A search for a successor to Edward Liddy, chairman and chief executive of AIG, is being led by board member Dennis Dammerman, according to a source familiar with developments. The search, which is expected to take no more than a …
New York state Insurance Superintendent Eric Dinallo will resign effective July 3, Governor David Paterson said on Thursday, amid speculation the former prosecutor may run for state attorney general. Dinallo, who was a top aide to former Democratic Governor Eliot …
American International Group announced that it has completed the sale of its prime real estate holding in the Otemachi District in Tokyo to Nippon Life Insurance Company. AIG said that “under the terms of the agreement, Nippon Life Insurance Company …
Private weather forecaster Planalytics predicted Wednesday that the 2009 Atlantic hurricane season will produce 10 tropical storms, of which six will become hurricanes. The company said one or two of the storms were likely to become major hurricanes of Category …
According to catastrophe risk modeling firm AIR Worldwide, a powerful 7.1 magnitude earthquake struck off the coast of Honduras early Thursday morning. AIR said “the earthquake hit at 3:24 a.m. local time (08:24 UTC) 39 miles (64 km) northeast of …
Climate change kills about 315,000 people a year through hunger, sickness and weather disasters, and the annual death toll is expected to rise to half a million by 2030, a report said on Friday. The study, commissioned by the Geneva-based …
USG Insurance, national wholesaler and program manager headquartered in Canonsburg, Pa., has announced an insurance program for auto dealerships that are closing their doors. According to Kristen Taylor, national marketing director, “We anticipate this insurance product to become in high …
Louisiana House members are set to debate a proposed ban on the use of hand-held cell phones by motorists. Rep. Austin Badon, a New Orleans Democrat, is sponsor of the bill that would make it illegal to talk on a …
Heffernan Insurance Brokers, an independent insurance brokerage firm, announced that Jon McGraw has joined the company as a vice president in its Petaluma (North Bay), Calif., office. McGraw specializes in employee benefits and will be charged with new business development …
Fair Oaks, Calif.-based Insurance Resources Consultants, a IR Group subsidiary, has named San Diego executive Richard Rohde executive vice president and senior consultant. He will offer strategic planning and operational improvement consulting to retail agencies and managing general agents. Rohde …
