Hawaii News

Fitch Affirms AIG, Subs ‘AA’ Ratings

Fitch Ratings has affirmed American International Group’s Issuer Default Rating (IDR) at ‘AA’ and affirmed its ratings on all of AIG’s insurance subsidiaries at the same level. The rating outlook is stable. See below for a complete list of the …

Lava Risk Zones Fastest Growing Area on Big Island

Development has surged in parts of the Big Island at high risk of being covered in lava ever since the state started providing homeowner’s insurance to such areas. The 15-year-old program provides more than 2,400 policies to homes that private …

New Year Brings Familiar News of Bid-Rigging, Commission Complaints

The new year saw two reminders that the controversies over alleged bid-rigging, account steering and contingent commissions that began back in 2004 are not over. On Jan. 2, The Travelers Cos. Inc. said it had agreed to pay $6 million …

Travelers Settles With States Over Brokers’ Contingent Commissions

The Travelers Cos. Inc. will pay $6 million to settle investigations in 9 states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in Michigan, Florida, Hawaii, …

Travelers Settles With States Over Brokers’ Contingent Commissions

The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in Michigan, Florida, Hawaii, …

Declarations

Frankel-y Speaking “I consider the role the Mississippi Insurance Department has played in bringing Mr. Frankel and his co-conspirators to justice to be one of the finest accomplishments during my time in office.” —Long-time Mississippi Insurance Commissioner George Dale, who …

Travelers Settles With States Over brokers’ Contingent Commissions

The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in Michigan, Florida, Hawaii, …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Small Residential General Contractors Nuts & Bolts: NSM Insurance Group is offering coverage for general …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Oil and Gas Well Drilling Contractors

People

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, appointed John Nilson senior vice president, western region for ACE Risk Management. Nilson will be based in Los Angeles and oversee ARM branch operations for the western …