U.S.
Long-Term Stability of Reinsurance Market Questioned
The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading ...
AIG Ex-CEO Greenberg Will Appeal Bailout Ruling That Left Out Damages
Maurice "Hank' Greenberg, who won what most considered a long-shot case with a ruling that the U.S. government acted illegally towards American International Group Inc. shareholders in the terms it ...The Hartford Targets Small Businesses With New Professional Liability Endorsement
The Hartford is targeting small businesses with a new professional liability endorsement. Plans call for adding the coverage to the Connecticut-based insurer's business owner's policy. The Hartford ...
Tropical Storm Bill Will Bring More Floods to Super-Soaked Texas
No matter exactly what path it takes, Tropical Storm Bill is going to cause trouble in Texas this week and maybe longer. Bill will send flooding rains across the eastern part of the state, including ...
Ironshore to Spot U.S. Asset Purchases For Fosun, Its Chinese Owner
Ironshore, will help spot U.S. businesses and assets to buy for Fosun International, the Chinese conglomerate slated to become owner of the Bermuda –based insurer and reinsurer. These assets, in ...
Ex-AIG CEO Greenberg Wins Bailout Suit But No Damages
Hank Greenberg won his fight to hold the U.S. responsible for a bitter pill it forced down the throat of American International Group Inc. But that's about it. The judge who called illegally onerous ...
GEICO Expands Ridesharing Coverage Into Texas Market
GEICO is entering the Texas insurance market with its ridesharing policy that covers drivers on and off the job, part of a state-by-state rollout that will eventually go national. The auto insurer ...
Philadelphia Insurance Acquires New York Accident & Health MGA
Philadelphia Insurance Companies is acquiring a managing general agent for group accident & health insurance, a deal that gives it new platform from which to sell its core offerings. The ...