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Starr International and Maurice Hank Greenberg have no more than a 20 percent chance of winning damages in their lawsuit claiming that that the government acted punitively against American International Groups shareholders when it bailed out insurance giant in September 2008, AIGs lawyers say.
Starr International and Maurice Hank Greenberg have no more than a 20 percent chance of winning damages in their lawsuit claiming that that the government acted punitively against American International Groups shareholders when it bailed out insurance giant in September 2008, AIGs lawyers say.
A settlement conference slated to take place between State Farm and two sisters accusing the insurer of rigging engineering reports after Hurricane Katrina has been canceled.
Ben Nelson echoed the sentiments of the National Association of Insurance Commissioners' leadership in his first public press conference as new CEO of the organization by casting the desired relationship with the federal government as one of a partnership, not one allowing incursion, pre-emption or even dual regulation.
Ben Nelson echoed the sentiments of the National Association of Insurance Commissioners' leadership in his first public press conference as new CEO of the organization by casting the desired relationship with the federal government as one of a partnership, not one allowing incursion, pre-emption or even dual regulation.
Verisk's Property Claim Services (PCS) unit has increased its insured-loss estimate from Superstorm Sandy to $18.75 billion, with a large majority of losses felt in New York and New Jersey.
While the U.S. insurance industry is making strides toward Risk Management and Own Risk Solvency Assessment Model Act (RMORSA) readiness, a survey conducted by PwC shows a gap appears to exist between the perception of RMORSA preparedness and the actual completeness of insurers enterprise risk management frameworks.
While the U.S. insurance industry is making strides toward Risk Management and Own Risk Solvency Assessment Model Act (RMORSA) readiness, a survey conducted by PwC shows a gap appears to exist between the perception of RMORSA preparedness and the actual completeness of insurers enterprise risk management frameworks.
Insight Specialty Programs (ISP), a developer and marketer of insurance, non-insurance and telematics products and services, announce a partnership with GoAgents.com, a cloud-based distribution platform that provides agents with a set of online tools to cross-sell insurance related products to their existing base of personal and commercial lines policyholders.
Corn farmers are getting the lion's share of U.S. crop insurance payments on losses caused mainly to drought last year - 63 percent of the record $12.3 billion paid so far, the Agriculture Department said on Monday.
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