American International Group Inc. Chief Executive Robert Benmosche appears to be taking on one of the toughest battles of his life in his inimitable scrappy style. AIG said Monday that its 66-year-old CEO had cancer and was undergoing “aggressive chemotherapy.” …
Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and tight markets that …
Warren Buffett’s Berkshire Hathaway Monday said hedge fund manager Todd Combs would join the firm, potentially bringing the company a step closer to solving Buffett’s succession puzzle. Berkshire Hathaway owns multiple businesses concentrated in insurance as well as tens of …
Brit Insurance Holdings NV has accepted an offer to be made by Achilles, an investment vehicle under formation in the Netherlands, for the acquisition of the company’s shares. Brit, a Lloyd’s insurer, is domiciled in the Netherlands with its main …
Health care liability insurance provider American Physicians Capital Inc., based in East Lansing, Mich., announced the completion of the merger pursuant to which APCapital became a wholly owned subsidiary of The Doctors Company, a large national insurer of physician and …
A pair of Durham, North Carolina sisters has been arrested for alleged insurance fraud, according to Insurance Commissioner Wayne Goodwin. Evelyn Lee Navarro, 31, has been charged with one count of embezzlement by an insurance agent. Sophia Georgette Navarro, 25, …
The National Association of Insurance Commissioners (NAIC) elected Florida Commissioner Kevin McCarty to be president-elect effective Jan. 1, 2011 at its recent meeting in Orlando. McCarty served as vice president of the NAIC during 2010. It remains to be seen …
Louisiana’s seasonally adjusted civilian labor force in September increased 42,705 over the year and 10,462 from August, according to the Louisiana Workforce Commission (LWC). The federal Bureau of Labor Statistics (BLS) surveys a sample of households to estimate the civilian …
The Arkansas Insurance Department announced changes to its system for filing of continuing education hours by CE providers. The new program (LEO) allows providers to electronically file completions with the department by downloading a batch file or individual input of …
Bailed-out insurer American International Group said on Monday that Chief Executive Robert Benmosche has cancer and is undergoing aggressive chemotherapy. AIG said Benmosche intends to work a full schedule during his treatment, but it is also making contingency plans. Following …
