A member of AIG's Chartis Group incurs hefty penalty for claims processing errors, license violations and other infractions.

The National Association of Mutual Insurance Companies praised New York Governor Andrew Cuomo for his call to reform the states workers compensation insurance system, with the goal of bringing savings to businesses and competition to the marketplace.

The insurance industry faces an uphill battle in court as a recent poll found that the majority of people hold a bias against insurers and, as jurors, would be more likely to support an individual suing a carrier.

Claims from the devastating 2011 Joplin, Mo., tornado that wiped out more than 7,000 structures and took 161 lives are closing in on the $2 billion mark close to two years after the event.

Claims from the devastating 2011 Joplin, Mo., tornado that wiped out more than 7,000 structures and took 161 lives are closing in on the $2 billion mark close to two years after the event.

Legislation aimed at streamlining repayment of funds to Medicare when the program pays claims later covered by private insurers has finally been enacted into law.

Legislation aimed at streamlining repayment of funds to Medicare when the program pays claims later covered by private insurers has finally been enacted into law.

To achieve growth in what is shaping up to be a challenging 2013, insurers must recognize obstacles in the coming year and identify both the threats and opportunities they present, a recent Deloitte report says.