The Securities and Exchange Commission has sent subpoenas to as many as 12 executives at American International Group Inc. amid several probes into whether questionable accounting transactions were used to improperly bolster AIG’s financial standing, according to a Wall Street …
The Domestic Brokerage Group of the AIG Companies announced the formation of AIG Real Estate Solutions, a consolidated unit dedicated to serving the insurance and risk management needs of the real estate sector, including Real Estate Investment Trusts (REITs), fiduciaries …
Three more town hall meetings have been scheduled in Fort Pierce, Jupiter/Palm Beach Gardens, and Lakeland/Bartow, Fla. by CFO Tom Gallagher. The Fort Pierce meeting is scheduled April 2, 9 a.m.-noon in the Lincoln Park Academy Auditorium. Treasure Coast residents …
The recent announcement by the U.K. Government revealing a new strategy for flood management provides “a welcome step towards ensuring that the increasing flood risk is effectively managed,” said the Association of British Insurers (ABI). The “announcements show that the …
The ReAdvisory group of Carvill, a specialty reinsurance intermediary, has released a white paper that concludes the location of the Bermuda High pressure system is crucial in determining whether a hurricane will make landfall along the east coast of the …
Nuveen Investments, Inc. and The St. Paul Travelers Companies, Inc. announced that St. Paul Travelers is implementing a program to sell its equity interest in Nuveen Investments. The objective of the transactions is for St. Paul Travelers to sell its …
Mississippi House Bill 722, a measure to increase motorists’ liability insurance coverage from $5,000 to $25,000 has been send by the House to Governor Haley Barbour for his signature. “It’s just asking the public to have something that will cover …
John Rowland has had some prestigious titles in his Connecticut career: state representative, congressman, governor, even insurance agent. Last Friday, he got a new one: federal inmate No. 15623-014. And unlike the other titles, he’ll keep this one for life. …
An insurance fraud scheme that continued for 10 years and left a trail 60 arsons across southern West Virginia, including burned mobile homes, buildings and automobiles, has netted a Logan County, W.Va. woman 15 years in prison and her husband …
Standard insurance policies, standard rating territories and lowering the cap from $4.5 million to $4 million on the amount of insured losses that a company has to sustain before drawing money from the Catastrophe Fund are all provisions in two …