“The cost of injury claims in the UK car insurance market has grown recently by nearly 30 percent per annum concludes a study, based on industry data, compiled by Towers Watson (TW). TW also noted that the findings were further …
Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, recently joined the Lord Mayor of the City of London, Alderman Nick Anstee, for a trip to Beijing and Shanghai. “The trip included meeting …
American International Group said Thursday it will sell its two Japanese life insurance units to Prudential Financial Inc for $4.8 billion, marking another step in its efforts to repay U.S. taxpayers. The sale of AIG Star Life Insurance Co Ltd …
Federal labor officials want to suspend Hawaii’s authority over its workplace safety program, saying the state’s enforcement fails to meet even minimum expectations. If Hawaii will not give up its authority, federal officials will seek legal action to revoke the …
Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC (“Starr Specialty”), both subsidiaries of C. V. Starr & Co., Inc., have recently expanded their geographic reach with the opening of a Political Risks underwriting unit in C.V. Starr’s …
Fireman’s Fund Insurance Co., the first property and casualty insurance company to offer green insurance to the U.S. commercial marketplace, has expanded its commercial green insurance appetite to include alternative energy equipment. “A growing number of our policyholders are installing …
The Illinois Department of Insurance has entered an order prohibiting AIM Health Plans Inc., CEO Clubs Inc. (a/k/a Chief Executive Officers Club), Insurance Resource Group Inc., Integrated Insurance Marketing Inc., Gary L. Karns, Jr. and Louis R. De Luca (“Respondents”) …
Federal regulators have implemented new measures for identifying the nation’s most dangerous mines, replacing what U.S. Labor Secretary Hilda Solis had called a “badly broken” process. The Mine Health and Safety Administration said the screening criteria give the agency more …
Liberty Mutual Agency Corp. postponed indefinitely its planned initial public offering, quashing hopes that the planned $1.2 billion flotation could give a needed jolt to the U.S. IPO market. The property and casualty insurer announced the delay on the day …
San Diego and San Jose lead the nation in the ranking of major metropolitan U.S. cities with the largest percentage of drivers with alcohol-related driving convictions. Data provided by Insurance.com indicates California has long been the epicenter for drunk driving, …
