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Daily NewsFlash : November 21, 2011


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Monday, November 21, 2011

Hank Greenberg Launches Suit Against U.S. Over AIG Takeover

Three years after the federal takeover of American International Group Inc., longtime former Chief Executive Maurice R. "Hank" Greenberg is launching a broad legal assault that paints the governmen... Read More

Alleghany to Buy Transatlantic for $3.4 Billion

U.S. property and casualty insurer Alleghany Corp said it would buy reinsurer Transatlantic Holdings for $3.4 billion in cash and stock, a day after a source told Reuters that Alleghany was close t... Read More

Lockton: Buyers Need to Prepare As Insurers Stop Offering Price Discounts

In the wake of one of the worst years for catastrophe losses and historically low interest rates, insurance brokerage Lockton Cos. reports U.S. property insurers have "put the brakes on price reduc... Read More

Insurers Expect Extreme Weather Events to Increase Frequency, Cost of Losses

Insurance companies expect extreme weather events like hurricanes, droughts and floods to increase in frequency and cost, some insurers said Friday, following the release of a United Nations panel ... Read More

Supreme Court Appoints Lawyers to Argue Healthcare Positions

The Supreme Court on Friday appointed two veteran D.C. lawyers to argue the merits of two issues regarding the healthcare law requirements.

H. Bartow Farr, a partner at Farr & Taranto, ... Read More

IICF NY/Northeast Announces Record Number of Charitable Grants

The Insurance Industry Charitable Foundation (IICF) New York/Northeast division will award a record number of grants at its 2011 benefit dinner on Wednesday, Dec. 14 in New York City.
  Read More

California Insurance Fund Ready to Pay $50 Million in Severance for Workers Who Leave

Despite a yearlong campaign to slash its expenses, a quasi-government agency is ready to pay up to $50 million in severance packages for state workers who volunteer to leave by the end of this year... Read More

Massachusetts AG Coakley Calls on Regulators to Re-examine Homeowners Rates

Massachusetts Attorney General Martha Coakley has called on state regulators to re-examine homeowners insurance rates, which she said are too high because they are based on flawed catastrophe model... Read More

MetLife Revamps to Reflect Global Reach

In his biggest move since becoming MetLife Inc. chief executive in the spring, Steven A. Kandarian has reorganized the giant insurer's business structure into three geographic regions to better ref... Read More



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