A consumer advocacy group says the property/casualty insurance industry has been getting a sweet deal worth about $7 billion as a result of the federal government’s program to help pay terrorism insurance claims after private insurance is exhausted. An industry …
American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of its key commercial lines executives for Berkshire Hathaway. “It’s business as usual,” said spokesperson Matthew Gallagher, speaking about AIG’s …
Congress appears ready to take up gun control legislation for the first time in years, with proposals under consideration focusing on background checks, straw purchases and money for school safety. If the debate stays on those issues, the insurance industry …
The near-collapse of American International Group (AIG) in 2008 came about because of the scare tactics and political ambition of one man — then New York Attorney General Eliot Spitzer, according to Maurice “Hank” Greenberg, former chairman and CEO of …
Insurance Journal‘s own Don Jergler recently tackled the controversy triggered when Yahoo ended its liberal work-at-home policy. The tech firm decided that employees who work in offices with others have more opportunities to collaborate and be creative. Retailer Best Buy …
From 1967 until March 2005, Maurice “Hank” Greenberg, now chairman and CEO of Starr Cos., helped build American International Group (AIG) into the world’s largest insurer with a market value of $180 billion, forging relationships, opening markets and inventing products …
A plaintiff seeking class action status for a claim may not bypass federal court for a friendlier state court by agreeing to cap damages below the $5 million threshold for cases federal law says companies have a right to be …
To boost their profitability, agencies make investments all the time in people and technology, as well as in other businesses through acquisitions. But Dan Epstein, CEO of ReSourcePro, says there is another often overlooked source of improved profitability buried in …
In a major personnel move, global wholesale insurance and reinsurance broker Cooper Gay Swett & Crawford has appointed Shaun Hooper as president and chief executive officer of its wholesale, reinsurance broking and underwriting operations in North America. Hooper replaces J. …
The political stalemate in Washington regarding the deficit and sequestration is not as dire or depressing as most people and pundits proclaim, and is in fact a positive sign that the country is grappling with important matters, according to a …
