In the parlance that weather-guessers would use in describing the situation, the outlook for long-term reauthorization of a federal backstop for terrorism risk insurance in its present form is cloudy, and that is being optimistic.

A federal judge has cleared for trial a claim by former AIG executive Maurice Hank Greenberg that the U.S. government acted inappropriately when it took control of AIG in September 2008.

Members of Congress are pressuring the CMS to accelerate implementation of a law aimed at speeding claims settlements that require CMS approval.

Incoming American International Group CEO Peter Hancock indicated yesterday as he took the helm that he is confident longtime AIG executives will decide to remain with the company.

The changing of the guard occurs as AIG reports strong Q2 earnings that beat estimates.

American International Group has agreed to settle for $970 million a lawsuit that accused the company of misleading investors about its financial condition in the mid-2000s.

A spate of air crashes throughout the world has made the first seven months of this year the worst period for the aviation insurance industry since 2001, but the line has been profitable in recent years.

When dealing with Superstorm Sandy claim delays, a key problem was the lack of available flood-insurance adjusters, an industry official said. A N.J. senator, though, says the entire claims process is "tilted against homeowners."