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Endurance Specialty Holdings Ltd. is pushing to shake up the board of Aspen Insurance Holdings Ltd. after the directors rejected a $3.2 billion takeover offer.
On May 22, following months of unrest, Thailands military overtly seized power in a coup dtat. Thailand is used to such events there have been 11 successful coup d'tats since 1932, as well as seven attempted coups. What does this mean for insurers?
The New York DFS says Rhode Island-based Narragansett Bay Insurance Company will pay a $327,400 penalty due to adjuster-inspection delays on Superstorm Sandy claims. NBIC says it accepts the penalty, but disagrees with the DFS' findings.
AIG CEO Robert Benmosche has reportedly warned employees against buying homes in the New York area, and told Bloomberg Television the company is moving people out of higher-cost cities to lower-cost U.S. cities and offshore.
Maurice Hank Greenberg, the former chairman of American International Group Inc., lost a bid to throw out the New York attorney generals 2005 lawsuit over alleged sham transactions intended to inflate the insurers financial health.
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