News
U.S. Bond Funds Sue Puerto Rico Over Bankruptcy Law Changes
U.S. mutual funds holding about $1.7 billion in Puerto Rico debt have sued the cash-strapped commonwealth, accusing the Caribbean island of passing an act modeled after the U.S. bankruptcy code in ...
Ex-AIG CEO Greenberg Loses Supreme Court Appeal Over Company’s Bailout
The U.S. Supreme Court on Monday rejected an appeal by former American International Group Inc Chief Executive Maurice "Hank" Greenberg, who accused the Federal Reserve Bank of New York of unlawfully ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Prince Charles Calls for Action on Climate Change at IIS Conference
HRH Charles, the Prince of Wales, addressed the International Insurance Society on Wednesday June 25. Speaking to a full house, the heir to the British throne called the gathering "a vitally ...
Crum & Forster Names Chief Claims Officer
On Friday, Crum & Forster announced that Anthony R. Slimowicz will join the firm as senior vice president and chief claims officer effective June 30, 2014. He will report to Doug Libby, chairman ...AIG Endorsement Responds to Supreme Court ‘Fraud on the Market’ Ruling in Halliburton
American International Group, Inc. insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as ...
Another Climate Report Outlines Business Risks, Insurance Pitfalls
"Risky Business: The Economic Risks of Climate Change to the United States," a report on climate change and how it will affect businesses, offers a variety of information on how a changing world will ...
Carrier M&A Deal Counts Down, But Values Up Midyear: SNL
Merger and acquisition deal counts for the insurance industry jumped 20 percent through midyear, but broker deals drove the increase while carrier deal counts fell, according to a report from SNL ...
CFO Levy to Lead Re Division at Munich Reinsurance America Replacing Albo
On Thursday, Munich Reinsurance America announced that Chief Financial Officer Steven Levy has been named president of the Reinsurance Division, effective October 1, 2014. Levy replaces Pina Albo, ...