Maurice Greenberg, ex-chairman of American International Group, responded to AIG's $1 billion fiduciary misconduct action against him with a countersuit yesterday saying the firm's directors and manag

Wells Fargo Insurance Services of Minnesota Inc., a subsidiary of San Francisco-based Wells Fargo & Company, said it has acquired Virchow, Krause & Company, LLP's employee benefits operations in Minne

David Nason, assistant secretary of the Treasury for financial institutions, testified before a House subcommittee that it is important that the program, which provides a federal backup for insurers'

A Florida lawmaker, who has opposed the state's expanded role as a reinsurer, said regulators will probably not allow insurers to pass through the cost of additional reinsurance coverage beyond the st

If you think dealing with older insureds will be tough for auto insurers as reflexes, sight and hearing fail elderly drivers, imagine what challenges await workers' comp carriers as the Baby Boom gene

Although President Bush's representative made it clear he does not want to see the federal reinsurance backstop provided by the expiring Terrorism Risk Insurance Act extended for a decade, let alone m

Now that embattled CEO Mike Cherkasky has been shown the door, what's next for Marsh & McLennan Companies and its troubled Marsh brokerage? Will the new CEO have marching orders to break up the compan

Now that a key member of Congress has introduced a bill creating an interim Office of Insurance Information, does that make an optional federal charter inevitable? Not as long as the industry itself r