American International Group, Inc. (AIG) has named Brian T. Schreiber as executive vice president, Treasury and Capital Markets, and Robert Gender as senior vice president and treasurer. Schreiber is taking on a broad, newly created role in which he will …
DuPont will likely seek to sequester jurors in a 2011 trial that could determine whether it must pay hundreds of millions of dollars in damages to some 8,500 West Virginians who won a toxic-exposure case three years ago. At a …
Fishermen and business owners stung by a summer of lost revenue from the Gulf of Mexico oil spill have until Wednesday to file their compensation claims for short-term damages, but accepting a settlement check is a gamble. Many will eventually …
North Korea on Tuesday fired dozens of artillery shells at a South Korean island, killing two soldiers and setting houses ablaze, in one of the heaviest attacks on its neighbor since the Korean War ended in 1953. The attack, with …
AIA Group Ltd, the recently spun off Asia life insurance arm of American International Group <AIG.N>, has lost another key executive with the resignation of its human resources head Margret Chiu, a spokeswoman told Reuters on Tuesday. Chiu, an executive …
Ten Somalis are going on trial in Hamburg on piracy charges for allegedly hijacking a German container ship earlier this year. The men face a possible 15 years in prison if convicted in the Hamburg state court on charges of …
The Russian scientist shuffles across the frozen lake, scuffing aside ankle-deep snow until he finds a cluster of bubbles trapped under the ice. With a cigarette lighter in one hand and a knife in the other, he lances the ice …
Swiss Re’s latest sigma study, #5/2010, – “Insurance investment in a challenging global environment” – warns that a “low yield environment coupled with tighter regulatory standards could hamper insurers’ investment returns, leading to lower profits for the industry and higher …
The Federation of European Risk Management Associations (FERMA) and the European Federation of Insurance Intermediaries (BIPAR) announced that they have signed a protocol on the transparency of intermediation in business insurance. Both federations said that they will “recommend their respective …
Louisiana Citizens Property Insurance Corp. (Citizens) has held a fourth depopulation offering in which 13,500 policies have been assumed into the private insurance market, state Insurance Commissioner Jim Donelon announced. Citizens, which insures homes and commercial properties that private companies …
