Commercial Lines

Each year, the National Equipment Register and the National Insurance Crime Bureau track heavy equipment theft reports and compile a list of the most commonly stolen pieces of machinery. Here are the top 10.

Insurers and reinsurers will not be impacted by Standard & Poors U.S. sovereign rating downgrade, says the president of the Insurance Information Institute.

The National African-American Insurance Association will host its 13th annual national conference Sept. 28-30 at the Fairmount Turnberry Resort in Miami.

American International Group Inc. swung into the black with second quarter net income of $1.8 billion compared to a net loss of $2.7 billion for the second quarter a year ago.

Willis Group Holdings has eliminated approximately 600 positions so far this year as part of its operational review, leading to a second-quarter charge of $18 million and contributing to a 2 percent drop in net income.

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. says it acquired Group Benefits of Arkansas, LLC.