Goldman Sachs Group and a parade of European banks were the major beneficiaries of $93 billion in payments from American International Group — more than half of the U.S. taxpayer money spent to rescue the massive insurer. The revelation on …
Target Markets Program Administrators Association, Wilmington, DE. With keynote speaker Ben Stein commenting on the current state of our economy, and John Amore (CEO General Insurance, Zurich Financial Services) providing an outlook on the state of the insurance industry, the …
Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance program. Taylor’s proposal — the Multiple Peril Insurance Act of 2009– …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of GMAC Direct Insurance Company of Maryland Heights, Mo. and assigned an NR-5 (Not Formally Followed) to the FSR and …
$72 Million Fine to be paid by General Re Corp., to settle investor claims about its role in a fraudulent transaction involving American International Group Inc. The case centered on a transaction that investigators say allowed AIG to improperly boost …
You May Not Know What You Think You Know About Flood Insurance Claims When dealing with claims under flood insurance policies, you may be surprised that many things you think you know are wrong, and, particularly for insureds, many things …
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. Vacant Commercial Property Market Detail: Western Networked Insurance Services has an exclusive program for vacant …
Veteran doctor John Muney says his flat-fee, $79-a-month medical practice is a formula for making health care affordable and patient-friendly. But New York regulators see it as self-styled insurance and have told him to shut it down. The dispute, which …
The people at Chubb Insurance Group’s personal lines insurance unit, which serves people with above-average needs, have 10 new prospects right outside their window. Ten employees in the IT department of Chubb Commercial Insurance, in the building next to the …
24% of All Muslims in U.S. Have College Degrees; 16% Are High Income Earners While there are an estimated 130 entities selling takaful — cooperative insurance that is true to Shariah tenets of Islamic religious law — in foreign countries …
