C.V. Starr & Company--headed by Maurice Greenberg, the former boss of American International Group--strongly denied that the managing general underwriter is busy looting staff from AIG.

Dealing with the risks from sea piracy, cyber crime and climate change, will require vision, pragmatism and the collaboration of the public and private sectors, Lloyd's chief executive said.

State regulators, legislators and even a consumer advocate group expressed alarm last week over efforts in Congress to usurp some insurance oversight power, warning that federal lawmakers are going too far in preempting local authority over the industry.

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While the economic crisis has created a homeowners' insurance affordability problem for consumers, a residence left vacant could create homeowner policy gaps, according to a report issued by the IIABA's Virtual University.

Aon Corp. reported 2009 third-quarter net income attributable to Aon stockholders of $120 million, a 3 percent increase over 2008 third-quarter, but the brokerage also saw revenue decline 2 percent in the quarter to $1.81 billion.

Homeowners insurance rates for Citizens Property Insurance Corp., Florida's insurer of last resort, will rise an average of 5.4 percent, the state's Office of Insurance Regulation announced.

XL Capital Ltd. reported a 2009 third-quarter net loss available to ordinary shareholders of $11.4 million, significantly less than the 2008 third-quarter net loss of $1.6 billion.