WASHINGTON--A House oversight committee has asked American International Group to provide it with extensive materials related to the activities of the company's troubled Financial Products group over t

Barack Obama and John McCain don't see eye to eye on many areas, and insurance is no exception. Indeed, on at least two issues of critical importance to the industry and its policyholders--health care

WASHINGTON--The economic problems created by credit default swaps for American International Group and other firms is likely to result in federal regulation of the swaps market in general and insurance

Fitch Ratings warned today it is likely to reduce the ratings of European and U.S. insurers and global reinsurers because the global financial meltdown will soon force them to write down the value of

"Allianz's capital injection is an investment," Tom Marra, Hartford's president and chief operating officer, told NU in a phone interview. "They will have no board seats, no management oversight.

Despite the spirited and well-organized defense of state regulation in recent weeks displayed by National Association of Insurance Commissioners officials, the near failure of American International

Meanwhile, a ranking Democratic senator demanded that "heads roll" in a continuing denunciation of AIG's lavishing a $440,000 outing on sales agents- days after the government first agreed to give the

WASHINGTON--Former American International Group Chairman Maurice "Hank" Greenberg defended his stewardship of the company from afar yesterday, telling a House oversight committee in written testimony t