St. John’s University’s School of Risk Management (SRM) held its 19th annual “Insurance Leader of the Year” awards dinner Wednesday before a crowd of more than 1,400 in New York City.Robert H. Benmosche, president and CEO of American International Group, …
St. John’s University’s School of Risk Management (SRM) in New York will honor American International Group’s President and Chief Executive Officer Robert H. Benmosche as the “2013 Insurance Leader of the Year” at its 19th annual Insurance Leader of the …
North Carolina officials announced American International Group will invest more than $5.5 million to establish a technology center in Charlotte, N.C. With the new technology center, AIG plans to bring 230 new jobs to the region by the end of …
American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as underwriting margins improved at the property-casualty business. Net income rose to $2.17 billion, or $1.46 a share, from $1.86 …
A New York-based premium financing provider has agreed to pay $160,000 to resolve allegations that it illegally cancelled certain financed auto insurance policies affecting close to 100 Massachusetts customers, according to an announcement today by Massachusetts Attorney General Martha Coakley. …
Class action lawsuits in federal courts on both coasts have been initiated on behalf of small businesses in California, New York and New Jersey against American International Group (AIG) over workers’ compensation reporting. Plaintiff attorneys say the case could involve …
The Financial Stability Oversight Council (FSOC) designated AIG as a Systemically Important Financial Institution (SIFI) after determining that “material financial distress at AIG could pose a threat to U.S. financial stability.” One may debate whether AIG should be a SIFI …
American International Group Inc., the insurer that reinstated a dividend yesterday, will move its headquarters to a building it owns at 175 Water St. in Manhattan as the lease expires at a property on Maiden Lane “We’re not going very …
Berkshire Hathaway Specialty Insurance officially announced the appointment of Dan Fortin as senior vice president, executive and professional lines. Fortin was previously senior vice president of CNA Specialty. Berkshire Hathaway Specialty Insurance, the new commercial P/C insurance unit of Berkshire …
Families suing the operator of a Hartford nursing home where 16 patients died in a 2003 fire suffered a setback Monday, when the Connecticut Supreme Court ruled that the home’s insurance coverage was $1 million instead of the $10 million …
