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Global Business
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WOODLAND HILLS, Calif.—Anthem Blue Cross of California President and General Manager Leslie Margolin has resigned more than two years after taking the helm, the insurer’s parent company confirmed Tuesday. Read more: |
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Global Business
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WASHINGTON—The Department of Labor next year will conduct a survey on how employees are using the Family and Medical Leave Act, Labor Secretary Hilda Solis announced Tuesday. Read more: |
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Global Business
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WASHINGTON—President Barack Obama has once again nominated Joshua Gotbaum to be director of the Pension Benefit Guaranty Corp. Read more: |
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Global Business
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Securities litigation rose sharply in the second quarter this year, reversing a first-quarter decline and returning to the trend of recent years, according to an analysis. Read more: |
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Global Business
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NEW YORK—New York state has approved a workers compensation loss cost rate increase that averages 7.7%, the New York Compensation Insurance Rating Board said. Read more: |
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Global Business
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HONG KONG (Bloomberg)—Mark Tucker, who was named head of American International Group Inc.'s main Asia division, told staff that he plans to triple the unit's value to $100 billion, according to a person with knowledge of his remarks. Read more: |
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Global Business
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LONDON—Fitch Ratings Inc. has affirmed its A+ rating on the Lloyd’s of London market but said 2010 likely will be a more challenging year for the market than 2009. Read more: |
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Global Business
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DAYTONA BEACH, Fla.—Brown & Brown Inc.'s net income for the first half of 2010 dropped about 3.8% to $85.3 million from first-half 2009, the Daytona Beach, Fla.-based broker announced after the close of trading Monday. Read more: |
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Global Business
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NEW YORK (Bloomberg)—Robert Benmosche, the American International Group Inc. CEO who replaced the head of the insurer's main Asia unit, said the change was needed to prepare for the division's initial public offering. Read more: |
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Global Business
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Commercial property/casualty insurance rates dropped an average of 6.4% during the second quarter this year, according to the Council of Insurance Agents & Brokers’ “Commercial P/C Market Index Survey” released Monday. Read more: |
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Global Business
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DORKING, England—Unum Group said Monday that it has named Jack McGarry as president and CEO of Unum U.K. Read more: |
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Global Business
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HONG KONG—Jason Sadler, previously managing director of HSBC Holdings P.L.C., has been named head of CIGNA International’s health, life and accident operations in Hong Kong, CIGNA Corp. said Monday. Read more: |
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Global Business
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BUENOS AIRES, Argentina—Lloyd’s of London insurance group Chaucer Holdings P.L.C. said Monday that it has opened an office in Buenos Aires, Argentina, offering facultative property coverage through syndicate 1084. Read more: |
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Global Business
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HONG KONG--American International Group Inc. reportedly has named Mark Tucker CEO of American International Assurance, AIG’s Asian life insurance unit. Read more: |
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Global Business
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IT IS TIME to change the regulations so plan sponsors can readily offer to put part of their 401(k) plan's assets into annuities. Read more: |
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Global Business
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Brokerage revenue grew slightly for French brokerage Gras Savoye & Cie last year despite a soft insurance market and a global economy trying to recover from the financial crisis. Read more: |
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Global Business
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Risk Strategies Co., Seitlin, Robertson Ryan & Associates Inc., SilverStone Group Inc., Rose & Kiernan Inc., Sitzmann Morris & Lavis Inc., Schif, Kreidler-Shell Inc., Starkweather & Shepley Insurance Brokerage Inc. Read more: |
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Global Business
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STANDARD COMMISSIONS: Calculated as a percentage of the premium charged by the insurer, usually negotiated between the agent or broker and insurer. Read more: |
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Global Business
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Old National Insurance, Precept Group, Oswald Cos. & Affiliates, Propel Insurance, PSA Financial Center & Affiliates, RJF Agencies Inc., Parker, Smith & Feek Inc., Regions Insurance Group Inc., Payne Financial Group Inc. Read more: |
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Global Business
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Sulliva nCurtisMonroe Insurance Services L.L.C., Wells Fargo Insurance Services Inc., T&H Group Inc., Western States Insurance, Trion Group Inc. dba Trion, Willis Group Holdings P.L.C., USI Holdings Corp., Woodruff-Sawyer & Co., Van Gilder Insurance Corp. Read more: |
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