Agents Still Say Cumbersome Changes Will Create Problems The New York State Insurance Department this month released a new draft of a rule governing when and how insurance producers must disclose their compensation and competing quotes to customers. The latest …
The New York State Insurance Department this week released a new draft of a rule governing when and how insurance producers must disclose their compensation and competing quotes to customers. The latest draft appears to be less burdensome on all …
A company run by former AIG CEO Maurice “Hank” Greenberg did not plunder billions from a retirement fund, a jury ruled, dashing the bailed-out insurer’s chances of collecting $4.3 billion in damages. American International Group Inc. took Starr International Co, …
First Deputy Superintendent Kermitt Brooks is overseeing the New York State Insurance Department following the departure of Eric Dinallo. Dinallo announced in May that he would be resigning as insurance superintendent to take a teaching position at New York University …
Donald Forsythe and Fred Wilder, founders of Wilder-Forsythe Inc. insurance agency, picked an awful location to sell insurance. The small office building they bought in 1974 in the far-northern New York city of Ogdensburg sits on land, formerly a gas …
The government bailout of AIG and controversial bonuses paid by the insurer cannot be brought up during trial of the company’s suit involving former CEO Maurice “Hank” Greenberg, a judge ruled on Monday. As the trial opened before a jury …
New York state Insurance Superintendent Eric Dinallo will resign effective July 3, amid speculation the former prosecutor may run for state attorney general. Dinallo, who was a top aide to former Democratic Governor Eliot Spitzer when he was state attorney …
AIG, days before a high-profile legal fight with a company controlled by former CEO Maurice Greenberg heads to court, promised to use any funds won at trial to repay U.S. taxpayers. “While any relief granted for AIG’s equitable and legal …
New York state Insurance Superintendent Eric Dinallo will resign effective July 3, Governor David Paterson said on Thursday, amid speculation the former prosecutor may run for state attorney general. Dinallo, who was a top aide to former Democratic Governor Eliot …
Bob Rusbuldt, president and CEO of the Independent Insurance Agents & Brokers of America (Big “I”), sat down with Insurance Journal‘s Andrew Simpson at the association’s recent legislative conference in Washington, D.C. The following excerpts are from the complete interview, …
