(NCOIL) – New York State Senator James Seward has been named president of the National Conference of Insurance Legislators (NCOIL). NCOIL is an organization of state legislators whose main area of public policy interest is insurance legislation and regulation. Most legislators active in NCOIL either chair or are members of the committees responsible for insurance […]

AIG names Peter Eastwood president and chief executive of its unit Lexington Insurance NEW YORK (AP) – Embattled insurer American International Group Inc. said Tuesday it named Peter Eastwood president and chief executive of a subsidiary, Lexington Insurance Co. Lexington Insurance is a unit of AIG’s commercial insurance business. Eastwood replaced Kevin Kelley, who left […]

TIRANA, Albania – American Reserve Life Insurance Company has agreed to buy 61 percent of Albania’s state-owned insurance company Insig for euro25 million ($32 million), the country’s Finance Ministry said in a statement Tuesday. The Dallas-based company won an international tender against nine other bidders and is in the last technical negotiations with Albanian authorities […]

(Maryland Insurance Administration) – The Maryland Insurance Administration is hosting of two international interns from China through the National Association of Insurance Commissioner (NAIC)’s International Internship Program. From the China Insurance Regulatory Commission, Yan Dong of the Finance and Accounting Division in Beijing and Jin (Janet) Dai, the assistant director of Property Insurance Division in […]

(INDYSTAR) – The Indiana Department of Insurance on Monday took control of a troubled Indianapolis-based health insurer and made plans to help policyholders get coverage from another company. About 6,500 people — a third of them in Indiana — have plans with Medical Savings Insurance Co. and will have the opportunity to switch to comparable […]