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Five former executives of American International Group Inc and BerkshireHathaway Inc unit Gen Re admitted to conducting a fraudulent reinsurance transaction on Friday as part of a deal to end a years-long criminal case against them.
The 2012 wildfire season began early, and with great force. Here, a Colo. deputy fire chief advises on the advantages of a team approach to handling wildfire claims and potential subrogation.
Greenberg discusses his $25 billion lawsuit against the U.S. government re: its bailout of AIG; he also recounts the risk-control measures AIG had in place during his tenure as CEO.
Keefe Bruyette & Woods says the property and casualty industry is under-reserved for accident years 2008-2011 and most carriers will see a drop-off in the benefit of favorable reserve development going forward.
A large weather disturbance in the Gulf of Mexico could develop into a tropical cyclone in the next couple of days, forecasters at the U.S. National Hurricane Center said on Thursday.
GEICO, billionaire investor Warren Buffett's auto insurer, spent far more than property insurance peers on advertising in 2011, both on an absolute basis and as a percentage of the business the company wrote, according to a new study released on Friday.
GEICO, billionaire investor Warren Buffett's auto insurer, spent far more than property insurance peers on advertising in 2011, both on an absolute basis and as a percentage of the business the company wrote, according to a new study released on Friday.
The cost of insurance claims for lightning strikes nearly doubled between 2004 and 2011, even as the actual number of claims shrank dramatically, and an industry trade group says fancy new TVs and videogame consoles are to blame.
The cost of insurance claims for lightning strikes nearly doubled between 2004 and 2011, even as the actual number of claims shrank dramatically, and an industry trade group says fancy new TVs and videogame consoles are to blame.
Bailed-out insurer AIG on Thursday said the head of its airplane leasing unit admitted to having an inappropriate relationship with an employee, and the company demoted him and cut his salary as a result.
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