American International Group Inc. stands to get an extra $2 billion from the cash-and-stock sale of its plane-leasing unit after acquirer AerCap Holdings NV almost doubled in New York trading. AerCap has jumped since agreeing in December to buy AIG’s …
Tim Mullis has joined Miller Insurance Services in London to produce accident and health treaty reinsurance business. Mullis has 30 years’ insurance market experience, almost exclusively in production and broking. He specializes in personal accident reinsurance on a treaty basis …
Samsung Electronics Co., Asia’s biggest maker of memory chips, vowed to pay compensation for employees who’ve said they got cancer after working at the company’s semiconductor plants. “Some of the employees working at our company are suffering from incurable diseases, …
Chinese insurers face increasing risks from their investments in property and local government debt as the nation’s economic growth slows, according to a senior regulatory official. The China Insurance Regulatory Commission will focus more on risk prevention, and seek to …
American International Group Inc. defrauded the U.S. by failing to disclose it was selling insurance without a license during negotiations with the government over a bailout in the financial crisis, a former executive claimed in a lawsuit. Alex Grabcheski, a …
Richmond, VA, 5/14/14 – As Atlantic Specialty Lines continues to adapt to the landscape of an industry that is constantly evolving, they have decided to move Lee Branson, Senior Vice President of the MW branch, back to Richmond, VA to …
When Thomas Jeffery visits states like California, he likes to take some time out to drive around and take a hard look at the conditions and the landscape. As a scientist, Jeffery feels this helps put first-person observations into his …
As in other states with no restrictions on pricing in the workers’ compensation system, medical costs per claim are high and are rising in Indiana, according to a recent study by the Workers’ Compensation Research Institute in Cambridge, Mass. Hospital …
A Tennessee adjuster sued by Nationwide Insurance for alleged trademark infringement because he used the company’s slogan, On Your Side, in his firm’s name and marketing, is fighting back in court and on the web. Jeremy Snyder, owner of On …
Employers in Virginia who fail to provide workers’ compensation insurance for their employees will be assessed, beginning July, a civil penalty of up to $250 per day for each day of noncompliance, subject to a maximum penalty of $50,000, plus …
