Willis to Pay $120 Million to Settle Claims Over Stanford Ponzi Scheme Role September 9, 2016 By Jonathan Stempel The insurance brokerage Willis Towers Watson Plc has agreed to pay $120 million to settle litigation accusing it of helping...
Liberty Mutual Eyes Sale of Two Office Buildings in Boston September 9, 2016 Liberty Mutual Insurance, a Boston, Mass., based property and casualty insurer, is planning to market the sale of two office...
China Opens Link for Insurers to Invest in Hong Kong Stocks September 9, 2016 China has opened up a new channel for insurers to invest in Hong Kong equities. Insurance funds are now allowed...
Greenlight Re Expanding into Europe, Asia with New Partnership September 9, 2016 By Sonali Basak Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached...
Catastrophe Bond Issuance Down But Returns Up: Aon September 9, 2016 By Sonali Basak Catastrophe-bond issuance slipped to its lowest level since 2011 over the past year as the securities outperformed the S&P 500...
Ex-AIG Chief Greenberg Won’t Surrender in 11-Year Old Reinsurance Fight September 9, 2016 By Chris Dolmetsch, Bloomberg Even at 91, former American International Group Inc. Chairman Maurice “Hank” Greenberg isn’t ready to quit fighting. Greenberg scrapped with...
Leon and Bonk Join Risk Strategies’ Midwest Private Client Practice Team September 9, 2016 Insurance and risk management firm, Risk Strategies Co., has expanded its Chicago staff with the addition of two experienced practitioners,...
OSHA Fines Alabama Meat Processing Plant $76K After Worker Loses Fingertip September 9, 2016 A meat processing plant in Bakerhill, Ala., has been fined more than $70,000 following an investigation after a worker lost...
Kentucky Workers’ Comp Loss Costs to Decrease 5 % on Oct. 1 September 9, 2016 The Kentucky Department of Insurance has approved the annual workers’ compensation loss costs filing from the National Council on Compensation...
Florida Warns of Insurance Email Scam Targeting Consumers September 9, 2016 The Florida Office of Insurance Regulation (OIR) and the Department of Financial Services (DFS) are warning state insurance consumers of...