News

New York Attorney General Eric Schneiderman asked a federal judge to dismiss a lawsuit filed by American International Group Inc. against the states Department of Financial Services and its superintendent, Benjamin Lawsky, saying the insurer is trying to interfere with a government probe.

AIG has shrunk by half through a series of asset sales that ended this week with the divestiture of a plane-leasing unit.

Is an earthquake possibly caused by fracking covered? What is a thermal shock, and is it covered? This and more in the FC&S mailbag.

There were 5,537 watercraft thefts reported during 2013--a 6% decrease from the 5,870 thefts reported in 2012--according to a new report on watercraft theft and recoveries in the U.S. by the National Insurance Crime Bureau.

Farmers Insurance filed lawsuits last month against nearly 200 communities in the Chicago area for failing to prepare for flooding.

Delaware Insurance Commissioner Karen Weldin Stewart said in a statement that the state grew its number of captive insurers in 2013.