Content from Andrew Simpson
Starr Gets Philippine General Insurance License
Starr International Insurance (Asia) Limited has received approval from the Philippine Insurance Commission to establish a branch office to provide general insurance. Starr's Philippine operation ...AIG Reports P/C Underwriting Profit for Q1
American International Group Inc.'s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher ...AIG Moves Quickly to Replace Key Execs Lured by Berkshire
American International Group (AIG) announced replacements for three of the four high-level executives who jumped ship last Friday to join Berkshire Hathaway insurance operations and potentially ...AIG $10B Lawsuit Over Mortgage Losses Given Green Light for State Court
A federal appeals court ruled in favor of American International Group Inc. by concluding that the insurer's $10 billion lawsuit against Bank of America Corp. over mortgage losses belongs in state ...95% of N.Y. Sandy Claims Closed
Almost 95 percent of Superstorm Sandy-related personal and business insurance claims in the New York State have now been closed, regulators reported. The states compiles data from 24 major insurers ...
Supreme Court Limits U.S. Courts’ Jurisdiction in Foreign Human Rights Cases
In a closely watched ruling that left questions unanswered, the U.S. Supreme Court said on Wednesday that federal courts do not have jurisdiction to hear lawsuits against foreign corporations accused ...FBI Calls Boston Marathon Bombings ‘Potential’ Terrorist Act; III’s Hartwig Safe at Scene
The death toll from the bombings at the Boston Marathon has risen to three. More than 140 people are being treated at area hospitals for injuries, some of them grave and involving amputations. There ...Greenberg’s View: AIG, Inside vs. Outside Directors and Arthur Levitt
Former AIG CEO and Chairman Maurice "Hank" Greenberg warned against the movement to install more outside directors on corporate boards long before a group of outsiders took over American ...