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Maurice "Hank" Greenberg, the former chief executive of American International Group, said the executives who recently received bonuses do not deserve them because they lost money for the company.
Swiss Re totaling up the damage from 2008 said yesterday it was one of the worst years for catastrophe losses with more than 240,500 lost lives and $52.5 billion paid in property claims.
Evaluating a corporation's risk exposure during this time of economic upheaval can not only save money but could also mean the difference between surviving and not, according to experts at Marsh.
Treasury Secretary Tim Geithner said late yesterday that his agency is working with the Department of Justice to determine "what avenues" can be used to recoup taxpayer dollars used to pay AIG executive bonuses.
A Hanamalu, Kauai married couple will be trading in warm rays and Hawaiian sunsets for the depressing glare of fluorescent jail-cell lighting after perpetrating insurance fraud.
VERTEX, Inc., a provider of services and software to the insurance and financial services industries, has announced the release of a strategic upgrade to its VTXml product suite, which produces and
Supporters and opponents of a federal role for insurers used their appearances at a congressional hearing on American International Group's bonus payments to reiterate their views today on a proposed optional federal insurance charter.
The 2009 hurricane season will see three hurricanes impacting the U.S. coast, compared with four that arrived last year, and a lower total number of named storms, according to an AccuWeather.com early forecast.
The Government Accountability Office and Pennsylvania insurance commissioner told Congress today that there is no evidence American International Group is engaged in predatory pricing of its property-casualty business.
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