American International Group Inc. may need a successor for Chief Executive Robert Benmosche sooner than it expected, but experts say it is not clear who that would be or how long they would be in charge. AIG said Monday that …
ACE Limited announced that it has signed a definitive agreement to acquire New York Life’s Hong Kong and Korea life insurance operations for approximately $425 million in cash. ACE said the deal would expand its life insurance business “into two …
AIA Group Ltd is expected to post a double-digit gain in its trading debut on Friday as investors scramble for a slice of one of Asia’s most recognized life insurance brands after its record Hong Kong IPO. AIA’s wide Asian …
Texas State Rep. Larry Taylor (R-Friendswood) has filed a mandamus petition in the 1st Court of Appeals in Houston seeking relief from a temporary stay of his request for information concerning a $189 million settlement between the Texas Windstorm Insurance …
A business group says the economic downturn is still having an effect on New York City’s construction industry — a key driver for commercial insurance spending in the region. The New York Building Congress says construction spending in the city …
A seemingly dry topic that actually generates some of the most heated political battles in Washington state is on the ballot for voters this year: workers’ compensation insurance. Washington is one of four states that doesn’t allow private companies to …
Insurer Nationwide is the least-complained about personal auto insurer in New York’s $10 billion auto insurance market, according to newly released ranking of 167 companies by the state’s Insurance Department. Long Island Insurance Company ranks worst among insurers writing $1 …
American International Group Inc. Chief Executive Robert Benmosche appears to be taking on one of the toughest battles of his life in his inimitable scrappy style. AIG said Monday that its 66-year-old CEO had cancer and was undergoing “aggressive chemotherapy.” …
The National Association of Insurance Commissioners (NAIC) elected Florida Commissioner Kevin McCarty to be president-elect effective Jan. 1, 2011 at its recent meeting in Orlando. McCarty served as vice president of the NAIC during 2010. It remains to be seen …
The Arkansas Insurance Department announced changes to its system for filing of continuing education hours by CE providers. The new program (LEO) allows providers to electronically file completions with the department by downloading a batch file or individual input of …
