Another name change for AIG's commercial and property-casualty sector, now going under the title "AIU Holdings," may be in the works.

Robert D. Graham, the former General Re Corp. attorney convicted in a scheme to manipulate American International Group financial statements, was sentenced in federal court today.

California's insurance commissioner followed a hearing on a request by workers' compensation insurers for a 23.7 rate increase yesterday by announcing he will hold another session on June 8 to question carrier medical costs.

As the United States recorded its first swine flu death, insurance brokerages were offering recommendations on moves businesses and other organizations should make, and one firm said actions now are "critical" to deal with the epidemic.

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

The dollar value of merger and acquisition activity for the U.S. property-casualty sector grew last year by just under $2.7 million, but for all types of insurers worldwide the monetary worth of mergers declined, a consulting firm reported.

The Florida House on Friday night approved and sent to the Senate a measure designed to beef up the finances of the state-created home insurer of last resort and the Florida Hurricane Catastrophe Fund.

Following the announcement that Farmers Group Inc. had purchased 21st Century Insurance for $1.9 billion earlier this month, Farmers' chief executive suggested that major job cuts are not in the cards for the new acquisition.