There is a good chance H1N1 flu virus will mutate and come back to the United States as a killer strain in the fall, experts convened by an insurance brokerage advised today.

In response to the New York insurance superintendent's inquiry into its derivatives activities prompted by its CEO's recent op-ed article, Allstate has provided an affidavit showing that it has been operating with full knowledge and approval of the state.

If it is looking to make a deal to raise capital, Hartford Financial Services Group could sell its property-casualty insurance operations for up to $9 billion, according to a UBS analysis issued after reports the company is shopping the property.

A survey of offshore firms that perform property-casualty insurance company functions finds they are expecting U.S. firms to send them more work providing first contact with claimants, as well as additional actuarial support.

American International Group said last week that despite the ongoing investigations by federal authorities, they know of no illegal activity by the company's controversial financial products unit.

As the U.S. population continues to age, risk managers and their comp insurers can expect to face continuing increases in long-lasting and recurrent workplace injuries, driving up drug expenditures to treat them, according to an expert in the field.

Financially troubled American International Group, which is due to report its results next Thursday, has filed an amended annual report revealing that Chief Executive Edward Liddy received $460,411 in benefits last year.

A legal expert examining insurance implications from possible swine flu impact said under some circumstances business interruption policies may provide coverage.