News
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 ...
Insurance has always been about helping people and businesses navigate uncertainty. While most insurance policies cover familiar exposures like property,...
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 ...
NAMIC Speaks Out Against Proposed Delays to NFIP Reforms
Efforts to delay reforms to the National Flood Insurance Program will put homeowners and taxpayers at greater risk and could threaten the viability of the program itself, the National Association of ...
New Geographic Markets to Drive Profitable Growth in 2014: Guy Carpenter Survey
Expansion into new geographic markets, new products and access to new distribution channels will be the primary drivers of profitable growth in 2014, according to a new survey released Thursday by ...