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Insurance-industry executives need to involve themselves more in the rule-making process as regulations and laws develop, since changing rules afterward is a difficult process, a former New York State regulator says.

Lawyers for Maurice Hank Greenberg, former chairman and CEO of AIG, argue in a court filing that the Federal Reserve Board did not have unlimited powers when it moved to aid AIG in late 2008, and that some of its actions breached its duty to AIG shareholders.

Lawyers for Maurice Hank Greenberg, former chairman and CEO of AIG, argue in a court filing that the Federal Reserve Board did not have unlimited powers when it moved to aid AIG in late 2008, and that some of its actions breached its duty to AIG shareholders.

Insurance rates are on the rise, but the pace of increases is not the same across the board, and some lines that showed aggressive upward momentum earlier are beginning to slow, according to an analysts report.

Insurance rates are on the rise, but the pace of increases is not the same across the board, and some lines that showed aggressive upward momentum earlier are beginning to slow, according to an analysts report.

American International Group will pay a total of $146.5 million to states to settle a probe that examined whether the insurer violated premium-reporting rules governing workers compensation insurance.