A New York judge has ruled that an American International Group subsidiary must immediately pay for the legal defense of Princeton University trustees who were sued for misusing a foundation endowment

The comments by William Berkley, president and chief executive officer of W.R. Berkley Corporation were made at an exploratory meeting of the Senate Finance Committee, which is seeking to ensure compa

A State Farm spokesperson, May Martinez Hendershot, said the firm is "disappointed with the court's decision and we are exploring our legal options. We believe the bill review process we used is in co

Addressing the Association of Professional Insurance Woman here, Gregory C. Case, president and chief executive officer of the Chicago-based Aon, said that demand for insurance is "going through the r

"The United States remains one of the few industrialized countries without a national catastrophe plan," said Commissioner Kevin McCarty, speaking at the National Association of Insurance Commissioner

The firm said payers experiencing higher costs attributed inflation to higher utilization, physician prescribing behavior, the over-use of pain medications, e.g., Oxycontin and Actiq, off-label use to

Property-casualty insurance industry net income for the first half of this year hit a record $32.6 billion, but price decreases are beginning to show signs of affecting its future strength, two indust

The firm said its Retakaful branch in Kuala Lumpur offers general retakaful (as an alternative to non-life reinsurance) and family retakaful (as an alternative to life reinsurance) that complies with