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SCOR has offered to buy Converium in a deal that values the entire company at about $2.56 billion. On Friday, Converium urged stockholders to reject the offer, saying it fundamentally undervalues the
The American Insurance Marketing and Sales (AIMS) Society announced the makeup of its newly elected board of directors.Selected for three-year terms that began April 1 ...
Reacting to the U.S. District Court verdict yesterday, which included $1.5 million in punitive damages, company spokesman Mike Siemienas said the insurer "is shocked with the jury's verdict in favor o
WASHINGTON--The Government Accountability Office voiced deep concern today regarding regulation and oversight of the title insurance industry, saying current practices "raise questions about the extent
With its insistence that $165 million in retention bonuses must be paid no matter what, AIG is seemingly oblivious to the fact that as the poster child for the corporate bailout generation, every
While Robert B. Willumstad might be an obvious choice to replace Martin Sullivan as CEO of AIG, the fact that Mr. Willumstad is keeping his current position as chairman removes a critical check and ba
It includes explanations of the act and how it promotes competition within the insurance industry, issue statements and position papers, NAMIC news releases, industry coverage, and opposing viewpoints
It includes explanations of the act and how it promotes competition within the insurance industry, issue statements and position papers, NAMIC news releases, industry coverage, and opposing viewpoints
The National Conference of Insurance Legislators said it has urged the U.S. Senate Judiciary Committee to "proceed with caution" in considering legislation to repeal the insurance industry's limited a
Ernst & Young will pay more than $9 million to settle an investors' suit that accused the firm of aiding American International Group and PNC Financial Services Group Inc. in a multimillion-dollar pho
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