American International Group will pay a record $1.64 billion to settle state and federal charges of securities fraud, bid-rigging and failure to pay proper contributions to various state workers'

"This is not a decision we have taken lightly," said a Lloyd's representative, Thor Valdmanis. "But our discussions over the last six months have not produced any results, so this is the logical next

New federal governance and disclosure law creates more claims than it

Critical votes are scheduled this week in the U.S. Senate on proposed legislation creating a $140 billion trust fund to handle asbestos claims, with important segments of the insurance industry

Prices keep dropping for most lines and industries, as well as all buyer

A judge made permanent last week an order sought by American International Group to keep an insurance agency controlled by the carrier's former chairman, Maurice Greenberg, from approaching its

Insurance analysts believe shifts in capital will result in overall premium growth in 2006, although their predictions are more cautious than they were late last year, according to the Insurance

The Itasca, Ill.-based brokerage eliminated contingency commissions and in early May 2005 set up a $27 million settlement fund for clients. Those moves came in the wake of numerous regulatory