AIG last week revealed the institutions to which it paid some $120 billion in taxpayer bailout money to settle controversial derivatives trades, announcing it now sees use of such money should be public.

Risk Management Solutions, the Newark, Calif.-based catastrophe modeling firm, announced that Philippe Stephan has been appointed to the newly created post of chief technology officer.

Insurers seeking business with the tech-savvy Generation Y group should consider contacting this entrepreneurial segment at an early age about group and commercial insurance, according to a consulting firm.

A $400 million bond issue offering by Marsh & McLennan Companies Inc., the parent firm of Marsh insurance brokerage, has been rated "Baa2" (adequate).

The Independent Insurance Agents & Brokers of America announced its upcoming Young Agents Breakfast & Presidents' Panel in Washington will feature a discussion with insurance executives on the state of their industry.

Anti-fraud groups are slamming a budget-cutting scenario put out by Florida Department of Financial Services that would eliminate all seven of the state's insurance fraud prosecutors.

As the current economic turmoil leads to an escalation of lawsuits against directors and officers, one expert is warning that a new variety of D&O liability claims may be created related to government bailout efforts.

There is little if any risk of an intense hurricane striking New York City and flood hazard maps are flawed when it comes to predicting the potential risk for flooding in the city, a catastrophe modeler declared at a conference here.