Latest AIA Headlines
All the headlines from our AIA Topic Page, ordered by recency.
As China’s Insurance Market Liberalizes, There Will Be Many Winners: Opinion
Nov 13 2017 // Foreign insurers, especially AIA Group Ltd., can break out the champagne: China’s opening of its financial markets is great news. The day after U.S. President Donald Trump left Beijing with billions of dollars of...
AIA Buys Commonwealth Bank of Australia’s Life Insurance Business for A$3.8B
Sep 21 2017 // AIA Group Ltd. agreed to buy Commonwealth Bank of Australia’s life insurance business for A$3.8 billion (more than $3 billion), in its most ambitious foray beyond the Hong Kong-based company’s core markets in...
AIA and Zurich Make Separate Bids for Australian Insurance Businesses: Reuters
Sep 15 2017 // Hong Kong-based insurance giant AIA Group Ltd. has shown interest in buying Commonwealth Bank of Australia’s insurance business, which is likely to be valued at about $4 billion, people with knowledge of the matter...
House Committee Advances 2 Flood Insurance Bills; More to Come
Jun 16 2017 // The House Financial Services Committee on Thursday passed two bills to reform the National Flood Insurance Program (NFIP). One is a broad reform proposal that seeks to encourage more private insurance and move the program...
Texas Lawmakers Pass ‘Hailstorm’ Litigation Bill
Jun 5 2017 // Legislation backed by the insurance industry and some Texas business groups that curtails the ability of policyholders to sue insurance companies over property claims following extreme weather events passed the state...
Update: Insurers Sound Alarm Over Liability Law Restatement; Vote Delayed
May 22 2017 // Liability insurers, their lawyers and their regulators are holding their collective breath that a scheduled vote this week on a proposed restatement of law regarding liability insurance will not happen. If approved, the...
Texas ‘Hailstorm’ Litigation Bill Headed to Governor’s Desk
May 17 2017 // Legislation backed by the insurance industry and some Texas business groups that curtails the ability of policyholders to sue insurance companies over property claims following extreme weather events has passed the state...
Koch Institute’s Seidel Joins Insurance Group AIA in Public Affairs Role
May 16 2017 // The American Insurance Association (AIA) said that Maggie Seidel has assumed the position of vice president for public affairs. In her role as vice president for public affairs, Seidel will lead AIA’s media relations...
Illinois’ Cost per Workers’ Comp Claim Trending Down
May 15 2017 // The average total cost of a workers’ compensation claim in Illinois has dropped by 6.4 percent since 2010, but the state still has relatively high costs per claim, according to a report by the Workers Compensation...
Insurance Industry-Backed Storm Damage Bill Passes Texas House
May 15 2017 // The passage in the Texas House of a bill limiting liability for property insurance companies sued by policyholders following weather related events has given the insurance industry, which lobbied strongly for the bill,...
CEO Pusey to Leave Insurer Trade Group AIA for Eli Lilly
May 10 2017 // The American Insurance Association (AIA) announced today that President and CEO Leigh Ann Pusey will be stepping down on June 9, after leading the organization since 2009. Pusey is leaving to join global pharmaceutical...
Insurer Group: Illinois Workers’ Comp Bills Would Disrupt Private Market
May 1 2017 // Two pieces of legislation recently passed by the Illinois House would harm the workers’ compensation system in the state, a national insurer group says. American Insurance Association (AIA) said HB 2525 would require...
Hartford’s Swift Re-Elected as AIA Chairman
Mar 9 2017 // Christopher J. Swift, chairman and CEO of The Hartford, has been reelected as chairman of the board of directors of the insurer trade group, the American Insurance Association (AIA). Swift joined The Hartford in March 2010...
New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact
Mar 1 2017 // As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to...
Illinois Workers’ Comp Reform Proposal the Wrong Approach: Insurer Groups
Jan 23 2017 // Insurance industry lobbying groups have spoken out against a proposed amendment to an Illinois statute that would give insurance regulators in that state more control over workers’ compensation rates. Illinois House...
Trade Group: Workers’ Comp Reform Among Key Issues for Illinois Insurers
Jan 19 2017 // Workers’ compensation, commercial insurance purchasing rules and auto insurance verification are among key challenges for insurers in Illinois legislative session, a national insurance trade organization...
Insurers Object to Workers’ Comp Reform Proposal in Illinois
Jan 11 2017 // Insurance industry lobbying groups are speaking out against a proposed amendment to an Illinois statute that would give insurance regulators in that state more control over workers’ compensation rates. Illinois House...
AIA Names Merz Vice President of the Western Region
Jan 6 2017 // The American Insurance Association has named Jeremy Merz vice president of state affairs for Western region. The appointment is effective Jan. 9. Merz was most recently a lobbyist for the California Chamber of Commerce. He...
ANZ’s Life Unit Attracts Interest from Suitors in Japan & Hong Kong: Sources
Nov 18 2016 // Australia and New Zealand Banking Group’s sale of its life insurance and wealth business, which has been valued at $3.33 billion by the bank, is attracting interest from Japan’s Meiji Yasuda and Hong Kong-based...
Oklahoma Workers’ Comp Opt Out Ruled Unconstitutional
Oct 3 2016 // It’s back to the drawing boards for proponents of workers’ compensation alternatives now that the Oklahoma Supreme Court has ruled that the state’s Opt Out Act is unconstitutional. The high court’s...
