American International Group, Inc. announced today that it has completed the sale of its AIG Private Bank Ltd. subsidiary, in a deal worth $308 million, to a subsidiary of Abu Dhabi-based Aabar Investments PJSC.

Emerging risks and the current economic situation's impact will be among topics covered at the Risk and Insurance Management Society conference beginning Sunday.

Commercial property-casualty insurance market rates continue to show signs of stability as premium price reductions continue to moderate, according to a survey of major insurance brokers.

Catastrophe risks can expect to see double digit insurance premium increases through the rest of this year as underwriting capacity dwindles and the hurricane season approaches, an executive from Marsh said.

American International Group Inc. and Zurich Financial Services Group announced a $1.9 billion deal today for the sale of AIG's auto unit, 21st Century Insurance Group, to Zurich's Farmers Group Inc. subsidiary.

NU Assistant Managing Editor Caroline McDonald observes that as a result of company layoffs some organizations are sending fewer employees to conferences. Add comments and view other discussions at www.NoRiskZone.com .

Most readers responding to NU's latest online poll say Eliot Spitzer's views on our financial crisis have no value following his exit in disgrace from government, Editor In Chief Sam Friedman begs to differ in his blog today at www.NUSamSoapBox.com.

Fort Worth, Texas-based insurance broker Higginbotham & Associates said it has acquired Key & Piskuran Insurance Agency, LLC, of Arlington, Texas. Financial terms were not released.