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Tuesday, June 18, 2013

AIG Gives Chinese Buyers of Its Plane-Leasing Unit More Time

AIG-China deal on airline leasing companyThe American International Group (AIG) disclosed on Monday that it had given a group of Chinese investors more time to complete a deal to buy its big airplane-leasing unit, nearly three weeks after the consortium missed a down payment.

In a regulatory filing, AIG said it had agre...

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FEATURE: Specialized Coverages Step In to Address Various Exposures for Accountable Care Organizations (ACOs)

ACOsThe Affordable Care Act has brought about many changes, one of which is laying the groundwork for new models in healthcare delivery. One of these new models includes

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Jonathan M. Zaffino Named President of Victor O. Schinnerer & Company

New President at SchinnererLeading underwriting manager Victor O. Schinnerer & Company, Inc. has named Jonathan M. Zaffino its President.  Mr. Zaffino will also join the senior leadership team of The Schinnerer Group and report...

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Lori Dickerson Fouché Joins Prudential as President/COO, Leaves Fireman's Fund

New President at PrudentialLori Dickerson Fouché has joined Prudential Financial, Inc. in the new role of president and chief operating officer of Prudential's Group Insurance business. In this role, Fouché will have overall responsibility for the life, disability and voluntary product of...

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Groups Criticize NY Call for National Moratorium on Captive Approval

Captives NYGroups are criticizing the New York Department of Financial Services' call for a national moratorium on captive insurance transactions. "The DFS' effort paints captive insurance transactions that DFS i...

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Insurance Claims Pile Up After Colorado Forest Fire

Colorado FiresThree of the largest insurance carriers in Colorado reported Saturday that they have received about 1,100 claims related to the Black Forest fire.

USAA had received about 600 claims from the fire by Saturday afternoon, said Nicole Alley, a company spokeswoman in San Antonio.

Farmers Insurance rec...

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Study: Hands-free Devices Still Distract Drivers

Distracted drivingWe know texting and driving is dangerous. Many of us have seen texting drivers swerving and driving dangerously. Most of us have seen the eerily quiet "don't text and drive" ads featuring loved ones of crash victims imploring us that it can wait.

Hands-free devices can seem like a safer ...

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