Former longtime AIG chief Maurice “Hank” Greenberg and another former executive will get $60 million from the company’s insurers to cover legal and other costs as part of a proposed settlement of investor lawsuits, court papers show. The payouts to …
Hurricane Earl battered North Carolina’s coast with rain, winds and waves Friday and swirled up the U.S. eastern seaboard toward New England and Canada as a weakened but still dangerous storm. The impact of the Category 2 storm appeared to …
Former longtime AIG chief Maurice “Hank” Greenberg and another former executive will get $60 million from the company’s insurers to cover legal and other costs as part of a proposed settlement of investor lawsuits, court papers show. The payouts to …
The Insurance Agents & Brokers, a partnership of agents’ associations in Delaware, Maryland and Pennsylvania has elected new directors. Chairman David Rosenkilde, of ABCO/ICS Insurance Services Inc., in Reisterstown, Maryland, and Vice chairman Robert B. Hall, of Francis Hall Insurance …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of AMEX Assurance Company, a wholly owned subsidiary of American Express Company. The outlook for both ratings is stable. The ratings reflect …
Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States. The new sales representatives include: James Algeo serves the Northeast …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based Catlin Insurance Company Limited (CICL), Catlin Insurance Company (UK) Ltd. Houston-based Catlin Insurance Company, Inc. (CICI) and Delaware-based Catlin …
At least 80 Claymont, Delaware residents have joined a damage and personal-injury lawsuit targeting a long-troubled steel recycling plant there, in a case that claims owners failed for years to control “poisonous clouds” of toxic dust. The lawsuit surfaced days …
State fire marshal’s investigators are probing five separate arsons that caused heavy damage to buildings and vehicles in northern New Castle County. Authorities said the fires were set 2 a.m. and 5:30 a.m. Wednesday and targeted at two vacant dwellings, …
The Oklahoma Department of Insurance announced it is expanding its use of the Web-based State Based Systems (SBS) to improve back-office processing of insurance regulation. SBS is a solid, web-based solution that supports all aspects of insurance regulation via a …
