California's Insurance Commissioner said next month he will take regulatory steps against insurers with investments in firms with Iranian connections that could lower their capital and surplus levels.

American International Group, which has been under fire for its bonus distributions, said it has instituted a performance management system for employees' compensation.

Louisiana Insurance Commissioner Jim Donelon said he has denied a request by State Farm, the state's largest home insurer, for an average 19.1 percent rate hike.

Louisiana Insurance Commissioner Jim Donelon said he has denied a request by State Farm, the state's largest home insurer, for an average 19.1 percent rate hike.

Chartis Insurance in New York said it had provided a portion of the insurance coverage on the under-construction Kleen Energy power plant that exploded Sunday in Middletown, Conn.

The New York Insurance Department, in advance of releasing its new disclosure rules for the state's agents and brokers tomorrow, announced that they are fair to producers while protecting consumers.

Big personal auto insurers will be examining past auto accident claims involving Toyota vehicles for possible subrogation action, an insurance arbitration executive predicted, as Allstate said it has a case review underway.

A New York independent agent's association said last week that it plans to make good on a prior threat to file a lawsuit to block Empire State regulators from implementing new producer disclosure compensation rules.