There was no discrepancy between American International Group's chief executive approving an expedited payment of bonuses and his remarks that he was unhappy with them, a company spokesperson said yesterday.

A.I.G. said a number of its executives who work outside the United States for its troubled Financial Products unit have returned bonuses that have drawn criticism from U.S. and state officials.

Do the recent clashes between Washington and AIG make federal regulation of insurance more likely than before the bailout? Click to http://www.property-casualty.com to answer this week's National Underwriter online poll.

Numerous insurers reported substantial losses stemming from Ohio's Feb. 11-12, 2009 windstorm as well as the Ike-related gusts, and some preliminary figures are now in.

Two men who committed arson got burned by lengthy prison sentences.

Connecticut State Attorney General Richard Blumenthal yesterday announced that Federal Reserve Chairman Ben Bernanke was wrong when he said Connecticut law prevented him from attempting to recoup American International Group bonus monies.

The closer a carrier's relationships with its independent agents, the more business they send its way, according to a J.D. Power and Associates satisfaction survey.

Florida's government-dominated insurance system needs reform because its current system makes the state less safe and increases the log-term costs to taxpayers, a study by a free market think tank has concluded.