Supreme Court Denies Greenberg Bid to Halt New York AG’s Reinsurance Case December 12, 2016 By Lawrence Hurley The U.S. Supreme Court on Monday rejected former American International Group CEO Maurice “Hank” Greenberg’s bid to escape civil fraud...
National General Purchases Non-Standard Auto Renewal Rights from Nationwide December 12, 2016 National General Holdings Corp. has entered into a renewal rights transaction with Nationwide Mutual Insurance Co. for its personal and...
Aetna CEO Denies Obamacare Exits Were Retaliation for U.S. Opposing Humana Merger December 12, 2016 Aetna Inc.’s chief executive denied on Friday that its withdrawal from some Obamacare exchanges was in retaliation for government efforts...
NAIC Taps Former Pennsylvania Commissioner, Transamerica Exec Consedine as CEO December 12, 2016 Ten months after its last chief executive officer departed, the national organization of state insurance regulators has named former Pennsylvania...
Crawford Buys Majority Stake in ‘Uber-Like’ Field Inspection Firm WeGoLook December 12, 2016 Global claims management firm Crawford & Co. has acquired a majority interest in WeGoLook, an online and mobile inspection firm...
Reinsurer Beechwood Seeks Buyer in Wake of Backlash Over Platinum Ties: Reuters December 11, 2016 By Lawrence Delevingne The Beechwood group of reinsurance companies is in talks to sell most or all of itself after a backlash from...
Kallo to Succeed McAuliffe as President of Berkley Regional Specialty December 9, 2016 W.R. Berkley Corp. has named Miklos F. Kallo as president of Berkley Regional Specialty. He succeeds Paul S. McAuliffe, who...
Insurance Institute’s Top Safety Pick List Shrinks Under New Headlight Standards December 9, 2016 By Jamie Butters To help avoid deadly accidents, an insurance industry group raised standards for headlight performance, reducing the number of vehicles that...
A Conciliatory Airbnb Offers Guidelines for Cities’ Homesharing Regulation December 9, 2016 By Heather Somerville In a moment of peace-making with regulators, Airbnb on Wednesday released a set of policy suggestions for governments that are...
Judge Sides with Insurer in Greg Allman Movie Producer Coverage Dispute December 9, 2016 By Eriq Gardner A California federal judge has rendered a ruling on the insurance dispute that emanated from the fatal train accident during...