The only real way to test the effectiveness of an organization's enterprise risk management system is with real-life disasters, and on that score, property-casualty insurers passed with flying colors in 2008, according to analysts.

The World Health Organization declared today that swine flu H1N1 virus is now a full-fledged pandemic leading an insurance brokerage to warn businesses they must be ready to cope with its effects.

Travelers Institute will serve as a forum to further public policy dialogue on matters related to the property and casualty insurance and financial services industries.

A lack of electronic integration between firms performing workers' compensation bill review and medical management operations may be costing businesses millions, a consultant said.

A majority of large insurers in a survey said they are planning to expand internationally within the next 12 months despite the ongoing economic turmoil.

American International Group's New York headquarters tower and a nearby AIG skyscraper have been bought by the investment and development firm Youngwoo & Associates (YWA) and a Korean bank, a brokerage firm said.

Texas Gov. Rick Perry said he plans to call the legislature back into session to finish some unfinished business that included the reauthorization of the state's Department of Insurance.

American International Group said it has closed the sale of its interest in reinsurer Transatlantic Holdings, Inc., reducing its holdings in the company to 14 percent and netting the New York-based insurer $1.14 billion.