Commercial Lines

Nearly two-thirds of insurers plan to increase IT budgets to focus on core replacement and modernization

In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, damage to property and environmental clean up?

In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, damage to property and environmental clean up?

American International Group Chairman Steve Miller says in an interview with Bloomberg Television that the company's reputation has improved since repaying the government and that AIG now has "tremendous momentum."

Insurers who do not outsource currently are not planning to turn to external partners this year.

Mortgage insurer MGIC Investment Corp posted a smaller-than-expected quarterly loss as fewer U.S. homeowners defaulted in a recovering housing market.