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Daily NewsFlash : April 25, 2012


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Wednesday, April 25, 2012

AIG Sues ILFC Co-Founder Alleging Theft of Trade Secrets

Aircraft LeasingAmerican International Group Inc. (AIG) sued Steven Udvar-Házy, co-founder and former chief executive of its aircraft-leasing business, accusing the industry veteran of stealing trade secrets and other confidential information for a rival company he now runs.

AIG and its Internationa... Read More



Aetna to Sell Health Insurance Coverage through Costco

Health insurer Aetna has branched out to start selling individual insurance plans to members of the wholesale club operator Costco in nine states.

The Hartford, Conn., insurer said Tuesda... Read More

Returning Troops Find New Dangers on Civilian Roadways

Military & Car insuranceAmerica's military troops who are surviving the hazards of foreign battlefields are returning only to find new risks on domestic roadways. According to a just-released study by USAA, troops coming off deployment had 13% more at-fault auto accidents compared to thei... Read More



ACE's Profit Surges in First Quarter

Insurance company ACE Ltd. said Tuesday that its profit jumped nearly fourfold in the first quarter, aided by lower-than-expected catastrophe losses, higher net premiums written and hefty one-tim... Read More

Florida's the Latest State to Allow the Formation of Captives

Florida CaptivesGovernor Rick Scott of Florida signed into law a measure allowing the formation of captive insurance companies in the Sunshine State. The new Florida captive law takes effect July 1.

H.B. 1101 allows the formation of single-parent captives, special-purpose captives, industrial insurance cap... Read More



W.R. Berkley's Net Income Up $17.1% During First Quarter

W.R. Berkley Corp.’s net income rose 17.1% to $135.3 million during the first quarter of this year compared with the same period last year, the company announced Monday.

Total reve... Read More

Lockton to Open Australian Operations in Perth and Sydney

Lockton will open two new offices in Australia, establishing a new insurance brokerage, Lockton Australia Pty Ltd, with locations in Perth and Sydney. Lockton is the world's largest privately held ... Read More

Aon: Civil Unrest Drives Downgrades in 37 Countries

Aon Risk Solutions, the global risk management business of Aon plc, urges companies to ensure threats to business continuity are considered as 37 countries were downgraded in the Aon 2012 Terrorism... Read More



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