American International Group said today that despite the ongoing investigations by federal authorities, they know of no illegal activity by the company's controversial financial products unit.

Insurers facing eroding profitability and mounting losses are likely to continue listing charges related to impairments of intangible assets against earnings, a rating firm said today.

With an outbreak of the swine flu gaining steam in the United States and internationally, there are precautions organizations should consider, the Risk and Insurance Management Society said today.

Even as Americans try to find ways to reduce insurance costs, they are maintaining essential auto and homeowners coverages, according to an Insurance Research Council report.

Insurers can expect an impact from the hailstorm of rules and lawsuits related to changes in climate that have come on the scene, a legal expert advised during a Web conference.

Three members of the government panel appointed to oversee the taxpayers' investment in American International Group have been asked to brief the House Oversight and Government Reform Committee on details of the status of the financially troubled company.

The White House nominee to head the agency that runs the National Flood Insurance Program has told Congress he opposes adding windstorm coverage to the protection NFIP offers.

Insurers need to pay attention to the growing effects of climate change, Lloyd's said in a report today.