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AIG, Benmosche and the Vindication of Hank Greenberg

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.

Innovative, No Cost To Employer Wellness Program

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, …

US P/C Insurers See Small Improvements In 2Q

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 …

Insurance Groups Seek To Escape Regulation Under New Agency

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.
Thirteen insurance trade groups, in a letter to key lawmakers, asked to exclude mortgage, title and credit insurance from the agency’s …

Honor Roll: This Week’s Top Insurance Blogs (June 28-July 4)

Our favorite insurance technology-related blog posts from around the Web (June 28-July 4, 2009):

New York State and Insurance Regulation

Introduction:
Recently, there is much talk in the news about regulating the insurance industry at the federal level. This recent activity has been sparked by the current credit card account defaults, bank closures and financial institution failures. The AIG situation and this past fall financial melt-down has also pushed the consideration for federal regulation. Although AIG’s [...]

Honor Roll: This Week’s Top Insurance Blogs (May 10-16)

Our favorite insurance technology-related blog posts from around the Web (May 10-16, 2009):

Honor Roll: This Week’s Top Insurance Blogs (May 3-9)

Our favorite insurance technology-related blog posts from around the Web (May 3-9, 2009):

The Hanover Gets Upgrade, Despite Lower Q1 Earnings

Despite first-quarter profits being dragged dawn by winter storm claims, The Hanover Insurance Group Inc. earned its third ratings upgrade in 15 months, the Worcester, Mass.-based multi-regional …

New Jersey Senate Tackles Two More Insurance Bills

The New Jersey Senate’s Commerce Committee is in the midst of vetting two key bills that would have significant impact on the Garden State’s insurance industry.

One bill would create a create …