North-Central Penn. Officials: Higher Flood Insurance Rates Will Bankrupt Homeowners December 13, 2013 Residents and officials in flood-prone north-central Pennsylvania are warning that a new federal law ending subsidized federal flood insurance rates...
AIG in Talks to Sell Aircraft Leasing Unit ILFS to AerCap December 13, 2013 Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, according to reports....
ACE USA Names Sutter Senior VP for Distribution Management December 13, 2013 ACE USA, the U.S. based retail operations of ACE Group, has appointed Carl Sutter as senior vice president, Distribution Management....
Federal Auto Safety Regulator Strickland to Exit December 13, 2013 By Angela Greiling Keane, Bloomberg The top U.S. auto-safety regulator will step down, as his agency investigates fires in Tesla Motors Inc. electric cars and...
CGSC Names Baker as President of Creechurch International Subsidiary December 13, 2013 Cooper Gay Swett & Crawford (CGSC), the independent global wholesale and reinsurance brokerage group, announced the appointment of Phil Baker...
AIR Estimates Windstorm Xaver Insured Losses: $963 Million to $1.92 Billion December 13, 2013 Catastrophe modeling firm AIR Worldwide estimates that insured wind losses from Extratropical Cyclone Xaver will range between €700 million [$963...
RSA Slumps as CEO Simon Lee Resigns Amid Irish Investigation December 13, 2013 By Gavin Finch and Sarah Jones RSA Insurance Group Plc Chief Executive Officer Simon Lee resigned as the company bolstered reserves in Ireland. The shares fell...
Safety Regulator Completes Crackdown on Bus Companies December 13, 2013 By Jeff Plungis The U.S. Transportation Department, under scrutiny after a watchdog questioned its oversight of bus companies, pledged to do deeper investigations...
Alabama Supreme Court Upholds $7.5M Defamation Jury Award December 13, 2013 The Alabama state Supreme Court has upheld a jury’s decision to award an Iranian-born businessman $7.5 million in a 2011...
QBE Bond Risk Surges as U.S. Expansion Sours: Australia Credit Risk December 13, 2013 By Narayanan Somasundaram Bond risk on QBE Insurance Group Ltd. halved in the first 11 months of the year before surging this month...