American International Group reported on Thursday a net loss of $4.1 billion and an after-tax operating loss of $3.0 billion for the third quarter ended Sept. 30, 2011, compared with a net loss of $2.5 billion and an after-tax operating …
A jury has ruled that a Maine ski resort was not responsible for injuries suffered by a Bethel man who fell off a chairlift on a windy day. The Oxford County Superior Court jury ruled on Monday, Oct. 31, that …
Kevin Powell, 43, loves sports. Powell, who is vice president at New Jersey insurance wholesaler FTP, has run 19 marathons, including four Boston Marathon qualifying times, and finished nine Ironman races. What makes his accomplishments all the more impressive is …
Two independent agent associations in the northeast said they will discontinue their affiliations with the National Association of Professional Insurance Agents (PIA). The Insurance Agents & Brokers of Pennsylvania (IA&B of Pa.) said on Tuesday it informed the PIA that …
A new report from the U.S. Government Accounting Office chronicles the government’s handling of AIG bailout in 2008. In all, the government had invested and made loans worth more than $182 billion for the insurer. The 152-page report, titled “Financial …
The U.S. Treasury Department said it received an additional repayment of $972 million from American International Group (AIG). The payment came mostly from the scheduled release of the escrow from AIG’s sale of its American Life Insurance to MetLife last …
Atlanta-headquartered wholesale intermediary Swett & Crawford hired Chris Hendrix as a new casualty broker at its Philadelphia-North office. Hendrix comes to Swett from Southern Cross Underwriters (CRC) where he spent four years supporting 750 retail insurance agencies as a commercial …
New Hampshire’s governor is requesting that an emergency be declared for the entire state for federal aid to help clean up from the weekend’s snowstorm that dumped more than 30 inches of snow on parts of the state, causing widespread …
Insurance broker and risk management provider Rutherfoord appointed Jack Cunningham as producer/account executive. Cunningham brings over 20 years of expertise in the construction industry with past experience in sales of heavy construction equipment and in managing concrete sale at Boxley …
A lawsuit against Charles Schwab Corp. over auction-rate securities that was filed by former New York Attorney General Andrew Cuomo was thrown out by a state court judge. The 2009 lawsuit accused the San Francisco-based discount brokerage of fraud in …
