Deaths from snowmobile crashes decreased slightly in Michigan this winter, despite the heavy snowfall. The Michigan Association of Insurance Agents says 20 people died from injuries in snowmobiling accidents, down from 22 during the winter of 2007-08. The association says …
One of Florida’s new startup property insurance companies has been told to stop selling policies — at least for a while. Insurance Commissioner Kevin McCarty said Boca Raton-based People’s Trust has not followed state regulations nor its business plan and …
The owner of the luxury Greenbrier resort filed for bankruptcy and plans to sell what was once one of America’s highest-rated hotels to a unit of Marriott International Inc. Greenbrier Hotel Corp., a unit of the transportation company CSX Corp., …
Small crowds of protesters angered by the government’s $180 billion bailout of AIG marched in cities across the United States Thursday, mocking bonuses paid to employees who helped push the company to the brink of collapse. The largest U.S. labor …
Billionaire investor Wilbur Ross said he is keen to invest more in insurance, a sector he has been active in for more than a decade, but is biding his time until pricing fundamentals improve. Ross, on the sidelines of an …
American International Group Inc. turned over details on Thursday of bonus recipients in an investigation by New York’s top legal officer, who promised to be sensitive to the company’s concerns for the security of its employees. “The Attorney General’s Office …
New York City could lose $3 million in tax revenues if insurer American International Group’s workers are forced to hand back their bonuses, the city comptroller said on Thursday. Wall Street is the taproot of New York City’s economy and …
Edmund Tse, the top American International Group Inc. executive in Asia, is retiring, the troubled insurer said on Friday. Tse, who is in his early 70s, has worked at AIG since 1961, and was once considered a top candidate to …
At its regularly scheduled meeting, the Board of Directors of Transatlantic Holdings, Inc. elected Amy M. Cinquegrana, Corporate Secretary. She was also elected Corporate Secretary and Assistant Vice President of Transatlantic Reinsurance Company, a subsidiary of TRH. The Board of …
The top U.S. and European Union trade officials pledged Thursday to try to reach a deal in long-running world trade talks “as soon as possible,” but set no deadline for resolving tough remaining issues. “Extraordinary times require extraordinary leadership,” U.S. …
