CFO Gallagher calls New York bid-rigging settlement insufficient for his

In New York a spokesman for Attorney General Eliot Spitzer, whose office first surfaced charges of bid-rigging and steering between commercial insurance brokers and carriers, said regarding Zurich "th

"Over the last decade the state has experienced a significant loss of insurance companies that were domesticated in New Hampshire. The loss of a domestic insurance company to another state takes reve

A report that The St. Paul Travelers Companies of St. Paul, Minn. is discussing the possibility of a merger with Switzerland's Zurich Financial Services could signal that the U.S. company is having di

Yesterday AIG filed a third restatement of earnings back to 2000, which followed internal accounting probes after investigators uncovered what they said was fraudulent accounting. The company reported

Washington--The House Financial Services Committee approved legislation establishing a national standard for customer data security yesterday with modifications designed to make it more palatable for i

Speaking at the Chartered Property Casualty Underwriters Society reinsurance forum yesterday in Philadelphia, the chief operating officer of a small mutual casualty company said that engineering a maj

American International Group, Inc. yesterday reported that 2005 fourth quarter net income fell by 72.5 percent, driven down by a $1.15 billion charge to settle accounting infractions and $1.82 billion