1999 to 2004, and was president and …
American International Group, Inc. (AIG) has announced that Donald P. Kanak, executive vice chairman and chief operating officer, has resigned from the company, effective January 31, for personal reasons. Kanak has also resigned from the AIG board of directors with …
The Arkansas Insurance Department issued Bulletin No. 1-2006 to remind insurers and other insurance professionals of their responsibility to protect their customers’ personal information. According to the department, the purpose of Act 1526 of 2005 (“Act”), codified as Ark. Code …
Southwestern Insurance Information Service and the Texas Civil Justice League announced a candidate forum, Feb. 15, 2006, that will feature candidates seeking seats on the Texas Supreme Court and Third Court of Appeals. The forum will be held from 11:30 …
A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) of Louisiana Farm Bureau Mutual Insurance Company (LFB) (Baton Rouge, La.). The rating has been removed from under review and assigned a negative outlook. …
Matthew Muller, 35, a resident of Akron, Ohio was sentenced to a year in prison for insurance fraud for burying his dead BMW and collecting $20,000 for the car he reported stolen. The car had been buried by Muller in …
A new service from ISO’s LOCATION geographic information system is now available to help insurers better manage their exposure to natural catastrophes for more profitable underwriting decisions. Developed by AIR Worldwide Corporation (AIR), ISO’s catastrophe modeling subsidiary, Natural Catastrophe Service …
A.M. Best Co. has assigned a financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” to the newly formed Praetorian Financial Group (Praetorian) (Wilmington, Del.) and its property/casualty members. Concurrently, A.M. Best has affirmed the …
Usually snow and ice are the culprits this time of year in the Northeast for problems with the weather. Wednesday, though, proved to be Mother Nature offering a different problem for residents. Winds, in some cases exceeding 60 mph, blew …
Attorney General Charlie Crist has issued a consumer alert cautioning Floridians against buying used vehicles that may have been flood-damaged by Hurricanes Katrina, Rita and Wilma. As many as 600,000 vehicles throughout Louisiana, Mississippi, Alabama and Florida may have been …
