Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to events that culminated in the $85 …
American International Group, Inc. (AIG) announced that its board of directors has elected Edward M. Liddy as chairman and CEO. Liddy, 62, succeeds Robert B. Willumstad. Stephen F. Bollenbach, who was named lead independent director in June 2008, continues in …
Trucking companies should work harder to enforce that their drivers get rest, and the government should move toward mandating the use of alarm systems to alert exhausted truckers, a federal board recommended. While drivers are ultimately responsible for getting enough …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit rating and insurer financial strength rating on AIG General Insurance (Taiwan) Co. Ltd. (AIG Taiwan), to ‘A’ from ‘A+’. S&P also placed the ratings on CreditWatch with negative implications. …
Two Missouri Department of Transportation workers are being honored for their efforts to save two Illinoisans during a flash flood. Keith Golian and Thomas Ragland recently received the department’s Meritorious Safety Award. On July 25th, Ian Hughes and Garrett Pechenka …
California Insurance Commissioner Steve Poizner, a wealthy Silicon Valley entrepreneur with a centrist political style, took an initial step toward seeking the Republican nomination for governor in 2010. Poizner filed papers with the secretary of state’s office to form an …
In response to consumer inquiries about insurance companies owned by the troubled financial conglomerate, American International Group (AIG), Washington Insurance Commissioner Mike Kreidler issued the following statement to policyholders: “Many policyholders have expressed concerns in light of the recent news …
Hawaii’s Department of Commerce and Consumer Affairs’ (DCCA) Insurance Division announced that the National Council on Compensation Insurance (NCCI) has filed a request for a decrease of 11.6 percent in the workers’ compensation loss costs. The filing would affect premiums …
A public pension fund has sued the chief executive and board of American International Group Inc, accusing them of mismanagement and “grossly imprudent risk taking” that led to the insurer’s $85 billion government rescue this week. The lawsuit was brought …
Atlanta-based Beecher Carlson appointed Craig Nelson senior vice president, focusing on the development and management of accounts in the retail industry from the company’s Denver office. Nelson has 28 years of experience and specializes in large account risk management. Most …
