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The most prolific headline-generator by far this year was AIG, which struggled to regain its credibility and repay its debt to taxpayers after a massive federal bailout.

A New York Workers' Compensation Board (WCB) spokesman said WCB's $405 million civil fraud lawsuit against Bermuda-based CRM Holdings Ltd., as the administrator of six self-insured trusts is not affected by N.Y. Attorney General's action.

Even though securities suits related to the Madoff Ponzi scheme and the credit crisis trailed off in third-quarter 2009, financial firms were still the leading type of company sued with one-third of the cases filed, a research firm reported.

New York Attorney General Andrew Cuomo announced the creation today of a new system that will establish more objective rates for the nation's health insurers to charge for out-of-network medical treatment.

Producers' acceptance of contingent commissions from insurers is "a clear conflict," but the controversial practice is unlikely to be banned unless more clients object to it.

Former New York Insurance Superintendent Eric Dinallo, speaking at an industry conference, said he believes producers' acceptance of contingent commissions from insurers is "a clear conflict."

Eric Dinallo, New York's former insurance superintendent, has filed papers to position himself for a possible Democratic primary run for New York State Attorney General.

Federal authorities clashed publicly with Maurice Greenberg over the significance of his agreement to pay $15 million in settling charges of fraudulent accounting while he headed up American International Group.