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Earlier this year, the president of a major carrier casually noted he did not buy personal lines coverage from his own company for fear of raising ethical conflicts. Check what readers had to say.
Treasury Secretary Tim Geithner told a congressional committee today he will ask Congress Thursday to okay a federal receiver for "systemically important" nonbank financial firms like American International Group.
Lloyd's reported today that its 2008 profit plunged to $2.7 billion from $5.66 billion in 2007, but its chief executive said the amount was "a pretty good result," given the current financial market.
Only one American sport utility vehicle secured a "good" evaluation in the new strength rating system that the Insurance Institute for Highway Safety has adopted in a push for a tougher standard from manufacturers.
New York Attorney General Andrew Cuomo announced yesterday that employees of American International Group have agreed to return $50 million of the $165 million controversial bonus money the company paid out.
Tony Ursano has been named chief executive officer of Willis Capital Markets and Advisory Services, the London-based insurance brokerage Willis Group Holdings announced today.
Treasury Secretary Tim Geithner and Federal Reserve Board Chairman Ben Bernanke today both told Congress their agencies examined suits to stop payment of the bonuses to American International Group's Financial Products Group but backed off.
The latest government Consumer Price Index figures show increases for components that impact accident, auto and home claims, the Insurance Information Institute said.
Westfield Group in Westfield, Ohio, announced that Ed Largent has been selected as chief administrative officer and Stuart Rosenberg as chief technology officer.
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