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AIG said although Mr. Kanak's resignation is effective Jan. 31 he will remain with the company for the next few months to assist in a smooth transition of his responsibilities and to provide advice to
The Los Angeles-based insurer said it increased its losses from the Oct. 24 storm from $12 million to $24 million. After tax, the company said it expects losses to increase from $8 million to $16 mill
The Los Angeles-based insurer said it increased its losses from the Oct. 24 storm from $12 million to $24 million. After tax, the company said it expects losses to increase from $8 million to $16 mill
The company anticipates filing a 2004 combined statutory report "no later than Jan. 31, 2006 with me," said Steve Johnson, Pennsylvania deputy insurance commissioner for the Office of Company Financia
Washington--An organization campaigning for a federal catastrophe fund is firing back at insurance trade groups that have attacked the concept arguing that the private sector remains capable of coverin
Bank of America property-casualty analyst Brian Meredith said the December Consumer Price Index showed a slight but steady increase in auto insurance costs with homeowners' rates continuing their down
Bank of America property-casualty analyst Brian Meredith said the December Consumer Price Index showed a slight but steady increase in auto insurance costs with homeowners' rates continuing their down
The president of a fraud detection and risk management firm, who previously gained prominence investigating public construction fraud, said insurers and their clients are losing vast sums on private b
New York--The head of Ernst & Young's insurance services division said some form of federal regulation of the insurance industry is inevitable and regulatory scrutiny of the industry will not let up un
Washington--The insurance industry has established reform of South Carolina's workers' compensation system as its top legislative priority in that state for this year, insurers' trade group representat
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