Markets
The Latest Launches from Great American, Allianz and Validus
Great American Insurance Group launched a professional liability endorsement covering the administration of a drug to counteract opiates such as heroin. Validus Holdings subsidiary Talbot ...
AIG Targets Wealthy Canadian Clients With Home Construction Risk Reduction Program
AIG launched a new risk-reduction service for wealthy clients in Canada whose high-priced homes are under construction. The mega-property-casualty insurer said that its AIG Insurance Company of ...
Allianz’s PIMCO Boosts Treasuries Stake to 25-Month High
Pacific Investment Management Co.'s Total Return Fund increased its stake in U.S. government debt to a 25-month high in July as rally in Treasuries pushed yields to an all-time low and then fizzled. ...
Pacific Gas & Electric Found Guilty of Federal Charges in CA Pipeline Blast
Pacific Gas & Electric Co was found guilty on Tuesday of several federal charges stemming from a natural gas pipeline explosion in California that killed eight people and injured 58 others in ...
AIG CEO Worried More About Boosting Returns Than ‘Too Big to Fail’ Status
American International Group Inc. Chief Executive Officer Peter Hancock said he's more focused on boosting returns than worrying about the government's classification of his company as too big to ...
Ultra-High-Value Clients Require Customized Coverage, Enhanced Service
Carriers pursuing ultra-high-value clients must be willing to enhance customer service and customize workflows to fulfill the unique needs of this complex segment, according to a new brief from ...
Yale, NYU, MIT Face Federal Suits Alleging Excessive Retirement Plan Fees
Three well-known U.S. universities, MIT, New York University and Yale, have been accused of charging millions of dollars in excessive fees to participants in their retirement plans, according to ...
Media Vet Business Insurance Abruptly Shuts Down; Industry Consolidation, ‘Continued Structural Changes’ Blamed
Business Insurance, a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The ...