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American International Group Inc. (AIG) has named several executives to positions within the new AIG Commercial Insurance Group, formerly known as the Domestic Brokerage group, part of its reorganizat
In its decision concerning a commercial policy covering a small New Orleans apartment extensively damaged by Hurricane Katrina, the high court overturned a finding by the 4th Circuit Court of Appeal t
The New York-based company said the change reflects "the increasing power of AIG's corporate brand, while providing its customers, shareholders and regulators with a clearer view of AIG's U.S. and Can
Ms. Amoroso said that changing demographics with respect to both the workforce and customer base are posing new challenges for the insurance industry, and companies must be willing to adapt their stra
An insurer trade group today assailed the New York legislature for approving an increased assessment on carriers domiciled in the state that totals $40 million--or what the group says amounts to a 20 p
Corporate risk managers are the beneficiaries of a market with continually falling insurance rates, in the largest quarterly drop since 2005, according to the RIMS Benchmark Survey of policy renewal p
The XL Re unit of Bermuda-based XL Capital Ltd announced plans to serve the Brazilian reinsurance market as both a local and admitted reinsurer.XL Re ...
A Pennsylvania law firm said it has filed a prospective shareholders class action in federal court against mortgage insurer PMI Group, accusing the management of hiding its deteriorating financial pic
Mark Behrens, an attorney with the Shook, Hardy & Bacon law firm, said the ruling is especially significant because "the California Supreme court has been a leader in developing American tort law." He
Hull, a subsidiary of Daytona Beach, Fla.-based insurance broker Brown & Brown Inc., said Big Sky Underwriters was founded in 1955 and produces just over $2.2 million in revenue annually. The MGA writ
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