AIG CEO Robert Benmosche is under heavy fire from a senior Maryland Democratic congressman after comparing the intense criticism of bonus payments made in 2009 to AIG Financial Products executives to the lynching of blacks during the civil rights battles of several decades ago.

Aon said it has named CEOs of its reinsurance and risk management businesses.

More than a million homeowners living in older houses along the coastlines and riverbanks of the United States are being jolted by federal flood insurance rate hikes under a law passed in the wake of devastating storms.

Workers compensation insurer Eastern Insurance Holdings is being purchased by ProAssurance Corp. for about $205 million, the companies said.

Trv announces agreements with five P&C insurers.

Trv announces agreements with five P&C insurers.

The majority of insurance customers are more knowledgeable about their favorite television shows than about their insurance policy, shows a 2013 poll conducted by Nationwide Insurance.

Willis North America said it appointed Eric Joost, the unit's chief executive of specialty practices, as chief operating officer.