A Florida lawmaker who voted to create the task force examining Citizens, the state's home insurer of last resort, urged participants at the group's first meeting to focus on business rather than poli

Meanwhile, a ranking Democratic senator demanded that "heads roll" in a continuing denunciation of AIG's lavishing a $440,000 outing on sales agents- days after the government first agreed to give the

The Mayfield Village, Ohio-based company said it had net realized losses of $1.04 billion on investments that included $1.1 billion securities write down. The losses included $548 million on preferre

Standard & Poor's Ratings Services said it has placed on CreditWatch with negative implications the ratings of 25 housing bond issues partially supported by guaranteed investment contracts (GICs) from

The company also discussed its holding in bankrupt Lehman Brothers, and other troubled companies. It said its Lehman investment was $38 million as of Sept. 15 or less than 0.7 percent of its total inv

Boston-based Celent announced the findings in a report--"Bad News on the Street: Insurance IT Strategy and the Financial Crisis"--which looks at the global financial crisis and what it means for insurer

The firm announced it expects a third quarter book value for its shares of from $21 to $22.50. Its estimate was as of Sept. 30. Total common share count on that date, was approximately 330.8 million t

The company said its new acquisition provides commercial property-casualty, workers' compensation, surety bonding, and risk management services primarily in the Northeast and specializes in construct