The company reported fourth-quarter net income of $801 million, down $262 million from the same period in 2007 when it reported net income of $1.06 billion. This translated into earnings per share of

NEW YORK--In a move toward developing a comprehensive credit default swap policy, a group of the nation's state legislators took testimony from experts, who urged putting swaps under state insurance

In separate statements, the companies said Iron-Starr Excess, domiciled in Bermuda, will initially focus on the production of excess financial and commercial lines insurance and reinsurance products

WASHINGTON--Timothy Geithner, a key player in the American International Group bailout arrangements, was sworn in as the nation's 75th Treasury secretary last night immediately after winning Senate

WASHINGTON--Timothy Geithner, a key player in the American International Group bailout arrangements, was sworn in as the nation's 75th Treasury secretary last night immediately after winning Senate

In September the Coalition surveyed a dozen states and other locales around the country, and it said the data revealed that drivers increasingly "are torching vehicles or sinking them in waterways,

While failures of risk management are being blamed by many for the financial crises in the banking industry, these issues did not "arise from a failure of risk management as a business discipline,"

Fourth-quarter 2008 appraisal values for collision and comprehensive losses were largely unchanged compared to the same period in 2007, according to a recent report from an auto damage estimating and