American International Group Inc. Chief Executive Robert Benmosche appears to be taking on one of the toughest battles of his life in his inimitable scrappy style. AIG said Monday that its 66-year-old CEO had cancer and was undergoing “aggressive chemotherapy.” …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the core operating companies of the American National Insurance Co. group (ANICO) to ‘A+’ from ‘AA-‘. The core operating companies are American National Insurance Co., …
A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice …
New York Attorney General Andrew Cuomo is suing Federal Express’ ground package delivery unit, alleging its classification of drivers as independent contractors illegally deprives them of legal protections workers enjoy. The lawsuit accuses FedEx Ground Package System Inc. of concocting …
Health care organizations’ medical malpractice claim frequency appears to be declining slightly and severity is leveling off, according to a new report released today. Data collected from 1,600 hospitals in report years 1997 through 2007 reveals that the most severe …
Tropical Storm Richard headed toward Central America Friday, triggering a hurricane watch along the Honduras-Nicaragua border, a region already hit by months of heavy rains. The 17th named storm in the Atlantic so far this year will strengthen into a …
Zurich Financial Services Group announced key appointments within its General Insurance (GI) segment, which, it said, were “related to the ongoing review of the GI business, which is part of a Group-wide initiative to clarify accountability, focus on responsibility and …
American International Group Inc is expected to price its up to $20.5 billion AIA Group IPO near the top end of the indicative range, sources with direct knowledge of the matter told Reuters on Thursday. The IPO generated more than …
The Cincinnati Insurance Co., the lead property/casualty subsidiary of Cincinnati Financial Corp., will begin writing business in Connecticut through Rose & Kiernan Inc., an independent insurance agency serving Danbury, Conn. The agency is a branch of Rose & Kiernan Inc. …
A federal judge has barred New York City from hiring new firefighters after criticizing its handling of a discrimination lawsuit against the fire department. Judge Nicholas Garaufis (GEHR’-ah-fuhs) said Tuesday his permanent injunction would be lifted if the city agreed …
