Progressive reported income dropped more than $900 million in the third quarter on more than $1 billion in investment losses, a result the Mayfield Village, Ohio-based company's chief executive called

Mr. Greenberg, currently chairman and CEO of C.V. Starr, had been lobbying AIG's senior management for weeks to renegotiate the terms of the government's original $85 billion bailout loan to charge le

The current financial crisis has placed a greater emphasis on the need for insurance companies to implement an enterprise risk management strategy. As a result, rating agencies, such as S&P, Moody's,

The vast majority of state insurance departments require Web site improvements to effectively arm consumers with the necessary information to make intelligent auto and homeowners insurance decisions,

The poll of 1,000 people sponsored by the Chubb Group of Insurance Companies in Warren, N.J., found that more than four in 10 respondents were worried that the current economic environment can expose

The alarm for risk managers was sounded by Anderson Kill & Olick, which noted a recent consulting firm survey that found 71 percent of AIG corporate insurance customers intend to get quotes from compe

"We disagree with Moody's approach to capital modeling for mortgage-related losses, particularly its 'stress on stress' methodology, Jay Brown, chief executive officer for the Armonk, N.Y-based compan

Referring to financial conditions that have battered the marketplace, Liberty Chairman, President and Chief Executive Officer Edmund F. Kelly said management was not cheering, but was pleased given wh