The insurance industry will speak out against what it is calling a hidden “crash tax” in New York City during a hearing this morning with fire department officials. The proposal would allow the city to charge between $365 and $490 …
Ann Weaver has been named head of the Insurance Solutions Group at New York-based MphasiS. Weaver previously served as as risk services’ chief information officer for global products at Aon. In her new role, she will lead a team of …
A key trade group for insurers in New York State applauded a proposal by Gov. Andrew Cuomo to merge the state’s insurance regulatory arm into a single agency overseeing insurance, banking and consumer protection. The proposal for the so-called Department …
Bond insurer ACA Financial Guaranty Corp. sued Goldman Sachs Group Inc. on Thursday, alleging it was deceived into insuring a transaction designed to fail and for which Goldman ultimately paid a $550 million civil penalty. Goldman Sachs paid the settlement …
Brown & Brown Inc. reports that Charles H. Charlie Lydecker has been elected regional president responsible for a number of the company’s retail operations in the state of Florida and for certain of its retail operations in Arizona, New Jersey, …
The recapitalization of bailed-out insurer American International Group Inc. is likely to close next week, a person familiar with the matter said Friday, as AIG shares touched fresh highs on news it was getting closer to the deal. But the …
Nearly one out of every five no-fault auto insurance claims closed in the New York City area in 2010 appears to have elements of fraud, according to a new study from the Insurance Research Council (IRC). And as many as …
A former employee of American International Group has filed a lawsuit claiming that PricewaterhouseCoopers was negligent in its audits of AIG and that the board of the bailed-out insurer failed to pursue a claim against the accountants. The suit, filed …
New York Governor Andrew Cuomo plans to improve regulation of Wall Street with a smaller state government that would merge the Banking and Insurance departments, Cuomo told a radio station yesterday. Cuomo, a Democrat who took office on Saturday, is …
New York-based Merchants Insurance Group has named Shad McKnight as vice president of underwriting and product development. McKnight has served as vice president of product management, associate vice president of underwriting and product management, program and communications director and business …
