2010’s Top Insurance Stories in the West December 23, 2010 By Patricia-Anne Tom In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of...
SPECIAL REUTERS REPORT: Inside AIG’s Tortuous Turnaround December 22, 2010 By David Lawder and Paritosh Bansal During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group...
Top Brokers, Munich Re Pool Efforts to Expand Insurance for Oil Drilling December 22, 2010 By Ben Berkowitz and Jonathan Gould The world’s top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for...
Ullico Casualty Increases Fiduciary Liability Limits December 21, 2010 Ullico Casualty Group Inc., a wholly-owned subsidiary of Ullico Inc., has increased its fiduciary liability insurance limits from $15 million...
New York May Sue Accountant Over Lehman Collapse December 21, 2010 By Emily Chasan A possible civil fraud case against Ernst & Young LLC over its role in the collapse of Lehman Brothers could...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission December 21, 2010 By Andrew G. Simpson Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help...
U.S. Treasury’s AIG Fix-It Man Ready for Next Assignment December 21, 2010 By David Lawder and Paritosh Bansal Jim Millstein is no stranger to troubled companies. With a long career as a bankruptcy lawyer and former head of...
Texas November Enforcements Result in Nearly $215K in Fines, Restitution December 21, 2010 Enforcement actions taken by the Texas Department of Insurance that became final during November 2010 include 10 license revocations, and...
U.S. Treasury Plans 2 Large AIG Stock Sales in 2011 December 21, 2010 By David Lawder and Paritosh Bansal The U.S. Treasury Department plans to sell a large piece of its stake in American International Group in two stock...
Washington Hearing Possible on Calif. Gas Pipe Explosion December 21, 2010 Federal investigators may subpoena witnesses to testify in Washington about the deadly Pacific Gas & Electric Co. natural gas pipeline...