Latest AIA Headlines
All the headlines from our AIA Topic Page, ordered by recency.
Insurers Balk at FTC Order for Consumer Data in Credit Score Probe
Dec 23 2008 // The Federal Trade Commission’s (FTC) decision to order insurance companies to provide a wide array of consumers’ personal information in connection with a study of credit-based insurance scores and homeowners...
Insurers Urge Surcharges, Reforms to Fix North Carolina Beach Plan
Dec 3 2008 // Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to...
China Life Interested in Acquring AIG Asia Assets
Nov 24 2008 // China Life Insurance Co, the world’s biggest life insurer by market value, is interested in buying Asian assets of American International Group, a senior China Life manager briefed on the situation said on...
Fire Victims Should Seek Safety, Make Contact with Insurers
Nov 18 2008 // As firefighters work to contain the Tea, Sayre, and Freeway Complex fires throughout Southern California, property/casualty insurance companies are on the ground reaching out to policyholders to facilitate immediate...
Racicot Steps Down; Pusey Takes Helm as Insurer Group’s CEO
Nov 14 2008 // Gov. Marc Racicot will leave his position as the president and CEO of the American Insurance Association (AIA), effective Feb. 1, 2009. Racicot served more than three years as the leader of the the AIA, a property/casualty...
Ex-CEO Greenberg Sees Value in AIG Asian Operations
Nov 13 2008 // Maurice “Hank” Greenberg, former CEO of American International Group Inc., said he would consider buying AIG’s Asian life insurance operations if the firm were to put this flagship business on the...
Property/Casualty Insurers on Government Rescue Funds: No Thanks
Nov 2 2008 // Following reports that the U.S Treasury is considering adding life, bond and mortgage insurance companies to its list of beneficiaries for some of the $700 billion federal bailout package, property/ casualty insurers are...
Property/Casualty Insurers on Government Rescue Funds: No Thanks
Oct 27 2008 // Following reports that the U.S Treasury is considering adding life, bond and mortgage insurance companies to its list of beneficiaries for some of the $700 billion federal bailout package, property/casualty insurers are...
Florida Supreme Court Overturns Workers’ Comp Attorney Fee Limits
Oct 24 2008 // The Florida Supreme Court announced its final ruling in Murray v. Mariners Health/ACE USA, reinstating hourly attorneys’ fees in workers compensation cases. In response to the announcement, William Stander, assistant...
India’s Tata Sons Eyes Stake in AIG Asia Unit, Sources Say
Oct 17 2008 // India’s Tata Sons has been in talks to buy a stake in AIA, a major Asian unit of American International Group, sources close to the matter said. The U.S. insurance giant has been seeking to sell assets after nearly...
Ohio Supreme Court Upholds Landmark Asbestos Reform Law
Oct 16 2008 // An Ohio Supreme Court ruling upholds the nation’s first asbestos litigation reform legislation, thereby helping truly sick victims of asbestos exposure get compensated quickly and fairly for their injuries, according...
AIG Singapore Head Resigns
Sep 22 2008 // The head of the Singapore unit of troubled insurance giant American International Group Inc. resigned Friday after 14 years with the company. Mark O’Dell, general manager of AIA Singapore, has left and Executive Vice...
South Carolina Coastal Risk Conference Garners Insurer Support
Sep 18 2008 // The American Insurance Association is participating in this week’s conference “Out of the Storm: Confronting America’s Catastrophic Risk Crisis,” organized by the South Carolina Department of...
Insurers Seek Veto of California Workers’ Comp Bills
Sep 17 2008 // The American Insurance Association says three measures on the way to California Gov. Arnold Schwarzenegger’s desk should be vetoed because they will increase employers’ costs for workers’ compensation,...
Procope Honored by African American Insurance Association
Jul 18 2008 // Ernesta G. Procope, chairman and founder of insurance broker E.G. Bowman Co., has received a lifetime accomplishment award from the National African American Insurance Association, New York Tri-State Chapter. Procope was...
State Regulators Consider Centralizing Market Conduct Reporting
Jun 16 2008 // State insurance regulators want to centralize the filing and storage of their annual market conduct reports on insurance companies. The regulators are reviewing a proposal that would allow insurers to make one filing, as...
State Regulators Consider Centralizing Insurance Market Conduct Reporting
May 30 2008 // State insurance regulators want to centralize the filing and storage of their annual market conduct reports on insurance companies. The regulators are reviewing a proposal that would allow insurers to make one filing, as...
Insurer Group Criticizes Michigan House Legislative Proposals
May 2 2008 // The American Insurance Association (AIA) criticized the legislative actions of the Michigan House Democrats’ claiming the proposals do little to address the flaws in the state’s insurance market. “Once...
National Group Says Iowa Legislature Ends on Mixed Note for Insurers
Apr 29 2008 // The 2008 Iowa legislative session ended with mixed results for the insurance industry, according to the American Insurance Association (AIA). “Iowa’s Legislature was highly active on insurance issues this year...
Another Insurance Association Joins Fight to Defeat Colorado Auto Rate Bill
Apr 17 2008 // Another insurance association is joining in the fight to defeat Colorado House Bill 1389. The Fair Accountable Insurance Rates Act is expected to be heard in the House Business Affairs and Labor Committee on Thursday,...
