Former American International Group Chairman Maurice Greenberg has asked the current chairman Edward Liddy where a new, multisector, credit default swap financial venture got $35 billion in cash colla

WASHINGTON--The American Insurance Association in a letter sent yesterday to Congress said lawmakers must ensure money being given to companies under federal aid programs doesn't allow them to compete

James Mastowski, Jimcor chief executive officer, said in a statement, "With Jimcor's 20-plus years of placing excess and surplus lines business and Zaloom's broad experience with admitted carriers, we

In the letter, Rep. Elijah Cummings, D-Md., accused AIG of "disingenuous sleight of hand" by disavowing the payment of performance bonuses to senior execs in 2008, but then continuing to provide reten

Leaders of ProtectingAmerica.org, a group that has been campaigning for a federally backed national catastrophe program, said today they expect more success with the arrival of the Obama administratio

WASHINGTON--Rates charged homeowners and businesses by the National Flood Insurance Program are based on an outdated computer model that doesn't accurately reflect the risk of losses from flooding, the

"However, the losses may significantly impact the terrorism insurance market," he added. "It now seems that the hotels are insured against the peril of terrorism through the Indian terrorism pool, whi

New York State Insurance Superintendent Eric Dinallo and Antoine Mantel, France's insurance regulator, announced they have executed a memorandum of understanding allowing for closer cooperation betwee