Tag: American International Group

Bill Cosby’s insurance company is “despicable”, says the fallen celebrity

Marc
Bill Cosby’s insurance company - Bill Cosby's Star on the Hollywood Walk of Fame

AIG has allegedly settled a second lawsuit without the imprisoned comedian’s knowledge. Bill Cosby’s insurance company has, for the second time in a month, allegedly settled a lawsuit without the celebrity’s knowledge. Cosby is raging against the insurer, A.I.G., for continuing this practice without his being aware or consenting. The comedian once known as “America’s Dad” released a statement against AIG’s actions on his behalf. “A.I.G.’s conduct is despicable and I can only imagine how terribly they’re treating their policyholders, who don’t have my means and my resources,” said Cosby…

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Bill Cosby defamation lawsuit settled by insurance company, actor livid

H. Cutner
Bill Cosby defamation lawsuit - Bill Cosby

The suit was settled on Friday in a federal court without the actor’s knowledge, allege lawyers. A Bill Cosby defamation lawsuit filed by seven women against the actor was settled in federal court on Friday. According to the actor’s lawyers, this case was settled without Cosby’s knowledge. The lawyers accused A.I.G. of having resolved the case on the entertainer’s behalf without his knowing of the decisions made. The settlement was made on Friday in U.S. District Court in Massachusetts by the women’s attorney. The court documents for the Bill Cosby…

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Cyber insurance market grows by over a third last year

H. Cutner
computer keyboard cyber insurance market

A recently released Fitch Ratings report suggests that this digital coverage grew by 35 percent. A new Fitch Ratings report suggested that the cyber insurance market’s premium exposure, estimated to be $1.35 billion, is greater than predicted. Fitch pointed to natural obstacles to differentiating the cyber related premium from other forms of multi-line coverage products. High profile hacking cases making headlines are driving interest in the cyber insurance market. “Take-up rates for cyber insurance are increasing with frequent reports of computer hacking incidents, including: network intrusions and data theft, as…

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Two-tier insurance company capital standards proposed by Fed

Marc
Insurance company capital standards business financial skyscrapers

The concept is to treat exceptionally large firms differently from others within the industry. The Federal Reserve proposed new insurance company capital standards as a part of a two tiered system that had already been expected for the industry and that is expected to provide significant protection for the American economy. Within this system, major insurers are going to have different capital requirements applied to them. Prudential Financial Inc. and American International Group Inc. will both have different insurance company capital standards applied to them due to their size and…

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AIG crowdfunding insurance will be among the company’s next offerings

Julie Campbell
AIG Insurance company CEO - Building in Manhattan

In order to assuage the concerns of investors, this coverage will help to protect them from being ripped off by startups. The American International Group has now unveiled a new form of coverage and this AIG crowdfunding insurance is meant to provide a unique protection not to startups that are attempting to raise money, but actually to the investors who want to take a chance on them but who are afraid of being scammed or losing their investments. The New York based insurance company is now gearing up for the…

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