Koch Institute’s Seidel Joins Insurance Group AIA in Public Affairs Role

The American Insurance Association (AIA) said that Maggie Seidel has assumed the position of vice president for public affairs. In her role as vice president for public affairs, Seidel will lead AIA’s media relations and grassroots advocacy operations. Seidel has nearly a …

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AIG Shareholders Wait Their Turn

Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers,  Warren Buffett and even departing executives. Shareholders? Not so much. AIG shares have lost 1.6 percent since the day of the U.S. government rescue, compared with a …

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Some Firms Opt to Pay Hackers’ Ransoms, but Fail to Recover Data: Opinion

Behind the rise of ransomware lies the rise of Bitcoin, the virtual currency of choice for hacker blackmailers who steal huge amounts of sensitive data. That doesn’t mean Bitcoin is inherently to blame, but it does suggest that business has …

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BHSI Launches Casualty Platform; Leeks Named Head of Casualty, UK & S. Europe

Berkshire Hathaway Specialty Insurance (BHSI) is introducing public and products liability insurance in the UK, Ireland and Southern Europe, and employer’s liability insurance in the UK and Ireland, while naming Martin Leeks, senior vice president, Casualty, UK and Southern Europe. …

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Mass. Court Finds Defendant Guilty of Insurance Fraud in Car Accident Case

The Massachusetts Appeals Court has affirmed a lower court’s decision to charge the defendant in a case involving a Boston car accident with motor vehicle insurance fraud. However, the Appeals Court reversed the lower court’s decision to also charge the …

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Aetna Exits Delaware Health Insurance Marketplace for 2018

Aetna Inc. has informed the Delaware Department of Insurance that it will not participate in the health insurance marketplace in Delaware for 2018. As a main reason for its exit, Aetna cited an approximate $700 million loss for individual policies …

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Big ‘I’ Virtual University’s Boggs Gets Award for Reinsurance Research

Big “I” Virtual University Director Christopher “Chris” J. Boggs has received a prestigious award in London for a paper he and a group of industry professionals authored about the disconnect between information sought by reinsurers and information they commonly receive …

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