First, Hank Greenberg denied that he was “stealing” top talent from AIG and hiring them at his new company. (click herefor story) Greenberg asserted that AIG itself and government intervention ...  Read →  Read Story

Light winds bring good returns for Virginia-based Markel

A light hurricane season and improvements in its investment portfolio blew winds of good change for Markel Corp, which reported a diluted net income per share of $6.02 for the third quarter.  Read Story

Pa. ranks third in likelihood of auto-deer collisions

One in every 94 Pennsylvania motorists is likely to strike a deer in the next year, the third largest ratio in the United States according to new data by State Farm.  Read Story

CURE scores deal as official auto insurer of New Jersey Nets

Attendees of New Jersey Nets basketball games at the Izod Center in East Rutherford, N.J.,will get an eyeful of the team’s new official auto insurer: Citizens United Reciprocal Exchange (CURE) Auto Insurance.  Read Story

California woman arrested for claiming to be insurance agent

A woman who collected more than $5,000 in premiums from two San Fernando Valley, Calif., used car dealerships was arrested after it was learned she had no license to sell insurance.  Read Story

A Lanham, Md., family recently lost its appeal of a decision by Standard Fire Insurance Co. to not renew its homeowners coverage after three claims were filed on the policy.  Read Story

Benmosche admits frustration, says he is ‘totally committed’ to AIG

Reacting to “speculative media stories” about his possible departure from American International Group, CEO Robert H. Benmosche reassured the employees he is “totally committed” to the troubled insurer.  Read Story

PIA: Agents’ inclusion in House bill a plus, lingering concerns remain

While a national agents’ group is praising the House for including its members in comprehensive health insurance reform, it is also voicing concerns over other provisions of the bill.  Read Story

Primerica, New York-based subsidiary have ratings put under review

Primerica Life Insurance Co. and two of its subsidiaries had their ratings placed under review by A.M. Best with negative implications.  Read Story

Gov. Ed Rendell’s recent deal with unionized employees of Philadelphia’s Southeastern Pennsylvania Transportation Authority, brokered to end a paralyzing transit strike in the City of Brotherly Love, includes a provision ...  Read →  Read Story