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A group led by former AIG boss Maurice "Hank" Greenberg's Starr Investment Holdings said it would buy health insurance claims processor MultiPlan Inc.
It typically is a rather straightforward matter when an insurance company pleads diversity jurisdiction. In some instances, however, the question of a defendants citizenship can be complicated or even unknown. A recent decision suggests how an insurer can plead diversity when it cannot reasonably ascertain the facts supporting jurisdiction.
The National Corvette Museums agent is happy with how coverage was placed and says there are no coverage concerns regarding the sinkhole that claimed eight vehicles Wednesday morning. Meanwhile the last remaining 1983 Corvette continues its remarkable survival as it avoids damage in the incident.
American International Group president and CEO Robert Benmosche said he will focus on improving the companys balance sheet and rewarding shareholders after the company reported strong earnings, although the companys property and casualty business combined ratio remained over 100.
In a breakthrough, the House Republican leadership has agreed to allow a vote on modifying flood insurance rate hikes imposed by a 2012 law. The preferred House bill would limit rate increases to no more than 15% annually.
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