AIG United Guaranty, whose affiliate companies provide mortgage guaranty insurance, announced plans to expand both its European and Asian operations as part of its “international growth program.” It has appointed a number of senior executives to head the expansions. In …
American International Group, Inc. announced that Dr. Jacob A. Frenkel has been named a Vice-Chairman of AIG, effective immediately. He will also serve as Chairman of AIG’s Global Economic Strategies Group. “Dr. Frenkel joined Merrill Lynch in January 2000. He …
Fireman’s Fund Insurance Company has issued the following statement regarding a lawsuit allegedly filed April 29 in Los Angeles Superior Court by plaintiff Allen Estin against 14 insurance companies, including Fireman’s Fund, concerning their purported refusal to sell life insurance …
New York Superintendent of Insurance Gregory V. Serio and officials from the International Commission on Holocaust Era Insurance Claims (ICHEIC) announced that approximately $16 million in humanitarian payments are going out to approximately 16,000 ICHEIC claimants in 63 countries who …
Gary Schmalzriedt, Chairman and CEO of ACE Overseas General (AOG), announced that Tomas Urbanec has been named as Executive Vice President, International Personal Lines. AOG is a financial reporting unit of ACE Limited, which comprises the Company’s international property casualty …
Risk Management Solutions (RMS) nnounced the release of the RMS Israel Earthquake model. This model is the first to offer both high resolution and aggregate analysis capabilities for insurance and reinsurance risk management. The model combines comprehensive information on earthquake …
The U.S. Supreme Court last month defeated a California law that required insurance companies to provide information about all of their Holocaust-era policies. In a 5-4 vote, the High Court decided that California’s Holocaust Victim Insurance Relief Act of 1999, …
California Insurance Commissioner John Garamendi released the following statement regarding the United States Supreme Court’s decision to defeat a California law required insurance companies to provide information about all of their Holocaust-era policies. “For more than 60 years insurance companies …
Nassau District Attorney Denis Dillon, the New York State Insurance Department, the State Insurance Fund and the Inspector General of the Workers’ Compensation Board jointly announced the arrest of six individuals for insurance fraud resulting in the theft of thousands …
A California law requiring insurance companies operating in the state to provide detailed reports about Holocaust-era polices or forfeit their ability to sell insurance in California exceeds state legislative and regulatory jurisdiction and jeopardizes the federal government’s ability to conduct …
