2006: The year when changes take hold
This coming 2006 New Year seems like it will be the start of a year of big changes for the industry. It is not that the industry will be pulled out by its roots and shaken. Rather, many of the …
2006: The year when changes take hold
This coming 2006 New Year seems like it will be the start of a year of big changes for the industry. It is not that the industry will be pulled out by its roots and shaken. Rather, many of the …
From New England to Virginia, Courts Made Insurance Headlines in 2005
From Maine to Virginia, many of the insurance headlines in 2005 dealt with compensation and reinsurance probes, just as they did across the country, casting the industry’s reputation in a bad light. But much of the most interesting regional and …
N.Y. AG Spitzer Claims Greenberg Shorted Charity 35 Years Ago
New York Attorney General Eliot Spitzer this week accused embattled insurance executive Maurice R. “Hank” Greenberg of participating in a series of financial transactions 35 years ago that cost the charitable foundation of his mentor $6 billion. Spitzer’s allegations were …
N.Y. Agent Indicted on Charges of Identity Theft, Grand Larceny
New York Attorney General Eliot Spitzer and State Insurance Superintendent Howard Mills announced the indictment of a Bronx man who reportedly sold insurance policies and stole more than $300,000 in insurance commissions by using another man’s name. The 34-count indictment …
National Newsbriefs
Greenberg Will Not Face Criminal Charges: Additional civil charges against former American International Group Inc. Chairman and CEO Maurice “Hank” Greenberg are possible, but no state criminal charges are expected, a spokesman for New York Attorney General Eliot Spitzer said …
Players Must Understand Buyer Demand, Agency Supply to Get in the Game
Players Must Understand Buyer Demand, Agency Supply to Get in the Game The consolidation of insurance agencies has played a prominent role within the industry over the last 30 years. Now more than ever, however, such activity increasingly influences the …
News Briefs
Greenberg Will Not Face Criminal Charges: Additional civil charges against former American International Group Inc. Chairman and CEO Maurice “Hank” Greenberg are possible, but no state criminal charges are expected, a spokesman for New York Attorney General Eliot Spitzer said …
Agency Consolidation Dynamics are Ripe for the Picking
The consolidation of insurance agencies has played a prominent role within the industry over the last 30 years. Now more than ever, however, such activity increasingly influences the average size of distributors, the scope of services they can provide and …
More Civil Claims ‘Possible’ Against AIG’s Former Boss, But No Criminal Charges Expected
Additional civil charges against former American International Group Inc. Chairman and CEO Maurice “Hank” Greenberg are possible, but no state criminal charges are expected, a spokesman for New York Attorney General Eliot Spitzer said Friday, Nov. 25. “The office decided …
