AIG eyes Suncorp’s life business

The offshore buyer is keen to implement a growth strategy with as a focus market

Read more here:: Insurance Business Online

AIG eyes Suncorp’s life business

The offshore buyer is keen to implement a growth strategy with as a focus market

Read more here:: Insurance Business Online

Insurer Sued For Breach Of Contract Over Lost $4M Diamond Ring

An insurance dispute involving former Tulsa Mayor Kathy Taylor and a $4 million blue diamond ring that she lost while vacationing in has landed in federal court. Taylor¸ currently chief of economic development for Tulsa Mayor G.T. Bynum¸ is seeking an unspecified amount in excess of $75¸000 in a breach-of-contract lawsuit against Co. and an insurance broker. In her lawsuit¸ Taylor says she lost the ring¸ a gift from her husband¸ ¸ while vacationing in California around Nov. 4. paid Taylor $4 million in December for the lost ring¸ but she claims the insurance company won’t fully cover the loss¸ according to court records filed in connection with the lawsuit.

Read more here:: The Claims Page USA

AIG reveals IMI product update

Revamp of pioneering policy comes in the face of a changing environment

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People News: MedRisk, Starr Companies, AIG, Arch Capital Group

MedRisk Promotes Ryan to Mike Ryan has been promoted to chief executive officer and president of MedRisk, a managed care company specializing in physical rehabilitation within workers’ compensation. is maintaining an active role as executive chairman. …

Read more here:: Claims Journal USA

AIG Forecasts $3B In Q3 Catastrophe Losses

expects to record insurance losses of roughly $3 billion during the third quarter from the recent hurricanes and earthquakes. said Monday that it expects to record pre-tax catastrophe losses between $2.9 billion and $3.1 billion during the quarter because of damage it will have to cover from Hurricane Harvey¸ Hurricane Irma and the earthquakes that struck . Brian Dupereault says the company has acted quickly to provide money for claims.

Read more here:: The Claims Page USA

Americans evenly divided over future of self-driving vehicles, AIG study reports

A new study analyzes the public’s mixed perception of autonomous vehicles and the future of driverless transportation.

Read more here:: Property Casualty 360

AIG and TradeIX reveal blockchain partnership

It is believed that technology can reduce costs while also boosting speed and efficiency

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AIG finds `safer harbor’ after years of retrenchment, regulation

The U.S. government and Inc. have parted ways again, and for the insurer it’s the end of a nine-year journey of retrenchment and reinvention.

Read more here:: Property Casualty 360

AIG is no longer too big to fail, so now it wants to get bigger

The U.S. freed the insurer from enhanced regulation, removing the scarlet letter it wore since the 2008 financial crisis.

Read more here:: Property Casualty 360

AIG is no longer too big to fail

The U.S. freed the insurer from enhanced regulation, removing the scarlet letter it wore since the 2008 financial crisis.

Read more here:: Property Casualty 360

AIG declares massive restructure plans

Major insurer to reshape business into three units with new leadership

Read more here:: Insurance Business Online

AIG’s Delicate Dance With Regulators

While the debate goes on about how should be treated by regulators, more significant changes are happening behind the scenes at the company

Read more here:: Wall Street Journal

AIG alters organizational structure, Schimek departs

, ’s President and , said: “These changes are designed to best position for the future, as a growing, profitable leader in the insurance industry that is famous for its underwriting excellence.

Read more here:: Property Casualty 360

AIG claims examiner scoops industry scholarship

The winner will jet off to the for a leading industry conference

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People Moves: Navigators, EMC, AIG

, Tim Ryan has been promoted to president, Specialty Casualty. In his new role, he will be responsible for strategy and execution of Navigators’ Specialty Casualty product offerings in the wholesale market space. Ryan, who …

Read more here:: Claims Journal USA

AIG discusses tech strategy

Exec reveals biggest tech myths for commercial insurance and how insurer is planning for the future

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AIG wants delay in Bill Cosby payout

Insurer has made appeal against order to pay celebrity’s law firm

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Cost cuts help AIG’s profits – but commercial business down

Expenses were reduced by more than 15%

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AIG operating income rises but commercial business down

New speaks as company slashes its costs by 15%

Read more here:: Insurance Business Online