Chartis News

Did New Mexico Court Open ‘Pandora’s Bong’ With Nod to Pot for Worker?

A can of worms has been opened, the horse is out of the barn and the industry is gazing into Pandora’s Box. There is no shortage of idioms for workers’ compensation experts who are concerned over a decision last week …

Tiny Southern California Agency Earns B Corp Status

Merely bringing your A-game may not be enough to entice certain companies to give you their business, especially those who are looking for environmentally or socially conscious partners. Following the challenging recession period the “green” movement seemed to take a …

September 19, 2012 Lunch Discussion: Kidnap, Ransom and Extortion

San Diego, CA, 08/29/12 – The Insurance Brokers & Agents of San Diego along with the Insurance Industry Charitable Foundation of San Diego will be hosting a lunch discussion on September 19, 2012 with guest speaker Reginald King, the West …

AIG to Revive AIG Name; Drop Chartis, SunAmerica Names: Reuters

Bailed-out insurer American International Group Inc. will resume using its brand name in public in a move to recognize the company’s turnaround, Chief Executive Bob Benmosche said on Thursday. AIG, which received $182 billion in government bailouts during the financial …

AIG’s Chartis Launches Hospitality and Leisure Industry Practice Group

AIG’s property/casualty division Chartis announced the launch of its hospitality and leisure industry practice group, which will provide specialized insurance and risk management products for the hotel, amusement, gaming, restaurant, resort and theme park segments. Lance Ewing, former vice president …

Chinese Drivers Pose Fresh Risks for Foreign Insurers

“People like us who buy Ferraris don’t care too much about insurance because we buy cars for speeding,” said Li, in his twenties and the son of a Pearl River Delta factory owner, as he took delivery of a new …

Goldman Sachs Upgrades AIG Stock to ‘Buy,’ Sees Progress at Chartis

The Goldman Sachs Group, a global investment banking and securities firm, is bullish on American International Group Inc. In a new equity research report released Wednesday, Goldman Sachs upgraded the AIG stock to “Buy” from “Neutral,” and raised its 12-month …

Chartis Names Macfarlane to Head UK Energy

Chartis announced the appointment of Tom Macfarlane to head UK Energy. He will report to Jacqueline McNamee, Executive Director, Commercial Lines UK and Alf Muller, Senior Vice President and Head of Europe Energy and Property. McNamee noted Macfarlane’s “breadth of …

Chartis No Longer Writing Excess Workers’ Comp as Stand-Alone Product

American International Group disclosed in its annual report that Chartis management decided last year to cease writing excess workers’ compensation business as a stand-alone product — as “part of its on-going initiatives to reduce exposure to capital intensive long-tail lines.” …

Low-Cost Online Commercial Lines Quoting Tool for P/C Agents Launched

The launch of a real-time commercial lines rater that gives agents access to a handful of large carriers was announced today by a division of Networked Insurance Agents. MyNTrack, a division of Grass Valley, Calif.-based Networked, integrates with the technology …