Chartis, the property and casualty unit of American International Group, will revert back to the AIG name, according to internal memos at the insurer, NU has learned.
Competition in the product-recall arena is heating up, and not because the economy is encouraging consumption. Rather, increased product scrutiny across markets is giving headaches to nearly every industry but insurance.
Less than a month into Lance J. Ewings job as a risk manager for Harrahs Entertainment, Hurricane Katrina caused about $1.6 billion in damage to the companys Gulf Coast casinos.
Whether those in the insurance industry think social media is the next big threat to employment practices liability coverage, chatter surrounds the subject and its potential impact.
No conversation about the Employment Practices Liability Insurance (EPLI) market is complete without the mention of wage-and-hour claims, notes David Derigiotis, director of professional lines for the specialty-risk division at Burns & Wilcox.
Chartis looks to become the primary resource and insurance provider to the hospitality and leisure industry with the formation of an industry practiuce group, led by former Harrah's Entertainment risk manager Lance J. Ewing.
Chartis looks to become the primary resource and insurance provider to the hospitality and leisure industry with the formation of an industry practiuce group, led by former Harrah's Entertainment risk manager Lance J. Ewing.
Geographic diversity is not a hedge against loss, a Chartis executive saysa lesson amplified for the industry after it suffered more than $100 billion in losses from 2011 events.