American International Group Inc. (AIG) named Edward M. Liddy as chairman and CEO. He succeeds Robert B. Willumstad. Stephen F. Bollenbach, who was named lead independent director in June 2008, continues in that role. Liddy joined the private equity firm …
Federal vs. state—AIG “This argument is fundamentally flawed because it is based on a totally inaccurate assumption of facts. First and foremost, AIG is not an insurance company; it is a federally-regulated holding company under the jurisdiction of a federal …
American International Group Inc. (AIG) named Edward M. Liddy as chairman and CEO. He succeeds Robert B. Willumstad. Stephen F. Bollenbach, who was named lead independent director in June 2008, continues in that role. Liddy joined the private equity firm …
Liberty Mutual, Safeco Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic reach, the transaction strengthens Liberty’s standing to fifth largest property …
Arthur J. Gallagher & Co., California Insurance Center Arthur J. Gallagher & Co. acquired California Insurance Center Inc. of Lafayette, Calif. Terms of the transaction were not disclosed. Founded in 1929, California Insurance Center Inc. is a retail insurance broker …
State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal regulation. The state regulators spoke out …
Overland Park, Kansas-based Brooke Corp. faces a lawsuit by a bank that is seeking $13 million plus interest and costs for breach of contract. The suit was filed the last week in September 2008 in federal court in Illinois by …
Thursday October 2, 2008 – Natalie Harder has joined Craftech Restoration as the Account Manager for the Central and Eastern Massachusetts region. In this sales and marketing role, Natalie will communicate Craftech’s service solutions to companies in the insurance and …
An earthquake that shook much of the Midwest months ago is giving a Metro East, Ill. school district some financial aftershocks. Officials in East Alton say the April quake caused as much as $1.2 million in damage to the gymnasium …
The insurer of the Unit 5 school district in Urbana, Ill. is balking at providing coverage in connection with a sexual abuse lawsuit. Cincinnati Insurance contends in a federal lawsuit that an Urbana student identified as Jane Doe-2 and her …
