American International Group is expected to decide by early next week whether to enter formal negotiations with strategic investors for its Asian life insurance business, AIA, sources familiar with the process told Reuters on Wednesday. That AIG has set a …
The latest bulletin, issued at 5:00 a.m. AST by the National Hurricane Center in Miami, notes that Hurricane Danielle has weakened slightly, with “maximum sustained winds near 85 mph, 140 km/hr. with higher gusts.” The storm is presently a category …
The Association Members Workers’ Compensation Trust said it will pay dividends totaling $245,000 to New Hampshire businesses that participated in the program between 2004 to 2006. The dividends, a portion of which were previously distributed, vary between 19 percent to …
Many Americans admit to having a knowledge gap when it comes to what their home insurance actually covers, according to a new survey. Nearly one third (31 percent) of Americans don’t know how much their most valuable assets — their …
Ed Note: The original version of A.M. Best’s ratings report, which appeared on the IJ web site on August 17, contained an error in the financial figures, wrongly listing a £700,000 loss as £700 million. The article below is the …
Is your independent insurance agency or brokerage firm a great place to work? Insurance Journal is once again on the lookout for the best independent insurance agencies and brokerages in the U.S. to work for and we hope you will …
Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced from April through June compared to 43 transactions …
A second wrongful death lawsuit has been dismissed against the owner of a hotel in Independence, Wis., that burned in February 2009, killing three men. The Winona Daily News reports the lawsuit was dismissed after a “minor” settlement with building …
An investigation into what some officials say was the biggest fire in Boston in decades is getting under way. About 170 firefighters from across the city battled the nine-alarm blaze that razed a vacant warehouse in the city’s Roxbury neighborhood. …
The U.S. Occupational Safety and Health Administration has cited SeaWorld for safety violations following the death of killer-whale trainer Dawn Brancheau at its Orlando park in February. OSHA is citing SeaWorld of Florida LLC for three violations, including one that …
