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AIG agreed to pay $725 million to Ohio and Florida public pension plan funds in a securities class-action settlement to resolve bid-rigging allegations that the funds said had negatively impacted the company's value.
The vast majority of insurance brokers in the United Kingdom rate speed of policy issuance and underwriting decisions as key criteria in their choice of insurance partner, according to a survey conducted by Celent.
The following are a few examples of workers' compensation fraud committed by New Yorkers in 2010, according to the New York Alliance Against Insurance Fraud.
The House leadership pulled a bill off of the floor before a vote could be taken on legislation that would add windstorm coverage to the National Flood Insurance Program (NFIP).
The extent of damage and insurance industry losses from the BP Gulf of Mexico oil spill disaster is still unknown, but an industry environmental coverage expert said insurers should use the event to create new coverages rather than exclusions.
A federal probe into whether state insurance regulators are overstepping their authority when it comes to risk retention groups is being hailed by a national self-insurance group.
Arbitration Forums, a provider of arbitration and subrogation services, is expanding its web-based communication, document and claim management system to eight new states next month.
The Chubb Corporation reported 2010 second-quarter net income of $518 million, a 6 percent decline from 2009 second-quarter net income of $551 million.
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