AIG to Pay States $146 Million In Workers Compensation Settlement December 23, 2010 American International Group Inc. (AIG) has agreed to pay $146.5 million in fines and additional taxes to state insurance regulators...
Catastrophes Top 2010 List of Major Global Insurance Events December 23, 2010 Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near...
WSJ Reports AIG Nearing Nan Shan Buyer December 23, 2010 Bailed-out insurer American International Group Inc is close to picking a preferred bidder for Taiwanese life insurer Nan Shan, the...
Southeast’s Top Stories: Disasters That Happened and 1 That Didn’t December 23, 2010 By Andrew G. Simpson The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the...
New York Agents Plan Court Appeal over Pay Disclosure Rules December 23, 2010 By Kenneth J. St. Onge Two New York agents’ groups said they have taken the first steps to appeal a decision by state court judge...
Ratings: Aspen, Allianz Risk Transfer, Inter Hannover UK, Transsib Re, Jordan Insurance December 23, 2010 Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB+’ senior debt, preliminary ‘BBB’ subordinated debt, preliminary ‘BBB-‘ junior subordinated...
Insurance Year in Review: East Edition December 23, 2010 By Kenneth J. St. Onge The touchy subject of agents’ commissions dominated headlines in 2010 — particularly in New York where regulators unveiled new rules...
Peterson Named Minnesota Labor and Industry Commissioner December 23, 2010 Minnesota Governor-Elect Mark Dayton has appointed Ken Peterson to head the Department of Labor and Industry. Peterson brings public service...
Insurers’ Recent Success a Milestone in a Year of Chinese Drywall Litigation December 23, 2010 A federal judge in Louisiana recently let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from...
Democratic Congress Productive But Unpopular December 23, 2010 Perhaps never before has a U.S. Congress done more and been liked less than the one controlled by President Barack...