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WASHINGTON--Marc Racicot, American Insurance Association president and chief executive officer, is resigning his position as of February 2009, and will be replaced by AIA Chief Operating Officer Leigh

Catastrophes and declining investments led to a 194 percent loss in third quarter net income at Allstate Corp., but the company's chief executive said it could have been much worse if the company had

"Allianz's capital injection is an investment," Tom Marra, Hartford's president and chief operating officer, told NU in a phone interview. "They will have no board seats, no management oversight.

The rating action follows The Hartford's announcement of $2.2 billion in expected third-quarter net realized investment losses, as well as a $915 million write-down of deferred acquisition costs and T

The rating action follows The Hartford's announcement of $2.2 billion in expected third-quarter net realized investment losses, as well as a $915 million write-down of deferred acquisition costs and T

Rating agencies A.M. Best Co. and Standard & Poor's have revised their outlook on The Hartford Financial Services Group after the company received a $2.5 billion cash infusion from competitor Allianz

Softening market conditions and a rise in attritional claims cut the pre-tax profit of Lloyd's in half for the first six months of this year--down to ?949 million (about $1.88 billion at current

While 68 percent of risk managers are "very confident" or "somewhat confident" in American International Group's financial security following the $85 billion federal bailout of its corporate parent,