Mr. Dammerman spent 38 years at GE, including serving on the GE board since 1994, as chairman and chief executive officer of GE Capital Services since 1998, and as a director of GE Capital Services fo

The results were affected by $1.1 billion in investment losses stemming from impairments which included debt securities from bankrupt Lehman Brothers, Washington Mutual and Sigma Finance Corp. as well

Sixty-four percent of employers who sponsor health care plans believe employer-based health care should continue as the main mechanism for benefits delivery rather than a government system, according

FirstBest Systems, Inc., a provider of advanced Underwriting Management Systems (UMS) that enable commercial insurance carriers to write more and better business, has announced enhancements have been

The firm has its eyes on a company "with a lot of intellectual capital," said Frank J. Coyne, the Jersey City-based ISO's chief executive officer, president and chairman, speaking at ISO's annual meet

"Insurance fraud normally increases during a troubled economy," Dennis Jay, executive director of CAIF, noted in a statement. "The credit crunch, subprime meltdown, higher gas prices and general econo

Reasons the negative view of the sector, which with group health plans provides a large amount of revenue for property-casualty agents and brokers, include operational, economic and political challeng

Oldwick, N.J.-based insurance rating service A.M. Best Co. has downgraded the financial strength rating to "B (Fair)" from "B-plus (Good)" and issuer credit rating to "double-b" from "triple-b-minus"