Policy adminstration

After receiving a non-binding letter of intent (LOI) that provided for the completion of due diligence and the preparation of definitive documentation on or before Feb. 13, 2009, Penn Treaty will extend the exclusivity period to February 28.

Kathy Davenport is the first woman president.

AIG is fully cooperating with a U.K. fraud probe, while it puts several pieces of property on the block.

Sent to the Senate for a final vote, the latest provisions are more liberal than the previous Senate version’s.

The policy "performs especially well in short-pay, highly funded, cash value accumulation scenarios," the company says.

Study suggests insurers establish an efficient risk-based compliance culture throughout their enterprise, or risk the consequences.

Serving as acting CIO since October 2008, Mark Esposito now will take ownership of IT strategy across all business segments of The Hartford’s life operations.

The impending amendments offer adaptable insurers strategic advantages from the resulting structure, says a Conning Research study.

Brad Gow will head a nationwide team in delivering professional liability protection to markets including engineering, media, technology, real estate and specified professions.

The estate tax exemption rose 75% this year and, as a result, is impacting peoples' views on second-to-die life insurance.

Top executive announces resignation on the heels of poor financial results.

Quarterly report from brokerage well received on Wall Street despite revenue decline.

The insurer said in November that it would acquire troubled Bonifay Holding Co. Inc. to qualify for TARP assistance, but still has not heard from the Treasury about its application.

Paul Blume will focus on state government relations in his new role with the Property Casualty Insurers Association of America (PCIAA).

Seeking to address systemic risk, reps say they will soon introduce legislation to create national insurance regulator.

The new course is intended for employees new to the insurance industry who need quick understanding of how their company's products serve customers.

The bill includes $3 billion in "jump start" funds to the Office of the National Coordinator for Health Information Technology to rapidly disseminate grants and loans to increase I.T. adoption.

A source says the auto insurance business is expected to fetch about $2 billion.

Report says investments in automation and Web services are key to improving profitability.

A report by the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP) says assets the federal government received from AIG plan were valued at only $14.8 billion.