Risk Management Solutions has appointed Philippe Stephan chief technology officer (CTO). Stephan has more than 20 years’ experience in software development and will apply his technology and leadership skills to the field of advanced analytic applications, driving the architectural design …
The nation’s insurance regulators are again telling policyholders of American International Group (AIG) that the insurance company is able to meet its obligations to them despite ongoing controversy surrounding the parent company. “In uncertain times, making correctly informed financial decisions …
North Carolina officials have arrested an Indiana man and charged him with allegedly filing more than $10,000 in false claims related to 11 crashes between December 2005 and June 2008. North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of …
Ironshore Inc. announced that Bob Deutsch, president, will leave Ironshore effective March 31, 2009. Shaun Kelly, former AIG executive who is now CEO of Ironshore’s U.S. operations, will also assume the role of president of Ironshore Inc. Deutsch helped grow …
Geico is entering the auto insurance market in Massachusetts. State Insurance Commissioner Nonnie Burnes confirmed in a statement Friday that the nation’s third-largest auto insurer has filed to begin selling premiums in May. Geico would become the second major national …
Connecticut’s attorney general says documents turned over to his office by American International Group Inc. shows the company paid out $218 million in bonuses, higher than the $165 million previously disclosed. Attorney General Richard Blumenthal’s office received the documents late …
New York’s Republican Party says the Democrat-controlled state government is ignoring calls for an investigation into a $100,000 donation to the state Democratic Party from American International Group days before officials initiated the bailout of the insurance giant. State Republican …
A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions of dollars in bonuses awarded by the struggling insurance company after it received …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Bermuda-based ACE Bermuda Insurance Ltd. and ACE Tempest Reinsurance Ltd. Best also affirmed the FSRs of ‘A+’ (Superior) and …
According to a study from Australian insurer NRMA, part of the Insurance Australia Group (IAG), younger drivers, who listen to music while at the wheel, are acting dangerously. NRMA said its research “revealed almost one in two (44 per cent) …
