American International Group, Inc. acknowledged that it has received subpoenas from New York Attorney General Eliot Spitzer and the Securities and Exchange Commission “relating to investigations of non-traditional insurance products and certain assumed reinsurance transactions and AIG’s accounting for such …
American International Group’s reported fourth quarter earnings exceeded Wall Street expectations and its 2004 profits set a record for the year. The giant insurer said net income for fourth quarter totaled $3.02 billion, or $1.15 a share. That was up …
New York Attorney General Eliot Spitzer, who has shown he is willing to take on securities analysts, the mutual fund industry, the insurance industry, the pharmaceutical industry and New York’s sitting governor, is also taking on the “pretenders to free …
Insurance regulators should establish clear definitions of brokers and agents and structure licensing around those definitions. What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up …
What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up has driven up expenses and slowed down the inner workings of insurance carriers, the rooting out …
What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up has driven up expenses and slowed down the inner workings of insurance carriers, the rooting out …
New York City will appeal a judge’s ruling against the state ban on same-sex marriages, Mayor Michael Bloomberg said Saturday. The mayor said that while he believes such marriages should be permitted, “if we did not appeal this I think …
The Cycle Turns for Marsh Mac as N.Y. States Strikes $850M Deal for Charges Life goes in cycles. Everything and everybody from the cosmos down to the lowliest plant follows a certain rhythm–businesses and economies included. Only one stock (General …
While it did not begin boiling over until last October when charges were brought against Marsh, the controversy over brokerage contingent fees has actually been simmering for more than a half dozen years in New York insurance circles. Back in …
The Property Casualty Insurers Association of America (PCI) is urging Nevada’s Division of Insurance to redraft a proposed regulation so that the regulation focuses on reasonable and meaningful disclosure of broker compensation arrangements. Noting that the regulation was the subject …
