Articles by Noor Zainab Hussain, Carolyn Cohn and Suzanne Barlyn

Insurers Face Big Claims from Victims’ Families After Boeing 737 MAX Crash: Sources

Boeing Co.’s insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said. An Ethiopian …

Industry Eyes Renewal of U.S. Terror Reinsurance and Alternatives Should Congress Fail

U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The program, which expires at the end of 2020, was …

AIG Reports Q4 Loss on Catastrophes, Lower Investment Returns

American International Group Inc. on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market. Excluding realized investment gains and losses and some other items, AIG …

Senior Care Facilities and Their Insurers Try to Keep Up with Aging America’s Falls

Last March, a 103-year-old resident of a Sunrise Senior Living facility in Willowbrook, Illinois, went on a field trip to the movies. Ruth Smith, who used a walker, fell down two concrete steps in the theater and died about six …

SEC Wants More Details from AIG on Berkshire Reinsurance

The U.S. Securities and Exchange Commission told American International Group Inc. to improve disclosures about its use of reinsurance to mitigate losses in its property and casualty unit, according to correspondence made public on Friday. After reviewing AIG’s 2017 annual …

AIG Winds Down Iran Business It Acquired Along With Validus

American International Group Inc. is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump administration, according to a filing. Validus …

John Hancock Will Only Sell Interactive Life Insurance with Fitness Data Tracking

John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. …

CEO Duperreault Bets on Underwriting Culture, Greenberg Ways in Restoring AIG to Greatness

Brian Duperreault, who rejoined American International Group Inc. as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness. In 1973, Duperreault arrived at AIG’s old …

Prudential Joins Direct-to-Consumer Movement

Prudential is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field. The direct-to-consumer service marks a …

Lloyd’s Provides Insurance for Cryptocurrency Storage

Kingdom Trust, a company that stores digital currency for investors, has secured insurance coverage through Lloyd’s of London to protect against theft and destruction of those assets, the company said on Tuesday. The move by Kingdom Trust, which has $12 …