News

European insurers are financially robust and unlikely to require injections of fresh capital, barring an Italian sovereign default or break-up of the single currency area, analysts said.

While legislators were expected to get answers today on measurements the Financial Stability Oversight Council will use in designating insurers as systemically significant, Treasury Secretary Timothy Geithner says a meeting next week will offer clarity on that issue.

While legislators were expected to get answers today on measurements the Financial Stability Oversight Council will use in designating insurers as systemically significant, Treasury Secretary Timothy Geithner says a meeting next week will offer clarity on that issue.

A federal court judge has preliminarily approved a $725 million settlement agreement announced more than a year ago to resolve a securities class-action lawsuit between American International Group Inc. and Ohio and Florida public pension plan funds.

According to a report from the Florida Office of Insurance Regulation, medical-malpractice insurers saw their seventh consecutive year of profitability in 2010.

Insurance carriers understand that there are no easy answers to the earnings challenge the industry is facing, and some of them believe that competing on price alone is not the answer to finding new commercial markets.