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AIG adds Brexit coverage to D&O policy

By: Judy Greenwald

Published July 28, 2016 - 12:48pm CST

The free add-on will cover the cost of executive legal challenges associated with the U.K.'s vote to leave the European Union.

AIG unit must reimburse policyholder for oil field accident settlement

By: Judy Greenwald

Published July 27, 2016 - 2:18pm CST

A Wyoming law that prohibits oil and gas companies from contractually shifting liability to others for their own negligence does not absolve an American International Group Inc. unit from reimbursing a drilling company for an accident settlement, says an appeals court in reversing a lower court ruling.

AIG offers cyber insurance for property and liability risks

By: Joyce Famakinwa

Published July 19, 2016 - 1:54pm CST

American International Group Inc. on Tuesday said it has launched a stand-alone primary cyber insurance policy for property and liability exposures.

Heavy 2015 M&A activity drove legal malpractice claims increase

By: Judy Greenwald

Published July 15, 2016 - 2:07pm CST

Legal malpractice claims increased in both frequency and severity last year, according to a survey issued by specialty broker Ames & Gough.

The BI Top 10

Published July 15, 2016 - 10:51am CST

A health care insurer shutdown and soon-to-come decisions over health insurer mergers are among our most read features.

Former Risk Manager of the Year Ewing moves to new post

By: Mark A. Hofmann

Published July 14, 2016 - 10:08am CST

Lance J. Ewing has joined Cotton Holdings Inc. as executive vice president of global risk management and client services.

AIG names CEO for France

By: Sarah Veysey

Published July 11, 2016 - 8:46am CST

Christophe Zaniewski has been appointed CEO of American International Group Inc. in France, the insurer announced Monday.

The BI Top 10

Published July 08, 2016 - 10:22am CST

A dispute over TV show production delays and massive payouts for health insurers lead Business Insurance's top 10 most read features.

Property/casualty groups hail firm's removal from SIFI list but want more

By: Mark A. Hofmann

Published June 29, 2016 - 11:48am CST

Property/casualty insurance groups say they are pleased with the Financial Stability Oversight Council's decision to remove GE Capital Global Holdings L.L.C. from its list of “systemically important financial institutions.”

Marsh & McLennan unit opens new actuarial office

By: Joyce Famakinwa

Published June 28, 2016 - 1:39pm CST

The actuarial practice of Oliver Wyman Group said Tuesday that it has opened a Dallas-based office, its second in Texas.

Florida nightclub shooting

Published June 17, 2016 - 12:01am CST

The mass shooting in Orlando, Florida, and the security issues arising from it are among the Business Insurance week in pictures.

The BI Top 10

Published June 17, 2016 - 12:01am CST

Marsh severance benefits dispute and health savings account business exits are among Business Insurance's top 10 most read features.

Lack of cyber risk data hampers captive underwriting

By: Donna Mahoney

Published June 16, 2016 - 10:40am CST

SOUTHAMPTON, Bermuda — The increase in the number of captive insurers that cover cyber risk has been slow due in part to a lack of data to define and assess the risk.

Activist investors putting AIG under the microscope

By: Thomson Reuters

Published June 15, 2016 - 4:13pm CST

Investors Carl Icahn and John Paulson are making AIG more transparent, president and CEO Peter Hancock says.

EX-AIG exec joins Everest Re

By: Joyce Famakinwa

Published June 15, 2016 - 12:12pm CST

Everest Re Group named Marty Scherzer head of its structured solutions unit, the company said.

AIG, Caremark to pay millions for alleged coverage misrepresentation

By: Judy Greenwald

Published June 15, 2016 - 11:37am CST

Recipients of the $310 million settlement said AIG and Caremark failed to provide them with info about an excess liability policy.

GOP call to end SIFIs raises question of who will mind the store

By: Mark A. Hofmann

Published June 13, 2016 - 3:34pm CST

The Financial CHOICE Act would replace the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The BI Top 10

Published June 10, 2016 - 9:25am CST

A look at the mental health of Swiss executives and a recent hire at JLT Re are among Business Insurance's top 10 most read features.

Ironshore names ex-AIG property underwriter chief underwriting officer

By: Joyce Famakinwa

Published June 08, 2016 - 2:43pm CST

Ironshore Inc. has named Boston-based Shawn Homand chief underwriting officer of global property.

AIG, Travelers units not liable for payment on asbestos claims

By: Judy Greenwald

Published June 08, 2016 - 1:22pm CST

The insurers are not obligated to provide excess coverage to a now-bankrupt asbestos manufacturer, a bankruptcy court says.

Ruling against Greenberg raises stakes in Trump University case

By: Thomson Reuters

Published June 07, 2016 - 4:47pm CST

A fraud case against former AIG CEO Maurice R. Greenberg could affect Republican presidential candidate Donald Trump.

Property/casualty insurers applaud Fed's proposed SIFI rules

By: Mark A. Hofmann

Published June 06, 2016 - 9:55am CST

The Fed is considering two approaches for capital standards that could apply to companies such as AIG and Prudential.

Greenberg faces trial over fraud charges

By: Mark A. Hofmann

Published June 05, 2016 - 12:01am CST

A decision by New York's highest court allowing the state to continue to pursue fraud charges against Maurice R. Greenberg and another former AIG executive is far from the last word in the decade-long case.

Fed releases proposed insurer capital standards

By: Judy Greenwald

Published June 03, 2016 - 4:57pm CST

The Federal Reserve Board unveiled its anticipated capital standards for insurers Friday.

Ex-AIG exec joins insurer as U.S. distribution manager

By: Rob Lenihan

Published June 03, 2016 - 12:12pm CST

Pembroke, Bermuda-based Axis Capital Holdings Ltd. said Matt LoPiccolo has joined Axis Insurance Co. as U.S. distribution manager.

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