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Detroits proposal to exit its record municipal bankruptcy by paying retirees more than bond investors will cause serious mayhem, an attorney for the plans opponents told a judge.

Detroits proposal to exit its record municipal bankruptcy by paying retirees more than bond investors will cause serious mayhem, an attorney for the plans opponents told a judge.

The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said today.

The worst reinsurance market in memory looks set to carry into 2015, industry executives said.

A claimant needs some extra cash and decides that insurance fraud is the answer, so he stages a collision or just enhances the damage to his car caused by an actual impact and tries to cash in on the loss. But how can you tell the difference?

A claimant needs some extra cash and decides that insurance fraud is the answer, so he stages a collision or just enhances the damage to his car caused by an actual impact and tries to cash in on the loss. But how can you tell the difference?