Industry News
Zurich Insurance Probe Finds CFO Wasn’t Under Undue Pressure Before Suicide
Zurich Insurance Group AG, Switzerland's biggest insurer, said a probe into the suicide of Pierre Wauthier showed that no "undue pressure" was exerted on the chief financial officer before his ...Louisiana’s Citizens Settles Remaining Claims Over 2005 Storms
Louisiana Citizens Property Insurance Corp., the state-run insurer of last resort, has settled the remaining claims in a class-action lawsuit tied to how it handled claims after hurricanes Katrina ...AIG Overhauls Porfolio Team: Cornell to Run Bonds, Schreiber to Manage Alternatives
American International Group Inc. named Brian Schreiber and Geoffrey Cornell deputy chief investment officers as the insurer revamps oversight of its $358.3 billion portfolio. Schreiber, 48, will ...
Insurer Seeks to Rescind Robotic Surgery Company Policy
Intuitive Surgical Inc., the maker of robotic-surgery devices targeted by patient lawsuits, was sued by an insurer alleging the company hid the number of legal claims it might face when buying ...
AIG Earnings Show Progress and Room for Improvement: Analysts
American International Group Inc. reported earnings nearly in line with expectations on Thursday, but the stock fell after hours as analysts still saw room for improvement in the insurer, which ...
Future Northeast Storms Could Be Worse Than Sandy: Karen Clark Report
The unusual track of Superstorm Sandy makes the likelihood of such a storm occurring again very low, but future Northeast storms following more probable tracks could cause much far more damage, ...
Conning Boosts Muni-Bond Investments as U.S. States Stabilize
Conning, which oversees $9 billion in municipal debt for insurance companies, says it's boosting its allocation to the local bonds as U.S. states' economic health stabilizes four years after the ...
AIG Says NY Probing If ALICO Misled Regulator, Lacked License
American International Group Inc. said regulators in New York are probing whether former subsidiaries lacked proper licenses and provided misleading information. The insurer is responding to requests ...