News
A British EU Exit Could Kill 34,000 London Jobs, IUA Warns
A British exit from the European Union would cause grave damage to the London market and the loss of thousands of jobs, according to a position paper from the International Underwriting Association ...
Eastern Canadian Province Slaps 15% Sales Tax on Insurance Policies
The eastern Canadian province of Newfoundland and Labrador is imposing a new 15 percent retail sales tax on home, auto and business insurance policies. Effective July 1, 2016, all new or renewing ...
Casualty Actuarial Society Honors 4 Universities
The Casualty Actuarial Society (CAS) has selected four universities to receive the 2016 CAS University Award, an honor created to recognize schools doing exemplary work in preparing students for a ...
New Vehicles Still Being Sold With Defective Takata Air Bags
Toyota Motor Corp., Fiat Chrysler Automobiles NV, Volkswagen AG and Mitsubishi Motors Corp. are still selling new vehicles with defective air bags that will eventually need to be recalled, according ...
Former AIG Chairman Greenberg Ordered to Face Trial in N.Y. Suit
New York's highest court again rejected a bid by former American International Group Inc. Chairman Maurice "Hank" Greenberg to dismiss the state's decade-old fraud suit against him, clearing a path ...
Ex-AIG Dealmaker Schreiber Joins Carlyle Group’s Revamped Financial Services Team
Global alternative asset manager The Carlyle Group reported that Brian Schreiber, who left American International Group (AIG) in February after a 20-year career at the global insurer, will become a ...
U.S., Other Business Groups Say China’s Cyber Rules for Insurers Go Too Far
Controversial cyber security regulations for China's insurance industry, now before the World Trade Organization (WTO), could soon take effect despite efforts by foreign business groups to persuade ...
AIG to Appeal California Ruling Allowing PIMCO Suit to Proceed
American International Group Inc. failed to persuade a judge to throw out a lawsuit by Pacific Investment Management Co. over investments that were wiped out because of the insurer's exposure to ...