Insurance News ME

AIG strengthens general insurance claims business

American International Group has consolidated its general insurance claims operations and named Charles Schader, its senior vice president of claims, to the newly created position of chief claims officer for general insurance.

Marsh Establishes Middle East Forensic Accounting, Claims Practice

Marsh announced from Dubai that it has established a Forensic Accounting and Claims Services (FACS) Practice for the Middle East and North Africa, which will be based in the city on the Persian Gulf.

Nigeria: Lagos Pays N3.8m Insurance Claim to Families of Slain LASTMA Officials

The Lagos State Government has disbursed N3, 871, 908 to six families of deceased members of Lagos State Transport Management Authourity (LASTMA) being a Group Life Assurance claims.

AIR Estimates Typhoon Wipha Insured Losses under $250 Million

AIR Worldwide Corporation estimates insured losses from both wind and precipitation-induced flooding from Typhoon Wipha (See IJ web site Sept. 18, 19) are unlikely to exceed $250 million (RMB 1.85 billion). "The estimate covers insured losses to property and contents for onshore properties," said the bulletin.