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ACE Names Waterford as Deputy Head of Accident & Health in Asia Pacific

ACE Group announced the appointment of Blain Waterford to the newly created role of vice president & deputy head of its accident & health business in Asia Pacific. In his new capacity, Waterford will head direct marketing, telemarketing, mobile assurance, …

IKEA, Ikano Group Testing Affordable Accident & Health Cover in Sweden

OMIFALL, a Swedish health insurance product for pregnant women and children, came about as a “mutual dream” between home furnishings icon IKEA and its sister company, Ikano Group. The dream was to create and easily distribute an affordable alternative to …

India’s Opposition Party Could Support Insurance Industry Liberalization

India’s main opposition Congress party signaled on Monday it could support government legislation to liberalize the insurance industry, a long-delayed reform expected to help improve investor confidence. Prime Minister Narendra Modi proposed in August to lift the cap on foreign …

Documents At End of AIG Bailout Testimony Could Aid Greenberg

The Federal Reserve Bank of New York’s legal advisers sought to devise ways to avoid accountability to shareholders in the 2008 bailout of American International Group Inc., according to evidence introduced at the end of trial testimony over terms of …

Superstorm Sandy Victims Allege Racketeering in Flood Claims Review

Wright National Flood Insurance Co. and U.S. Forensic LLC, an engineering firm, were sued by New York homeowners who claim the companies conspired to manipulate reports and avoid paying for damages from Hurricane Sandy in 2012. Wright, which provides coverage …

Fasten Your Seatbelts, Flying Cars Could Take-Off Within 3 Years

The first time Carl Dietrich brought his flying-car concept to the Experimental Aircraft Association’s annual AirVenture gathering in Oshkosh, Wisconsin, he had only a video to show the aviation geeks who wandered by his modest stall. The following year, he …

First Louisiana Flood Board Oil Suit Settlement Earmarked for Coast

Money from the first and only settlement so far in a Louisiana flood board’s lawsuit against dozens of energy companies will be placed in a special account dedicated to coastal restoration. The Southeast Louisiana Flood Protection Authority-East voted to establish …

N.Y. Sen. Schumer: Near Misses Show Need for Drone Regulations

U.S. Sen. Charles Schumer, D-N.Y., says recent near misses between aerial drones and aircraft at New York City’s Kennedy Airport show the need for federal regulations on the small, remote controlled aircraft. The New York Democrat said Sunday that three …

Texas Wind Insurer Launches Depopulation Portal

The Texas Windstorm Insurance Association (TWIA) has initiated a process whereby interested insurance companies may access information on TWIA insured properties in an effort to move policies to private insurers. The association writes wind and hail insurance on properties in …

2 AIG Subsidiaries File to Redomesticate From Pennsylvania to Illinois

Two subsidiaries of the American International Group — Granite State Insurance Company and New Hampshire Insurance Company — recently filed for approval a plan of redomestication that would change their state of domicile from Pennsylvania to Illinois. The two companies …

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