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American International Group Inc. said it had an agreement to sell American Life Insurance Company to MetLife Inc. for approximately $15.5 billion.

American International Group Inc. said it had an agreement to sell American Life Insurance Company to MetLife Inc. for approximately $15.5 billion.

AIR Worldwide catastrophe risk modeling firm said the latest picture of earthquake damage in Chile's hardest-hit regions reveals that business interruption will be significantly extended.

Extended disruption of commerce and construction material shortages will inflate the multibillion-dollar cost of rebuilding Chile's quake-damaged areas, said Risk Management Solutions.

An early catastrophe modeling firm estimate puts the insured loss from the Chile earthquake at up to $2 billion.

An early catastrophe modeling firm estimate puts the economic damage from the Chile earthquake at a staggering $30 billion.

An early catastrophe modeling firm estimate puts the insured loss from the Chile earthquake as exceeding $2 billion.

InVEST has awarded $60,000 in scholarships to 52 college-bound students pursuing insurance-related degrees. InVEST also named Ralph Gray from East Hartford High School in East Hartford, Conn., Teacher of the Year. The Dach Award, which honors an