New York Attorney General Andrew Cuomo announced yesterday that employees of American International Group have agreed to return $50 million of the $165 million controversial bonus money the company paid out.

Tony Ursano has been named chief executive officer of Willis Capital Markets and Advisory Services, the London-based insurance brokerage Willis Group Holdings announced today.

Treasury Secretary Tim Geithner and Federal Reserve Board Chairman Ben Bernanke today both told Congress their agencies examined suits to stop payment of the bonuses to American International Group's Financial Products Group but backed off.

The latest government Consumer Price Index figures show increases for components that impact accident, auto and home claims, the Insurance Information Institute said.

Westfield Group in Westfield, Ohio, announced that Ed Largent has been selected as chief administrative officer and Stuart Rosenberg as chief technology officer.

It's time for independent agencies that do an outstanding job selling insurance and providing risk management services for their clients to prepare their entries for NU's "Commercial Insurance Agency Of The Year" award program.

AIG last week revealed the institutions to which it paid some $120 billion in taxpayer bailout money to settle controversial derivatives trades, announcing it now sees use of such money should be public.

Risk Management Solutions, the Newark, Calif.-based catastrophe modeling firm, announced that Philippe Stephan has been appointed to the newly created post of chief technology officer.