Markets
1,000 Talc-Cancer Suits Head J&J’s Way After $55M Verdict Loss
Johnson & Johnson must pay $55 million to a 62-year-old South Dakota woman who blamed her ovarian cancer on the company's talcum powder in the second such trial loss this year. J&J is accused ...
AIG CEO Hancock: Revamp Plan Will Work Without More Drastic Action
More than two months after activist billionaire investors Carl Icahn and John Paulson gained seats on American International Group's expanded board, observers have wondered: Will their presence ...
AIG, Burned by Hedge Fund Losses, Will Redeem $4.1B of Those Holdings
American International Group Inc., the insurer burned by losses on hedge funds, has submitted notices of redemption for $4.1 billion of those holdings through the end of the first quarter. "As of ...
Executives On The Move at AmTrust, Ironshore, Everest Re and More
AmTrust hired a former Validus and ACE executive to serve in a key leadership position. Ironshore is bringing on an ex-Swiss Re executive to be head of surety for its Latin American division. A ...
Another Unprofitable Quarter For AIG, Thanks to Hedge Funds
American International Group Inc., the insurer that's shrinking under pressure from activist shareholders, posted a third-straight unprofitable quarter on losses from hedge funds and declines in the ...
Ex-AIG Exec to Succeed David Duclos as CEO of QBE North America
A former AIG executive is joining QBE with plans to become CEO of its North American operations. Russell Johnston will succeed David Duclos in the role of QBE CEO for its North American operation ...
Wide Automation in Underwriting Helps Personal Lines Insurers Most: Celent
Personal lines insurers are most likely to benefit from wide uses of automation in underwriting, a new report has found. "They are more likely to have a homogenous book of business and a standardized ...
State Auto Dives Due to Continued Higher Auto Loss Costs
Ohio-based State Auto Financial Corp. announced first quarter 2016 net income of $3.0 million, or $0.07 per diluted share, versus net income of $24.7 million, or $0.60 per diluted share, for the ...