Three Ohio pension funds have reached a $115 million settlement agreement with Maurice Greenberg, former CEO of American International Group (AIG), and three other company executives.

The guiding loss control philosophy that employees who are under less physical strain have a smaller chance of suffering a job-related injury helped INTEGRIS Health hold its workers' comp medical costs steady since 1998.

Three Ohio pension funds have reached a $115 million settlement agreement with Maurice Greenberg, AIG's former CEO, and three other company executives regarding charges of "anti-competitive practices."

California's top insurance regulator said he will "closely scrutinize" an anticipated request by insurers for a 22.8 percent hike in the benchmark rate for workers' compensation coverage.

New York Governor David Paterson has signed legislation extending the state's freeze on medical malpractice insurance rates for another year.

The sudden death of Michael Jackson might trigger one of the biggest event cancellation claims in the insurance industry's history.

Specialty insurer Markel Corporation reported second-quarter net income of $32.8 million, a 60 percent decrease from net income of $82.2 million in the comparable 2008 period.

Bond insurer Ambac Financial Group Inc. reported it had a second-quarter net loss of $2.4 billion, driven by loss expenses related to its residential mortgage-backed securities (RMBS) and other-than-temporary impairment investment losses.