News

An insurance program aimed at aiding the smallest entrepreneurs in Haiti will make a significant payout to policyholders in the wake of Tropical Storm Isaac, insurers say.

An insurance program aimed at aiding the smallest entrepreneurs in Haiti will make a significant payout to policyholders in the wake of Tropical Storm Isaac, insurers say.

The unwinding of Maiden Lane III, which had been created in 2008 to assume certain toxic assets held by American International Group, represents an ongoing reduction of government support for AIG, and reflects improving trends overall at the company, says Moodys Investors Service.

A group of 19 U.S. reinsurers saw its second-quarter net income rise by over $2 billion and saw its combined ratio fall under 100 in 2012 compared to the same period a year ago.

Insurance software company Applied Systems awarded 13 insurance carriers with the Applied System Interface Leadership Awards and another 60 with Interface Partner awards at TENCon 2012, the flagship conference for users of Applied Systems software.

Insurance software company Applied Systems awarded 13 insurance carriers with the Applied System Interface Leadership Awards and another 60 with Interface Partner awards at TENCon 2012, the flagship conference for users of Applied Systems software.