Former AIG chief Maurice “Hank” Greenberg is campaigning for the U.S. government to cut its stake in the insurer to less than 20 percent, saying this would attract new capital to AIG and help taxpayers fully recoup bailout money it …
The Seltzer Group, specialists in insurance services, has hired insurance professional Gregory DeMedio as part of its expansion in suburban Philadelphia. DeMedio, who is an 18-year veteran of the insurance industry, co-founded the insurance agency Collegeville Financial Group. He will …
The European Union’s trade commissioner-designate said on Tuesday he was unsure whether the Doha round of global trade talks would be concluded this year or in 2011. “I’m personally confident that we are going to conclude the Doha round — …
Zurich Financial Services Group has announced the transfer of the “vast majority of its general insurance portfolios in Italy, Portugal and Spain to local branches of its EU-based risk carrier Zurich Insurance plc, Ireland, (ZIP) effective January 1, 2010.” Zurich …
Judy Schurke, director of Washington’s Department of Labor & Industries (L&I), said the state’s workers’ compensation system is not at risk of going insolvent and that characterizing it as such is wrong. Schurke said she is concerned that characterizations of …
Crump Insurance Services Inc. of Irvine, Calif., has named Marie Graves associate broker. She will assist with the marketing and placement of property and general liability risks. Previously she was a senior account executive for Partners Specialty Group. She has …
Scottsdale, Ariz.-based Nautilus Insurance Group, comprised of Nautilus Insurance Co. and Great Divide Insurance Co., member companies of W. R. Berkley Corp., has promoted Susan Drebitko to assistant vice president- claims, and Renee Clyde to assistant vice president-premium accounting. Drebitko …
The most recent reports of property/casualty insurers indicate a return to profits, thanks in large measure to a quiet hurricane season. But behind the rosy reports is a thorny problem — lower investment income. According to Dr. Robert Hartwig, president …
A 6.5 magnitude earthquake struck off the coast of Northern California on Jan. 9, shaking buildings south of the Oregon border and knocking out power in several coastal communities. The quake hit at about 4:27 p.m. PST about 22 miles …
A New York judge has given a green light to a class action suit filed by a group of Long Island homeowners worried about toxic leaks from a renowned research laboratory. Suffolk County homeowners say past leaks of chemicals from …
