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AIG named Douglas M. Steenland as the insurers seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to CEO last year.

Maurice Hank Greenbergs Starr International and the U.S. filed a second set of post-trial papers in a lawsuit over the terms of the governments bailout of AIG, setting the stage for next months closing arguments.

Insurance industry leaders comment on the passing of former AIG CEO Robert Benmosche.

The combative former chief executive officer of American International Group led the insurer, once the worlds largest, to repay a $182.3 billion taxpayer bailout.

Ex-AIG Chairman Maurice Hank Greenberg said New Yorks pursuit of him through a decade-old fraud suit is a waste of taxpayer money, as the two sides prepare for a trial next month.

Most underwriting should be business as usual in the near term.

Deere & Co., the worlds largest manufacturer or agricultural machinery, agreed to sell its crop insurance segment to Farmers Mutual Hail Insurance Co. of Iowa, retreating from a business that suffered years of losses.

The U.S. government has grounds to demand that AIG pay any significant damages should Maurice Hank Greenberg win his $25 billion claim that federal officials shortchanged investors in the 2008 bailout of the insurer.