Personal Lines

American International Group, Inc. announced today that it has completed the sale of its AIG Private Bank Ltd. subsidiary, in a deal worth $308 million, to a subsidiary of Abu Dhabi-based Aabar Investments PJSC.

Catastrophe risks can expect to see double digit insurance premium increases through the rest of this year as underwriting capacity dwindles and the hurricane season approaches, an executive from Marsh said.

American International Group Inc. and Zurich Financial Services Group announced a $1.9 billion deal today for the sale of AIG's auto unit, 21st Century Insurance Group, to Zurich's Farmers Group Inc. subsidiary.

An investment bank analysis of the property-casualty insurance market finds that the outlook for this year is improving modestly but declines can be expected in earnings per share.

Independent agents feel the most important thing in their relationship with an insurer is good claims handling, according to a survey by and industry trade group.

The Consumer Price Index for auto insurance continued to climb along with costs for vehicle bodywork, according to the latest U.S. Department of Labor figures released today.

A House committee is demanding information on whether American International Group used government money to hire outside public relations help to wage campaigns against critics of the government bailout of AIG.

Had any unusual claims in the past few years? How did they turn out? Tell NU is asking readers for a special June 1 edition report. Contact Associate Editor Phil Gusman at [email protected] with your best war stories.