American International Group is reducing its stock buybacks to bulk up its capital as part of its efforts to transition to federal oversight as a systemically significant financial institution, President and CEO Robert Benmosche acknowledged today.

Massachusetts Commissioner of Insurance Joseph G. Murphy has reached an agreement with Geico resolving what the DOI said were inconsistencies in Geicos reporting of accident information to state agencies and policyholders.

The run of agent and broker monthly employment gains that began in June 2013 ended in March, as the subsector shed 200 jobs during that month, according to an analysis of the latest BLS figures.

More than half the U.S. population lives in coastal areas that are increasingly vulnerable to the effects of climate change, which will ripple throughout the U.S. economy, a White House advisory groups report concluded.

'D' grade given in customer experience management, highest grade given to distributor loyalty and effectiveness

In March, MarketScouts Market Barometer showed that rate increases picked up steam ever so slightly to plus-3%, but in April, a multitude of factors caused rates to moderate again to plus-2%.

Marsh & McLennan President and CEO Dan Glaser says he anticipated a pretty tough year for Guy Carpenter given challenges in the reinsurance market overall, but adds the business is "a true Jewel" for MMC.

Stakeholders seeking reauthorization of the Terrorism Risk Insurance Act are holding an emergency meeting today to discuss next steps in the wake of an alarming draft House bill that would effectively phase out the program over three years.