New York regulator plays down significance of inquiry
New York’s acting insurance superintendent Kermitt Brooks says a continued look at complaints that AIG is cutting insurance prices to an unprofitable level is routine, Dow Jones reports.
"We respond to complaints of this type routinely, and we have gotten some complaints," Brooks, said. "It is more of an examination. 'Investigation' has a negative connotation that is not appropriate here."
Edmund "Ted" Kelly, chief executive of Liberty Mutual has been a persistent critic of AIG's pricing practices. "AIG continues to be overly aggressive on pricing and terms," Kelly said during a March conference call. "But, of course, if you've got an implicit federal backstop, you can do that stuff."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
