The insurance industry is split down the middle over whether to accept funds from the $700 billion federal bailout program, with life insurers intrigued by the idea, but property-casualty carriers

The $123 billion liquidity lifeline the federal government is providing to American International Group might not be enough to keep the company going given the credit crunch still hamstringing the

In comments at an international banking conference of international deposit insurers in Arlington, Va., yesterday, FDIC chairman Sheila Bair said that Congress is interested in a federal mechanism to

While there is plenty of blame to go around for the ongoing financial meltdown, two prime causes were unregulated insurance transactions by AIG in the form of credit default swaps, and a negligent

WASHINGTON--A majority of members of the American Insurance Association feel they are "well capitalized and well positioned" to deal with the current economic turmoil and don't plan to participate in t

The U.S. property-casualty industry's third-quarter statutory surplus may decline as much as 8 percent--down $42 billion--through the first three-quarters, according to Towers Perrin, citing insurer

American International Group Chairman and CEO Edward Liddy is warning that the $123 billion liquidity lifeline the federal government is providing might not be enough to keep the company going while i

American International Group today named Paula Rosput Reynolds, the former chairman and chief executive officer of Safeco, to oversee the asset sale needed to pay back its huge borrowings from the F