The officers of the National Conference of Insurance Legislators said a National Association of Insurance Commissioners coordination proposal would weaken state authority.

American International Group has paid back about $62 billion of its $183 billion debt to the government, but whether it can repay the full amount remains uncertain, an official study concluded last week.

American International Group has paid back about $62 billion of its $183 billion debt to the government, but whether it can repay the full amount is unclear, a government study said yesterday.

Producers should be able to collect annuity sales commissions even when they have not recommended the transactions, insurance industry commenters say.

Hartford Financial Services Group Inc. posted a first quarter net income loss of $1.2 billion and said it will respond to the economic downturn by curtailing international sales and changing its variable annuities.

Former American International Group Chairman Maurice Greenberg has asked the current chairman Edward Liddy where a new, multisector, credit default swap financial venture got $35 billion in cash colla

"As life expectancy increases, the percentage of workers' lives spent in retirement continues to grow, while the number of working years stays relatively constant," the AAA, Washington, says in the

Charlotte, N.C.-based Bank of America Corp. is acquiring the Balboa Insurance Group as part of the deal announced today to acquire Countrywide Financial Corp., Calabasas, Calif., in a $4 billion stock