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| Search 1) News For: Lability Insurance Former Charlotte insurance CEO discusses AIG With the news that the federal government has agreed to an emergency loan to prop up troubled insurer American International Group, a former insurance company CEO-turned-business school dean on offered his insight on the industry. Terry Broderick, dean of the McColl School of Business at Queens University, worked 30 years with Royal & Sun Alliance USA, the last two as chief ... Suncorp, Insurance Australia Say They Have No Exposure to AIG Sept. 17 -- Suncorp-Metway Ltd ., Australia's third-largest general insurer, and Insurance Australia Group Ltd., the nation's biggest insurer of cars and houses, said they are not exposed to American International Group Inc. Insurance commissioner: AIG's Florida units remains solvent Florida Insurance Commissioner Kevin McCarty, seeking to allay consumer concerns, this morning said all of American International Group's 46 insurance subsidiaries operating in Florida remain solvent and urged policyholders to continue to pay their premiums. AIG: It's much more than insurance firm After World War II, a far-flung insurance company in China run by an American businessman took a risky bet insuring that about 20 boats filled with Americans would make it back to the United States. Wyncrest Group, Inc. Today Announces Target Acquisition of Offshore Insurance Company Wyncrest Group, Inc. Pink Sheets:WYCT today announces target acquisition of offshore insurance company has been initiated with a letter of Intent LOI. Wyncrest Group is proceeding with its strategy of procuring niche offshore services that will provide insurance with less expense than domestic insurers. AIG GENERAL INSURANCE MALAYSIA IS STRONG AS EVER KUALA LUMPUR, Sept 17 Bernama -- AIG General Insurance Malaysia Bhd, a subsidiary of the American International Group Inc, today assured all its customers and policyholders that it was unaffected by the ongoing financial issues in the United States. The chief executive officer of AIG General Insurance, Brad M.Bennett said, policies underwritten by the company are direct ... AIG customers shouldn't panic, Florida Insurance commissioner says TALLAHASSEE -- Florida customers of insurance giant AIG shouldn't panic, despite unsettling headlines generated by the latest Wall Street crisis,... Florida loosens rules on backup storm insurance Florida loosened its rules on the sale of backup hurricane insurance by foreign companies Tuesday in hopes of eventually lowering premium rates for consumers, even though that's unlikely in the... Fed acts to rescue insurance giant NEW YORK -- The Federal Reserve forged an extraordinary $85 billion rescue Tuesday night of insurance giant American International Group, offering a respite from two days of chaos in the American financial system. The move came hours after the Fed resisted a cut in interest rates to buoy Wall Street, which staged a slight rebound anyway from Monday's biggest point drop in the Dow Jones ... Fla. Loosens Rules On Backup Storm Insurance TALLAHASSEE, Fla. -- Florida is loosening up its rules on the sale of backup hurricane insurance by foreign companies, in the hopes of eventually lowering premium rates for consumers -- even though that's unlikely in the short term. |