Agency Management

The leader of an insurance industry organization responded to a National Underwriter opinion piece, authored by a university professor, calling for greater transparency in homeowners insurance.

American International Group Inc. said that Robert H. Benmosche, its president and chief executive officer, has been diagnosed with cancer and is undergoing aggressive chemotherapy.

Sedgwick Claims Management Services Inc. and Factual Photo Inc. announced an agreement that the operations of Factual Photo will be acquired by a subsidiary of Sedgwick CMS.

Iowa Insurance Commissioner Susan E. Voss was named to become the next president of the National Association of Insurance Commissioners during its recent meeting in Orlando, Fla.

Maurice "Hank" Greenberg denied any wrongdoing and was roundly critical of a New York State judge's decision finding the former American International Group chief executive liable for a scheme to hide losses.

A hurricane and a typhoon produced significant damage and deaths over the weekend, but insurance losses are expected to be negligible.