The Congressional Budget Office today released a report slashing its estimate of the government's cost of bailing out American International Group to $14 billion--a steep drop from its March estimate of $36 billion.

Although a total of 19 named storms formed, the extremely active hurricane season was a 'gentle giant' for the U.S. according to the NOAA.

For fiscal year 2010, the U.S. Equal Employment Opportunity Commission received nearly 100,000 new private sector charges of employment discrimination--a record high and a jump of 7 percent over 2009, the agency reported.

Medical professional liability insurers need to develop new capabilities to be profitable in a field that will experience several changes in the wake of health care reform, according to a new Conning Research study.

After nine months, U.S. property and casualty reinsurers saw net income rise to $6.27 billion, nearly five times what the same group of reinsurers recorded during the same time in 2009.

The aviation insurance market is showing signs of softening despite this year being on track as one of the costliest loss years in history, according to a report from Aon Risk Solutions.

Chicago-based insurance broker Hub International Limited said it has signed a definitive agreement to acquire the assets of Byars Thompson Buchanan Insurance & Financial Services, LLC (BTB).

Daytona Beach, Fla.-based insurance broker Brown & Brown said its subsidiary, Brown & Brown of Indiana, has acquired Mavum Consulting and Mavum Risk Management.