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14 Jan 2010, 1:43 am
In the recent case of Leung Chee Kuen Carol Macrady v American International Assurance Co (Bermuda) Ltd [2009] HKEC 1826, the court was asked to consider whether the insurance company AIA had wrongfully terminated its relationship with the plaintiff.The plaintiff joined AIA as an insurance agent in 2002 after signing a Letter of Understanding and a Career Representative's Contract with AIA (collectively the "Contract"). [read post]
21 Aug 2024, 7:24 pm
On a different topic, the use of prescription weight loss drugs remains low but is rising, as many support health insurance companies covering the cost of these drugs. [read post]
22 Apr 2011, 9:14 am
On April 6, 2011, the Oregon Court of Appeals ruled that American Family Mutual Insurance Company (“American Family”) had no duty to defend its insured where the underlying complaint alleged only damage to the insured’s work and did not allege resulting property damage, such as water damage to other building components, that would have been covered by the policy. [read post]
15 Oct 2013, 1:57 pm
Maryland’s rule is consistent with the general weight of authority in the country that under the “American agency system,” the agent is the owner of expirations upon termination of the insurance agency relationship, particularly when such ownership is provided for by contract. [read post]
21 Nov 2010, 11:42 pm
Directors and officers can expect their company’s D&O insurance policy to provide them with a claim defense, but only for claims against them for actions made while they are acting in an "insured capacity. [read post]
14 Sep 2008, 9:05 pm
The American International Group, the giant insurance company potentially facing billions of dollars in losses, is planning a major restructuring effort and a sale of its aircraft leasing business and other units, a person briefed on the company’s strategy said on Sunday. [read post]
16 Apr 2007, 1:17 am
According to the article, within the Triad, companies such as BB&T, GMAC Insurance Co., Hanesbrands and Reynolds American Inc. are among the public companies with women as general counsel. [read post]
16 Nov 2017, 12:58 pm
Tickets to the upcoming December release of “Star Wars Episode VIII: The Last Jedi” will be a hot item, but employees of Westminster American Insurance Company don’t have to worry about finding a seat. [read post]
21 Oct 2008, 8:28 am
Juan Carlos Quiroga, a spokesman for ABA, further asserted that the organization was aware of numerous instances in which purchasers of insurance from foreign insurers were left without recourse because the foreign insurers were not registered with or subject to the fiscal regulation of the Bolivian insurance authority.The Bolivian insurance authority also released a list foreign companies that it asserts had… [read post]
23 Apr 2011, 5:17 am
In American Modern Home Insurance Company v. [read post]
8 May 2017, 1:15 pm
This means that your state could allow insurance companies to charge you more money if you have a pre-existing condition like autism, depression, bipolar disease, etc. [read post]
8 Aug 2022, 1:00 am
Types of Insurance Policies First, let’s look at common insurance policies and when they are used Most Americans have at least three insurance policies: homeowner’s, medical, and automobile. [read post]
18 Jun 2012, 3:24 am
The company with the worst complaint record among the largest auto insurers is Old American County Mutual, which had an index nearly four times the state average. [read post]
10 Jan 2019, 1:51 pm
In a speech before the American Council of Life Insurers (ACLI) Executive Roundtable on January 9, 2019, Federal Reserve Vice-Chairman Randal Quarles, further defined the FRB’s approach to implement regulatory capital requirements for insurance holding companies that include a bank. [read post]
20 Jul 2011, 2:31 am
Driver notifies its insurance company, and from there on in, the insurance company is in charge. [read post]
2 Aug 2012, 9:36 am
Prudential is the second largest life insurance company in the US to stop selling long term care insurance policies. [read post]
3 Oct 2016, 7:13 am
Houston [ 1st Dist.], Aug. 30, 2016), Illinois-based National Accident Insurance Group and National Accident Insurance Underwriters (collectively, “NAIU”) entered into an underwriting agreement with Texas-based American National Insurance Corporation (“ANICO”) that authorized NAIU to sell and collect premiums for ANICO insurance policies in exchange for a percentage of the associated profits. [read post]
8 May 2009, 12:00 pm
American International Group's top executive in Asia is retiring this week, but that doesn't mean he's leaving the insurance company's payroll. [read post]
14 Jul 2010, 3:10 am
American International Group saw its shares jump almost 7 percent Tuesday following a report that the company was leaning toward an initial public offering of its Asian life insurance business. [read post]
17 Sep 2008, 5:37 pm
As a practical matter, yesterday's historic $85 billion bailout of insurance company American International Group (AIG) is regarded by many as a necessary action to prevent more widespread damage to the economy. [read post]
