Commercial Lines

AIG says its P&C insurance business in Canada will operate as AIG Insurance Company of Canada.

A.M. Best Co. says it does not expect a significant number of rating actions, while Moodys Rating Service says the event is credit negative for insurers.

Hazardous chemical operations should carry insurance for a worst-case scenario, an industry consultant has testified before Congress in outlining a host of critical issues exposed by the West Fertilizer plant explosion in April.

Commercial underwriters are less optimistic about their future than they were 10 years ago.

The tragic loss of 19 firefighters in Arizona reminds us that in our battle against the elements, there are always casualties.

Insurers have so far fielded over 70,000 claims costing $687.9 million from the tornadoes that hounded Oklahoma in May.