E&S/Specialty

American International Group said it has arranged to sell off 53 aircraft from its airplane leasing unit to an Australian banking and investment firm subsidiary for $1.987 billion.

The U.S. property and casualty industry showed signs of economic recovery in 2009, but profitability remained substantially off from what it experienced just prior to the economic meltdown, a report said.

Aon Global Insurance Managers, the captive management division of Aon Corporation, announced the launch of its group captive solutions practice, which will provide risk financing alternatives to Aon's middle-market clients.

Whether you're going under a surgeon's knife or hiring an attorney to take a business contract dispute to court, there are risks of unintended outcomes, but until recently you couldn't buy insurance to cover them.

It never rains, but it pours. The economy is not just sapping revenue from architects and engineers, it is increasing professional liability risk.

Not every new insurance idea is a roaring success out of the gate, but a change in delivery model helped jumpstart the success of one of NAS Insurance Services many specialty programs, the firm's leader reports.

During the past two years, the number of lawsuits against recreation and entertainment business venues has steadily risen. In today's struggling economy, even the smallest incident can result in a lawsuit.

MarketScout, the electronic insurance exchange, said its composite rate for U.S. property and casualty insurance coverage was down 4 percent in March.