AIG Excess Casualty, a division of American Home Assurance Company, a member company of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage for risks previously covered by an insurance carrier that is now insolvent. …
Mutual of Omaha Chairman and CEO Dan Neary today announced the appointment of David A. Diamond as executive vice president and chief financial officer. Diamond comes to Mutual of Omaha from Nationwide, an insurance and financial services organization headquartered in …
Aon announced that Aon Risk Services of Ohio has acquired Sam D. Pipino Agency, a risk specialist for the real estate development and construction industries. Sam D. Pipino Agency has 12 employees who work in the company’s offices in Youngstown …
Michigan Gov. Jennifer Granholm and Democratic lawmakers want to give homeowners and motorists a 20 percent cut in their insurance rates, a move the insurance industry says isn’t justified. Granholm and lawmakers plan to release a package of legislation they …
Americans for Insurance Reform (AIR), a New York City-based national coalition of public interest organizations, announced that a New Orleans resident has filed a class action suit against American International Group (AIG) and its subsidiary, Audubon. According to AIR’s statement …
A state judge in Texas has ordered Allstate Insurance Co. to cover the living expenses of its Texas policyholders displaced by Hurricane Rita last month. Acting on a petition filed by the attorney general and the Texas Department of Insurance, …
Health care fraud is of as much concern in Europe as in the U.S. That’s the message from the second annual European Healthcare Fraud and Corruption Conference. The European Healthcare Fraud and Corruption Network (EHFCN) brought together healthcare organizations and …
The U.K.-based Lloyd’s and specialty insurer Hiscox Plc issued a statement indicating that its preliminary loss estimates from Hurricane Rita are around $70 million. Hiscox also said that, based on current industry overall loss estimates of around $45 billion it …
The U.K.’s Goshawk Insurance Holdings plc announced that it has increased its gross hurricane loss estimates from by 30 percent – from $99 million to $130 million. For Katrina Goshawk’s estimate is now up to $60 million net from an …
The European Space Agency’s Cryosat spacecraft was lost minutes after lift-off from the Plesetsk Cosmodrome in northern Russia on Saturday Oct. 8. Cryosat, which cost 135 million euros ($164 million) was designed to survey the Arctic ice cap and monitor …
