News

After two years of planning, the Target Market Program Administrators Association's virtual "Target University" will start offering its online coursework beginning the second-quarter 2011, with eight courses currently in the final testing stage.

Steve Miller, currently chairman of American International Group, has been selected by the company's board to be interim president and chief executive officer if current CEO Robert Benmosche is forced to step down because of illness.

The industry needs to stay on top of its game in Washington, as it defends its reputation and maintains its voice in implementing and creating policy, according to experts here.

ACE Ltd. has agreed to pay about $425 million in cash for the New York Life Insurance Company life insurance businesses in Hong Kong and Korea.

The NAIC will likely adopt a minimal plan to collect surplus lines insurance taxes without tackling the bigger issue of uniform regulation between the states, after an association task force vote earlier this week.

Insurance broker Willis Group Holdings reported third quarter net income dropped 19 percent from the previous year absent a tax credit it received last year, but organic growth remained strong across the board.