Latest AIA Headlines
All the headlines from our AIA Topic Page, ordered by recency.
Cobb Honored with ICT’s Raymond Mauk Award
Jul 18 2013 // The Insurance Council of Texas presented Ron Cobb, counsel to the American Insurance Association (AIA), with the Raymond Mauk Leadership Award on July 18, in Austin, at ICT’s 21st Annual Mid-Year Property and...
Groups Warn N.Y. Assembly’s Insurance Reform Bills Have Potential to Backfire
Jun 6 2013 // Industry groups are warning that the New York State Assembly’s recent approval of the post-Sandy insurance reform package has the potential to backfire and are urging the state Senate not to take up this...
Business Moves
Jun 3 2013 // Turner Barker, Clark Insurance Turner Barker Insurance, previously a subsidiary of Gorham Savings Bank, has completed its merger transaction with Clark Insurance. Both agencies are based in Portland, Maine. The deal was...
‘Major Disaster’ Declared in Wake of Deadly Oklahoma Tornadoes
May 21 2013 // An estimated EF4 tornado with a wind range of up to 200 mph roared through the Oklahoma City suburb of Moore, Okla., on May 20, leaving behind massive devastation and at least 24 confirmed dead. Earlier media reports...
CBIZ Acquires Minnesota’s Associated Insurance Agents
May 7 2013 // CBIZ Inc. announced it acquired Associated Insurance Agents (AIA), of Minneapolis, Minn., effective May 1, 2013. Established in 1982, AIA is an insurance brokerage agency specializing in property and casualty insurance,...
UK’s Prudential Fined $45 Million for Hiding AIA Takeover Plans
Mar 27 2013 // Prudential, Britain’s largest insurer, has been fined £30 million ($45.4 million) for failing to tell the UK financial regulator about its attempted takeover of Asian rival AIA three years ago. The Financial...
Texas Lawmaker Scolds Insurance Industry over Coastal Coverage
Mar 14 2013 // A state senator in Texas is taking the insurance industry to task for what he perceives as its disinterest in coming up with new approaches to solving coastal windstorm insurance issues. In a Senate committee meeting on...
Liberty Mutual PR Exec DiGiovanni to Rejoin AIA as Senior VP for State Affairs
Mar 13 2013 // American Insurance Association (AIA) appointed Joseph DiGiovanni as its new senior vice president for state affairs.Joseph DiGiovanniMost recently, DiGiovanni served as vice president of public affairs at Liberty Mutual...
Industry Group Testifies on Sandy Claims Handling Process in New York
Feb 27 2013 // An insurance industry association testified about insurers’ response to Superstorm Sandy and the lessons learned at a hearing Tuesday before the New York Assembly Standing Committee on Insurance. The American...
AIG May Raise up to $6.5 Billion through AIA Share Sale – Sources
Dec 17 2012 // American International Group may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia’s second-largest block sale ever, exiting a business the U.S. insurer started nearly 100...
Aviva Names ex-AIA Chief Wilson as New CEO
Nov 21 2012 // The UK’s Aviva plc announced that Mark Wilson will join the board of the Company on December 1st, 2012 and will become chief executive officer effective January 1, 2013. John McFarlane, chairman of Aviva, who has...
South Carolina Names Insurance Lobbyist Farmer as Insurance Chief
Nov 13 2012 // Ray FarmerSouth Carolina Gov. Nikki Haley has named Ray Farmer as the state’s new insurance regulator. Farmer is a lobbyist with the property/casualty insurance trade group, the American Insurance Association. Farmer...
ING to Sell Malaysian Insurance Unit to AIA for $1.73 Billion
Oct 11 2012 // Pan Asian insurer AIA Group Ltd has agreed to buy ING’s Malaysian insurance operations for $1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off Asian...
AIG Sells AIA Shares at Surpise Premium, Raises $2 Billion
Sep 7 2012 // American International Group Inc. said it raised $2.02 billion through the sale of a partial stake in its former Asian unit AIA Group Ltd, placing the shares at a surprise premium although analysts were disappointed at the...
AIA Comments on Latest IAIS Draft Rules on Global Insurance Supervision
Sep 5 2012 // The American Insurance Association has submitted comments in response to the International Association of Insurance Supervisors’ (IAIS) July 2, 2012 Public Consultation Document entitled “Working Draft of the...
Bid Deadline Nears for ING’s Asia Insurance Business
Jul 16 2012 // A wide range of suitors, from the son of Asia’s richest man and a former rugby player in New Zealand to more established players including AIA Group and Manulife Financial Corp, are expected to submit binding bids on...
Blackstone Backs ex-AIA Chief in ING Asia Sale Race: Source
Jul 12 2012 // Global private equity fund Blackstone Group LP is backing Mark Wilson, the former chief of AIA Group Ltd, in the bidding for ING Groep NV’s Asia insurance unit, a source directly familiar with the matter said. The...
Texas Supreme Court: Bad Faith Tort Inconsistent with Workers’ Comp System
Jun 25 2012 // In what has been called a landmark decision, the Supreme Court of Texas has found that a bad faith cause of action is inconsistent with the current workers’ compensation system. The Court’s decision strengthens...
AIA Endorses Invitation to Mexico to Join Trans-Pacific Partnership
Jun 20 2012 // David F. Snyder, vice president and associate general counsel at the American Insurance Association, has issued a statement endorsing Mexico’s invitation to join the Trans-Pacific Partnership (TPP). The proposed...
AIA Calls for More International Market Access for U.S. Insurers
May 23 2012 // The American Insurance Association has issued a statement, which points out several instances of a “disconnect between the continued significant global insurance capacity and a strong demand for insurance products...
