May 24, 2010
A major industry foundation is planning to recognize former AIG chief and current C.V. Starr CEO Maurice “Hank” Greenberg. The Insurance Industry Charitable Foundation (IICF) said it will present Greenberg with its “Double I Award” – for influence in the …
March 22, 2010
Kentucky Shock “Shame on you for the blatant, arrogant, self-effacing abuses. Equally shocking is for the board to allow executives involved in the oversight of such abuses to remain.” —Cold Spring Mayor Mark Stoeber in a letter to the Kentucky …
February 28, 2010
American International Group Inc. agreed to sell its Asian life insurance unit to Britain’s Prudential Plc for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the …
January 24, 2010
Arson Arrest “When I heard the name, I was blown away. He’s a good kid and it’s a bit sad to see his name dropped in the papers.” —Ben Lombardi, neighbor of Anthony Baye, the man accused of a rash …
January 24, 2010
Frozen Florida “The reports we are getting tell us there is frozen fruit as well as twig and leaf damage out there now it may be days or weeks until we figure out whether there is long-term tree damage. All …
December 6, 2009
Battling Ida “They were literally fighting each wave. They did that for days.’” —Ocean City, N.J. resident Bob Ashenbrenner, describing local officials’ efforts to reinforce breached dunes near his home as the remnants of Tropical Storm Ida battered beaches along …
December 6, 2009
No Workers’ Comp for Illegals “We are going to provide a mechanism for those claims to be investigated and if the people turn out to be unauthorized there will be no coverage. We will try to wring costs out of …
December 6, 2009
Firefighting at Night “Nighttime air attack is a standard. … Such action was not taken because the USFS policy prohibits night flying. Would night flying have made a difference? No one can say for sure, but night flying is a …
November 1, 2009
AmTrust, American Capital New York-based AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty insurance business. AmTrust said it will initially invest approximately …
October 19, 2009
In December, 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International Group’s (AIG), and the industry’s, most …