While voicing support for New York's regulatory initiative to improve contract certainty, the Risk and Insurance Management Society is seeking details on what penalties will be invoked for

AIG last week agreed to freeze distributions from a $600 million employee compensation and bonus pool, as well as severance and other payments promised to its former chief executive officer and the

The country's economic meltdown, fueled by a subprime mortgage crisis that prompted chaos on Wall Street and nearly destroyed American International Group, was the dominant topic of discussion at a

The U.S. property-casualty industry's third-quarter statutory surplus may decline as much as 8 percent--down $42 billion--through the first three-quarters, according to Towers Perrin, citing insurer

The Ohio Supreme Court, in a move that drew praise from insurance interests, ruled 6-1 that a 2004 state law requiring plaintiffs to submit medical proof of injury from asbestos exposure before their

American International Group Chairman and CEO Edward Liddy is warning that the $123 billion liquidity lifeline the federal government is providing might not be enough to keep the company going while i

The Hamilton, Bermuda-based company reported net income dropped $173.5 million to $33 million in the quarter compared to the same period last year, translating into 42 cents a share, a loss of $2.34 a

At a board of governors meeting Thursday, Sharon Binnun, Citizens' chief financial officer, said the company has about $500 million in troubled securities currently, with their current market value to