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Daily NewsFlash : November 07, 2011

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Monday, November 07, 2011

AIG Buyback Program Doesn't Change Insurer's Priority to Reduce U.S. Stake

American International Group Inc. (AIG) Chief Executive Robert Benmosche said the insurer's priority is reducing the government's stake in the company, despite a new buyback program that will allow... Read More

Hiscox Looks for Rising Insurance Prices in 2012

Hiscox, one of many insurers around the world to have been hit by a wave of claims from natural disasters this year, reported a dip in insurance sales for the nine months to end-September although ... Read More

Marsh & McLennan Agency Acquires Employee Benefits Division of Kaeding, Ernst & Company

Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., announced it has acquired the employee benefits division of Kaeding, Ernst & Company, a Marlborough, Massachusetts-... Read More

Thailand Flooding Cripples Hard-Drive Suppliers

In the neck-deep floodwaters of an industrial zone in Bang Pa-In, Thailand, workers are using Jet Skis and wooden skiffs to transport stacks of computer components out of waterlogged factories. Thr... Read More

WSJ Interview with Willis CEO: Ready for Business in Asia

Joe Plumeri, chairman and chief executive of insurance broker Willis Group Holdings PLC, in an interview with the Wall Street Journal, says doing business in China can sometimes be easier than in ... Read More

Liberty Mutual Reports Q3 Net Loss, Due to Cat Losses, Absestos Charge

Liberty Mutual Group on Friday reported a net loss of $111 million and net income of $81 million for the three and nine months ended September 30, 2011, versus net income of $567 million and $1.1 b... Read More

Oklahoma Gets the Shakes Over the Weekend

Central Oklahoma was recovering Sunday after a swarm of weekend earthquakes, including the largest in state history, buckled a highway, damaged several homes and left residents worried they may be ... Read More

ACIC Applauds CA Commissioner Jones' Timely and Transparent Workers Comp Rate Making Process

California Insurance Commissioner Dave Jones should be commended for his decisive and expeditious approval of the workers’ compensation pure premium rate and for his leadership to create a tr... Read More

Aon Appoints Manwaring to Lead Legal Indemnity Practice

Aon Risk Solutions, the risk management business of Aon Corporation, today announced the appointment of Mark Manwaring as client director responsible for leading Aon's national legal inde... Read More


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