News reports citing Chinese papers noted that China Life president Wan Feng spoke of the quality of AIG's insurance business in Asia at a recent media briefing. Mr. Feng also said AIG's insurance busi

GRAPEVINE, TEXAS--Final details remain to be put in place, but the nation's insurance regulators, after nearly a decade of study, have adopted a "conceptual framework" to modify the 100 percent collate

American International Group's commercial insurance carriers are not holding onto business by engaging in aggressive price-cutting that is prolonging the property-casualty soft market, as some major

Lawmakers must ensure that money being doled out to companies under federal bailout programs doesn't give them an unfair competitive advantage over firms not taking U.S. Treasury funds, the American

At the same time, James Lee Witt--a co-chair of the group and the Federal Emergency Management Agency director in the Clinton administration--sought to tamp down speculation he would be returning to

After announcements that American International Group had adopted voluntary restrictions on executive compensation that eliminate management bonuses this year, a Maryland congressman is demanding

Rates charged to homeowners and businesses by the National Flood Insurance Program are based on an outdated computer model that doesn't accurately reflect the risk of loss, according to the

The role of risk managers has never been more important than it is today, and they become heroes in the current economic environment, said Joe Plumeri, chairman and chief executive officer of Willis G