Personal Lines

A New York research group announced that a study has found banks with some insurance activity had 2008 median net income nearly 70 percent higher than banks without insurance involvement.

American International Group Chairman and Chief Executive Officer Edward Liddy told a congressional panel today he hopes AIG can repay all money owed the government within three-to-five years.

American International Group's game plan going forward is to establish "separate identities" for its "best businesses" and to shut down its financial products unit, company Chairman and CEO Edward Liddy is expected to tell a House panel tomorrow.

Property-casualty insurers will emerge from the recession with a distaste for equity investments and a renewed focus on underwriting, a leading insurance economist advised an industry group here.

Two groups have named prize winners for research on topics touching on insurance supply in developing economies, emerging market insurance strategies and Takaful insurers.

A new data aggregator estimated today that the insured loss from January's Windstorm Klaus that struck the heart of Europe was more than $2 billion, a lower figure than modelers have projected.