The $139 million settlement, which will be paid by the liability insurance for the board members, is the largest cash settlement in such a derivative case, according to one of the plaintiff's attorneys.

New York's attorney general is dropping a claim for damages in a high-profile civil lawsuit accusing former AIG CEO Maurice "Hank" Greenberg, of defrauding investors.

Munich Re said it expects to deliver first quarter net profit of close to $1.3 billion, putting it on course to reach its full-year profit target.

Allstate, the largest publicly traded U.S home and auto insurer, has returned to the catastrophe bond market with a $250 million offering, five years after investors lost millions of dollars on a previous issue due to the collapse of Lehman Brothers.

American International Group Inc won a legal victory over where a mortgage fraud lawsuit it brought against Bank of America Corp should be heard, a two-year-old case that has largely been on hold because of the dispute over venue.

Rescuers struggled to reach a remote, rural corner of southwestern China on April 21 as the toll of the dead and missing from the country's worst earthquake in three years climbed to 208 with almost 1,000 serious injuries.

Victims of the Boston Marathon bombings will eventually win some kind of compensation, but it is far too early to know how much money there will be, whether private donors or insurers will provide most of it, and how long it might take to distribute.

Victims of the Boston Marathon bombings will eventually win some kind of compensation, but it is far too early to know how much money there will be, whether private donors or insurers will provide most of it, and how long it might take to distribute.