C.V. Starr & Company, the insurance entity headed by Maurice Greenberg, the former boss of American International Group, strongly denied that Greenberg's new firm is busy looting staff from AIG.
The Hartford Financial Services Group Inc. announced today that longtime banking executive Liam E. McGee, 55, has been appointed the company's chairman and chief executive officer to succeed a retiring Ramani Ayer.
An International Accounting Standards Board proposal on how insurers should value their risks has drawn fire from an organization of major life and property/casualty insurance and reinsurance companies.
State insurance commissioners plan to grill the top credit rating agencies as to why the commissioners shouldn't seek other guidance in evaluating insurers' securities holdings, a key regulator said.
Despite some large payouts to wealthy homeowners stung by the Madoff Ponzi scheme, it is unlikely that property underwriters will set about revising coverage language for fraud, an expert said.
Attorney James J. Wrynn, who was recently named head of New York's state-run workers' compensation insurer, is now in line to be the state's new insurance superintendent, NU Online has learned.
Terry Fleming, Risk and Insurance Management Society vice president, told an industry conference here that federal legislation is needed to standardize the payment of workers' compensation awards.
Kenneth Feinberg, the Obama Administration compensation czar, would not answer questions today after widespread reports that American International Group will pay millions in bonuses next week.
Regulators Defer Action On Capital RequirementFacing strong opposition from the insurance industry, a regulatory group said it would put off any immediate action on a ...