PropertyCasualty360: Property & Casualty Insurance News & Tips

AIG Settles Workers’ Comp Dispute With All 50 States

By Phil Gusman, Chad Hemenway

American International Group will pay a total of $146.5 million to be distributed among all 50 states following a probe that sought to determine whether the insurer violated premium-reporting rules governing Workers Compensation insurance.

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Featured Fraud: Seeds of Deception

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‘CIO at Large’ Michael Hugos on Cloud Computing: IT Pros Must ‘Adapt or Be Swept Aside’

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June 11, 2012

Obama Signs 60-Day NFIP Bill; Industry Pivots to Long-Term Efforts

With President Obama signing a 60-day National Flood Insurance Program (NFIP) extension bill on May 31, a lapse in the program has been avoidedbut industry officials are wasting no time looking to the next phase and calling on the Senate to act on a five-year extension.

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June 11, 2012

Fed Not Immune from Misconduct Claims Regarding AIG Aid, Greenberg Contends in Court Filing

Lawyers for Maurice Hank Greenberg, the former chairman and CEO of AIG, argue in a court filing that the Federal Reserve Board did not have unlimited powers when it moved to aid AIG in late 2008 and that some of its actions breached its duty to AIG shareholders.

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June 11, 2012

JOBS Act Presents New D&O Challenges for Clients and Insurers, Says Marsh

Adoption of the federal Jumpstart Our Business Startups (JOBS) Act gives new companies easier access to capital from the general investing publicbut also presents liability exposures that D&O insurers do not yet fully understand, says a report from Marsh.

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June 11, 2012

Obama Signs 60-Day NFIP Bill; Industry Pivots to Long-Term Efforts

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June 11, 2012

Featured Fraud: Seeds of Deception

The owners of a Homestead, Fla. nursery have sown the seeds of lengthy prison sentences after executing a con that siphoned a cool million from a federal disaster fund.

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June 11, 2012

Stockholder Revolt at Generali Group Leads to Zurich Management Shake-Up

A stockholders revolt leading to the ouster of Generali Groups longtime chief executive has resulted in Zurich Insurance Group losing its CEO of General Insurance.

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June 11, 2012

Fed Not Immune from Misconduct Claims Regarding AIG Aid, Greenberg Contends in Court Filing

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AIG Settles Workers’ Comp Dispute With All 50 States

Featured Fraud: Seeds of Deception

&lsquo;CIO at Large&rsquo; Michael Hugos on Cloud Computing: IT Pros Must &lsquo;Adapt or Be Swept Aside&rsquo;

Recommended Just For You

News Stories

Obama Signs 60-Day NFIP Bill; Industry Pivots to Long-Term Efforts

Fed Not Immune from Misconduct Claims Regarding AIG Aid, Greenberg Contends in Court Filing

JOBS Act Presents New D&O Challenges for Clients and Insurers, Says Marsh

Obama Signs 60-Day NFIP Bill; Industry Pivots to Long-Term Efforts

Featured Fraud: Seeds of Deception

Stockholder Revolt at Generali Group Leads to Zurich Management Shake-Up

Fed Not Immune from Misconduct Claims Regarding AIG Aid, Greenberg Contends in Court Filing

‘CIO at Large’ Michael Hugos on Cloud Computing: IT Pros Must ‘Adapt or Be Swept Aside’