AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? From the 1980s until recently, insurance giant American International Group and its top executives “routinely engaged in misleading accounting and financial reporting, projecting an unduly positive picture of …
When Bill Harrison Jr., IIAT president and president of Coleman Company Insurance Services in San Antonio, hands over his leadership responsibilities to incoming IIAT president Randy Reynolds, Harrison expects the association to be in good hands. Harrison congratulated Reynolds on …
When Bill Harrison Jr., IIAT president and president of Coleman Company Insurance Services in San Antonio, hands over his leadership responsibilities to incoming IIAT president Randy Reynolds, Harrison expects the association to be in good hands. Harrison congratulated Reynolds on …
American International Group Inc. (AIG) announced that it has filed its long-awaited 2004 annual financial report Form 10-K along with adjustments for 2000 through 2003 with the Securities and Exchange Commission. As part of the restatement, AIG cut shareholders’ equity …
New York Attorney General Eliot Spitzer and State Insurance Superintendent Howard Mills announced a lawsuit against the nation’s largest business insurance company, alleging that the firm manipulated its books to deceive regulators and the investing public. The lawsuit alleges that …
The Wall Street Journal reported Wednesday that New York State Attorney General Eliot Spitzer and the State’s Insurance Department are near completion on producing a civil complaint against American International Group (AIG). The action is a result of the company’s …
AAMGA University Day Program New York Attorney General Eliot Spitzer has bypassed due process and used McCarthy-like tactics to wage “corporate terrorism” against the insurance industry even while ignoring his own alleged conflicts of interest, a leading insurance industry executive …
MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving history. The revised Safe Driver Insurance Plan will provide …
Chubb Corp. of Warren N.J. reported that it received a subpoena from the U.S. Attorney for the Southern District of New York as part of an ongoing investigation involving the use of finite-risk insurance and related products. The company said …
MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving history. The revised Safe Driver Insurance Plan will provide …
