In the view of many, the problem with AIG until recently was that it was driven by imperious personality. That problem was solved by the forced departure of Hank Greenberg by now-discredited ex-New York Attorney General Eliot Spitzer. However, with the arrival of Bob Benmosche as CEO, big personality is back.
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The American Worker Plans, working with LifeStrive and the Allstate Workplace Division, have begun national marketing of an innovative program of wellness coupled with critical illness or cancer protection. Under this program, you can offer a group package of critical illness or cancer plans, inclusive of a preventive care benefit, … Investment returns are likely to be better in the second quarter than in the first, and weather-related catastrophe losses are “just a bit above the typical second-quarter’s result,” estimated Edward Shields of Sandler O’Neill & Partners. He expects “a fairly positive” second quarter except possibly in one area - the … WASHINGTON (Dow Jones)–The insurance industry is seeking changes to legislation to create the new Consumer Financial Protection Agency that would prevent insurers from being swept into the agency’s purview. Three-quarters of U.S. consumers prefer buying insurance products through agents and other trusted sources, but younger and higher-income consumers are more inclined to purchase products via the Web than through an agent and are more inclined to switch insurers, according to findings of a survey of more than 1,000 U.S. … Our favorite insurance technology-related blog posts from around the Web (May 3-9, 2009): WASHINGTON (Dow Jones)–Chief executives of the U.S. property-casualty insurance sector rejected proposals for the industry to receive federal bailout funds, a stark contrast to lobbying efforts by life insurance carriers to obtain access. With all of the various channels for buying insurance these days, insurance agents have a lot of competition. Are insurance agents slowly being phased out by other methods of purchasing insurance? A new JD Power and Associates report sheds some interesting light on the matter. The New York State Department of Insurance -insurance companies that underwrite in New York State. Mercuy Insurance was rated number 1 (best) for the least upheld complaints reported per business volume. … University of Utah College of Engineering researchers have developed a technology that prevents teenagers from talking on cell phones or sending text messages while driving. This technology blocks the driver from using a cell phone when the automobile ignition key is inserted into the automobile’s ignition system.Since studies have proven … |
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