Deal was voluntarily accepted by AIG's board, former CEO Robert Willumstad says,because the insurer didn't have a handle on its cash requirements and underestimated the amount of money it needed.
The dollar rose to its strongest level in seven years against the yen, boosted by signs of strength in the U.S. economy as the Federal Reserve considers when to raised interest rates for the first time since 2006.
Carriers are limited by staff size and consumer pushback when underwriting cyber policies, but still expect high growth for the cyber market in 2015, survey reports.
Federal Reserve policy makers are missing a key element as they assess the health of the labor market: data that includes whether those who are employed are overqualified for their job or would like to work more hours.
Sears Holdings Corp.s Kmart discount chain said it will provide customers with free credit monitoring as it investigates a computer-hacker breach detected last week.