Clients will need to replace either Travelers or AIG, he said. He added that, up until Nov. 19, in order to allow for an orderly transition, "Travelers is prepared to absorb AIG's share of the co-sure

The new CEO comes to Liberty Northwest from Seattle-based Safeco Corp., where her career included numerous executive capacities, including field operations, field sales and vice president of Safeco's

Complex surgery and anesthesia went from an average of .9 treatments per claim in the 1996-1997 period to 1.5 in the 2002-2003 period--a 67 percent difference, said NCCI. The report said a comparison f

A.M. Best rating firm executives said that despite the impacts of recent hurricanes and the American International Group financial crisis, its outlook for the property-casualty insurance sector is sta

Florida Insurance Commissioner Kevin McCarty said today that opinions by trade groups and Treasury Secretary Henry Paulson that the financial difficulties of American International Group demonstrated

WASHINGTON--The nation's insurance commissioners meeting here asserted that state regulation has ensured the solvency of carriers including insurance subsidiaries of financially challenged American Int

WASHINGTON--American International Group shareholders will apparently get no say in the running of the company under the conditions of the loan the U.S. government is providing the company to help deal

Oracle has launched Oracle Insurance to help more than 2,000 insurance customers worldwide improve business agility through an end-to-end software offering that manages the entire enterprise--from