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11, 2015
Moody’s Says Splitting Up AIG Would Be Credit Negative
Moody’s Investor Service today said that a break-up of American International Group (AIG) and removal of its systemically important financial institution (SIFI) designation as called for by activist investors would have a negative effect on the insurer’s debt. Splitting the …
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11, 2015
3 Small Quakes Shake Central Arizona, Phoenix
Three small earthquakes rattled parts of central Arizona, jolting people in cities 160 miles apart, including parts of the Phoenix area. There were no immediate reports of injury or major damage. The U.S. Geological Survey said a magnitude 4.1 temblor …
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11, 2015
Investigators Expected to Quickly Unravel Mystery of Russian Plane Crash
Investigators examining the crash of a Russian passenger jet in the Egyptian desert have an advantage over recent high-profile probes — with the impact zone readily accessible, the debris field unencumbered by jungle or water and plane’s flight recorders already …
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11, 2015
Palomar Insurance Hires Cohrs to Atlanta Office
Palomar Insurance Corporation has hired Brett Cohrs as a marketing representative in its Atlanta office. Cohrs has been in the insurance industry since 2002. He first began his career as a claims auditor for the southeast office of Blakely Crop …
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11, 2015
Big Health Insurers Still View Obamacare as Big Opportunity
Slipping enrollment and struggling competitors have done little to shake the faith that the nation’s biggest health insurers have placed in the Affordable Care Act’s public insurance exchanges. Aetna executives said last week that the exchanges, a key element in …
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11, 2015
AIG, South Carolina’s Clemson University to Develop Risk & Analytics Center
American International Group, Inc. has announced an initial $4 million investment with Clemson University to develop a risk engineering and analytics center and to establish the Robert Benmosche Endowed Professorship in Risk Engineering and Systems Analytics, in honor of the …
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10, 2015
Partners Insurance Hires McDonald as Broker in Massachusetts
Partners Insurance Group LLC has hired Bernard J. McDonald V as a licensed broker and producer. McDonald is responsible for developing new business and creating customer relationships. He provides and services insurance products for personal and business clients. Based in …
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11, 2015
Supreme Court Justices Divided Over Spokeo Internet Injury Class Action Case
A divided U.S. Supreme Court indicated it may put limits on consumer lawsuits, questioning arguments by a man seeking to sue over what he says is an error-riddled Internet profile. Hearing arguments in Washington, members of the court’s conservative majority …
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11, 2015
Aon Benfield to Launch New Malaysia Cat, Jakarta Flood Models
Impact Forecasting, Aon Benfield’s catastrophe model development team, is launching new models for Malaysia and Jakarta flood to help insurers and reinsurers better underwrite and manage their exposures in Asia. The new models are being launched at the Singapore International …
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11, 2015
Report Shows Month-to-Month Surplus Lines Volatility in California
So far it’s been an “unusual year” for surplus lines in California. Filed premiums were up 14.1 percent in October from the same month last year, but that increase followed a 38.3 percent year-over-year drop in September, new figures from …