Boy Scouts Must Change $2.7 Billion Sex Abuse Fund, Judge Rules August 1, 2022 By Steven Church The Boy Scouts of America must adjust their plan to create the biggest sexual abuse compensation fund in the U.S....
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market May 9, 2022 By Chad Hemenway The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace...
Russia-Ukraine a ‘Complex’ Situation for Insurance Industry: AIG CEO Zaffino May 5, 2022 By Chad Hemenway AIG CEO Peter Zaffino during the company’s most recent earnings call provided analysts with some insight regarding insurance implications from...
AIG Q1 Net Income Up as Underwriting Profit Soars May 3, 2022 First quarter underwriting profit soared as AIG reported net income of $4.25 billion compared with $3.87 billion during the 2021...
People Moves: AIG Promotes Bolt; RIMS Honors Griffith; Tokio Marine HCC Hires Ingerslev for Cyber; Frenier to Lead CAC Specialty Prof, Cyber Business Development April 14, 2022 AIG Appoints Tom Bolt EVP and Chief Risk Officer American International Group (AIG) said Tom Bolt was named Executive Vice...
AIG Looks at Cutting Insurance for Russia, Ukraine April 8, 2022 By Noor Zainab Hussain and Carolyn Cohn AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from...
Boy Scouts Abuse Settlement Attacked for Preventing Future Lawsuits April 7, 2022 By Steven Church The Boy Scouts of America’s sexual abuse compensation fund should be rejected, a small group of victims say, because the...
Boy Scouts Victims’ Fund Unfair to Insurers, Companies Argue in Court March 30, 2022 By Steven Church The Boy Scouts of America’s sexual abuse compensation fund may force insurers to make payments they can’t negotiate over, even...
Lexington Insurance Pulling Out of Florida, Other Markets for High-End Homes March 29, 2022 Lexington Insurance, an AIG company, is pulling out of the Florida homeowners market, leaving an estimated 8,000 affluent customers looking...
AIG’s Life and Retirement Unit Files for IPO March 29, 2022 The holding company of U.S. insurer American International Group Inc.’s life and retirement business, SAFG Retirement Services Inc., filed for...