News
EQECAT To Share Exposure Data Standard With RMS
Catastrophe modeling firm EQECAT announced that it has finalized an agreement to share exposure data schemas with another major catastrophe-modeling firm, Risk Management Solutions (RMS). The ...AIG Says China Group’s Deposit Not Received in Deal to Sell Plane-Leasing Unit
American International Group Inc. said it hasn't received a deposit that was called for under the deal to sell its plane-leasing unit to a Chinese investor group, presenting another challenge to ...
New Tool to Shed Light on Costs of Blackouts
Atmospheric and Environmental Research (AER) and The Atmospheric and Environmental Research (AER). (HSB) have formed an alliance to provide a product that assesses blackout risk in the United States. ...
Rathgeber In, Kitzman Out as Texas Insurance Commissioner
On the same day that Eleanor Kitzman exited her post as state insurance commissioner, Texas Gov. Rick Perry appointed Julia Rathgeber of Austin to take over leadership at the Texas Department of ...
Ensuring Productivity of Aging Workers
New efforts to integrate health protection and health promotion programs in the workplace are needed soon if the nation's aging workforce is to remain competitive and productive, according to ...AIG Drops Securities Complaint Against Federal Reserve of New York
American International Group Inc. has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer retained the right after its 2008 taxpayer-funded bailout to sue ...
MetLife Cuts 2,500 Sales Advisers Who ‘Were Never Going to Make It’
MetLife Inc., the largest U.S. life insurer, cut its adviser force by a third, eliminating 2,500 jobs as the company scales back variable annuity sales and turns to other nations for growth. MetLife ...Munich Re’s American Modern Fined $1 Million in Forced-Place Probe
Munich Re's American Modern Insurance unit agreed to pay a $1 million penalty, provide customer refunds and make reforms after a probe into kickbacks paid to banks, New York's financial-services ...