Shares in bailed-out insurer American International Group fell to their lowest levels in nearly eight months Monday, potentially moving them into loss-making territory for the U.S. Treasury. The Treasury holds 92.11 percent of AIG and has a break-even point of …
Liberty Mutual Group reported net income of $362 million for the first quarter 2011, an increase of $47 million, or 14.9 percent, over the same period in 2010. Revenues for the three months ended March 31, 2011 were $8.381 billion, …
American International Group posted a loss from continuing operations in the first quarter as it recorded a charge of more than $3 billion related to its recapitalization and termination of its credit facility from the Federal Reserve. For the first …
Workers’ compensation continued to worsen in 2010 as the combined ratio jumped five points to 115 in 2010 from 2009. In its State of the Line workers compensation market analysis, NCCI Holdings Inc. described the workers’ compensation line of business …
Nearly a third of Americans report that businesses are not doing enough to protect them from workplace discrimination and identity theft. A recent survey by the Chubb Group of Insurance Cos. found that one in three people surveyed said, compared …
Over the last few years organizations took action to strengthen the financial position of their captive insurance company operations, while those forming new captives were more likely to start up captives in U.S. onshore domiciles. These are two of the …
More than a quarter of large U.S. based businesses are experiencing disruptions to their supply chains or contingent business interruptions as a result of the March earthquake in Japan, says a new report. A new Greenwich Market Pulse study says …
American International Group sued two money management firms Thursday as the bailed-out insurer launched a fight to recoup billions of dollars it said it lost due to fraud. The insurer, 92 percent owned by the U.S. government, sued ICP Asset …
Towers Watson named Brendan Osean as vice president, property insurance, in its insurance brokerage business. In his role, Osean will be responsible for overseeing the design and placement of commercial property insurance programs for U.S.-based and international companies, as well …
The majority of agents and brokers today worry about how to perpetuate their firm to future owners, yet few agency owners report having a perpetuation plan in place. New findings in the forthcoming survey “2011 Survey of Agent-Carrier Relationships,” by …
