News

A bankrupt building supplies manufacturer owes New York $1.5 million for asbestos damage to city schools, an arbitration panel has ruled, the New York law department said.

The House plans to speed up consideration of a measure to reform regulation of surplus lines insurance and reinsurance, insurance lobbyists say.

Dennis M. Donahue, managing director and national practice leader for employee benefits for Wells Fargo Insurance Services, has been named the new chairman of The Council of Employee Benefits Executives.

Sedgwick Claims Management Services, Inc. announced today it has been recertified as an effective employer for attracting, developing and keeping the best staff by Employer of Choice, Inc. consulting firm.

American International Group, Inc. said underwriting managers have purchased an additional 3.9 million shares of Transatlantic Holdings Inc. from AIG leaving the company with a 14 percent stake.

Novarica, a research and advisory firm, said a survey has found a large number of insurance executives think they purchased the right software, but many have doubts.