After regulators slapped the too-big-to-fail label on MetLife Inc., Chief Executive Officer Steve Kandarian had several responses. One was to challenge government watchdogs in court — a move shunned by other insurers that got the TBTF tag. The CEO also …
AIG’s mortgage insurance unit, United Guaranty Corp, filed for an initial public offering of up to $100 million with U.S. regulators, as part of a previously announced move to spin off the business. AIG announced in January it would spin …
General Motors Co. won its second straight trial against drivers who blamed car wrecks on faulty ignition switches, boosting the company’s outlook for resolving hundreds of similar cases on more favorable terms. The crash of Dionne Spain’s 2007 Saturn Sky …
Markel International, the London-based specialist insurance subsidiary of Markel Corp., has launched a policy offering comprehensive protection for businesses in the financial technology (fintech) sector, which includes trading platforms, forex platforms and peer-to-peer crowdfunding sites. In financial services businesses, where …
Kenya Reinsurance Corp., the country’s only publicly traded reinsurer, expects increased political risk linked to presidential elections in the East African nation next year to boost earnings, Chief Executive Officer Jadiah Mwarania said. Kenya is scheduled to hold the vote …
Everest Re Group Ltd. hired Michael Kerner, who previously led Zurich Insurance Group AG’s general-insurance unit, to head the strategy and risk-management team as the Bermuda-based reinsurer reshapes management. Kerner will be an executive vice president, Everest Re said Wednesday …
Zurich Insurance Group AG will see improving results this year after taking steps to cut costs and overhaul units following unexpected losses at its general insurance unit, according to Chairman Tom de Swaan. “The implementation of these measures is going …
West Virginia environmental officials have proposed a $93,000 fine on an Antero Resources natural gas company for polluting waterways. In a consent order, state Department of Environmental Protection and Antero Midstream LLC agreed earlier this month on the proposed fines …
West Virginia pharmacies are dispensing significantly fewer doses of the state’s most popular prescription painkiller, hydrocodone. The number of prescribed hydrocodone products dropped by nearly 13 million tablets last year, the Charleston Gazette-Mail reported, citing new data from the state’s …
North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of Alison Keli Underwood, 24, of Asheboro, N.C.; she is charged with one count of obtaining property by false pretense. NCDOI criminal investigators accuse Underwood of fraudulently obtaining $7,452.85 from Cincinnati …
