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AIG CEO Robert H. Benmosche says the company still has plenty of top performers after losing a quartet of executives to Berkshire Hathaway, where CEO Warren Buffett says he'd like to get into commercial insurance "very big time."
A wind-driven wildfire raged along the California coast north of Los Angeles early on Friday, threatening some 3,000 homes and prompting evacuations of a university campus and several residential areas.
AIG says first-quarter net income dropped $1 billion compared to last year, as results a year ago included income from investments that have been sold or liquidated.
AIG says first-quarter net income dropped $1 billion compared to last year, as results a year ago included income from investments that have been sold or liquidated.
The industry is calling for Florida Gov. Rick Scott to sign SB 1770a bill touted as yet another positive step toward stabilizing the Sunshines States property insurance market.
The industry is calling for Florida Gov. Rick Scott to sign SB 1770a bill touted as yet another positive step toward stabilizing the Sunshines States property insurance market.
Its not true that insurance carriers are averse to paying claims, its just that many insurers hate paying claimants that dont deserve the moneyparticularly those who file fraudulent claims that end up costing honest policyholders in the long run.
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