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A Decatur, Illinois, independent insurance agent has pled guilty to charges that he defrauded his clients of more than $250,000 from February 2011 to July 2016.

The number of AIG employees fell by 15 percent to 56,400 as of Dec. 31, New York-based AIG said yesterday in a regulatory filing.

Greenberg has spent years faulting regulators, his successors and others for the decline of AIG.

Maurice 'Hank' Greenberg admitted to participating and approving two fraudulent reinsurance deals as part of a settlement over a decade-old fraud lawsuit

The California Supreme Court upheld a state regulation governing the way insurers estimate home replacement costs.

Third Point Reinsurance Ltd. likened the risk of mergers and acquisitions to picking a spouse without being aware of how much can go wrong.

The courtroom drama of the AIG fraud trial continued with a third day of testimony by former chairman Hank Greenberg.

Questions in the AIG fraud trial on Sept. 28 for Hank Greenberg, former CEO of AIG, focused on what he knew about an alleged sham transaction and when he knew it.