How AIG CEO Hancock Ended Up on Way Out March 10, 2017 By Sonali Basak Before he lost the confidence of big-name investors and his company’s board members, Peter Hancock squandered the faith of many...
AIG CEO Hancock to Depart Under Pressure from Icahn, Other Investors March 9, 2017 By Katherine Chiglinsky, Lisa Du and Sonali Basak American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters, results...
What’s Up with Salaries at Insurance Agencies? March 9, 2017 By Andrea Wells Salaries for insurance agency management, owners, principals and producers were up in 2016. Total compensation for support staff also increased,...
Weather Events in U.S., Australia Cost Insurers $1B+ in February: Aon March 9, 2017 Insurers face claims of more than US$1.0 billion as a result of severe weather events in the U.S. and Australia...
Judge Dismisses Shareholder Lawsuit Against Chipotle March 9, 2017 By Jonathan Stempel Chipotle Mexican Grill Inc. on Wednesday won the dismissal of a lawsuit claiming it defrauded shareholders about its ability to...
Hartford’s Swift Re-Elected as AIA Chairman March 9, 2017 Christopher J. Swift, chairman and CEO of The Hartford, has been reelected as chairman of the board of directors of...
WikiLeaks Documents Shows CIA Worried About Connected Vehicle Cybersecurity March 9, 2017 By Alexandria Sage WikiLeaks documents showing the U.S. Central Intelligence Agency considered a “mission” against connected car technology underscores auto industry concern that...
Trump University Settlement May Not Be Done Deal After All March 9, 2017 By Alison Frankel The private lawyers who reached a proposed $25 million settlement last November with then President-elect Donald Trump, resolving class action...
AmWINS Elects Cooper as Vice Chairman of Board March 8, 2017 Specialty wholesale insurance broker AmWINS Group Inc. announced the election of W.H. “Skip” Cooper as vice chairman of its board...
Wholesale Broker Groups NAPSLO, AAMGA Merging to Form WSIA March 8, 2017 By Andrew G. Simpson The insurance industry could soon have a new acronym: WSIA. Introducing the Wholesale and Specialty Insurance Association (WSIA). That’s the...