Bailed-out insurer American International Group said on Monday that Chief Executive Robert Benmosche has cancer and is undergoing aggressive chemotherapy. AIG said Benmosche intends to work a full schedule during his treatment, but it is also making contingency plans. Following …
There were a raft of hazards and regulatory failures at a contaminated ground zero tower where two firefighters died, but that’s not a reason to toss out manslaughter charges against three construction company figures who worked there, a judge ruled …
Swiss Re has issued a bulletin noting that it is “well placed for the upcoming 2011 renewal negotiations with its European clients.” The talks, which begin this week in the German resort of Baden-Baden, bring together brokers and reinsurers (and …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the core operating companies of the American National Insurance Co. group (ANICO) to ‘A+’ from ‘AA-‘. The core operating companies are American National Insurance Co., …
A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice …
A federal appeals court has upheld the conviction of a former Montgomery insurance executive who was once a major supplier of workers compensation insurance in the Southeast. The 11th U.S. Circuit Court of Appeals in Atlanta issued a 3-0 decision …
New York Attorney General Andrew Cuomo is suing Federal Express’ ground package delivery unit, alleging its classification of drivers as independent contractors illegally deprives them of legal protections workers enjoy. The lawsuit accuses FedEx Ground Package System Inc. of concocting …
The Ohio Department of Insurance is receiving a $1.1 million consumer assistance grant funded through the U.S. Department of Health and Human Services as part of the Patient Protection and Affordable Care Act. The insurance department says it will use …
Enumclaw Insurance Group of Enumclaw, Wash.,announced the signing of a definitive agreement to purchase 100 percent of the stock of Chicago-Vegas Holding Co., which owns Nevada General Insurance Co. (NGIC) and Auto Insurance America Insurance Agency (AIC). Both Nevada General …
IronHealth, the specialty healthcare unit of Ironshore Inc., has developed a insurance program to address the risk exposure created by the specific reporting requirements of Section 111 of the Medicare, Medicaid and SCHIP Extension Act of 2007 (MMSEA). IronHealth’s new …
