News

Cecil Pearce to take over helm at Florida Insurance Council.

American International Group (AIG) reported a 2010 second quarter net loss of $2.7 billion, which the company said was primarily due to a $3.3 billion goodwill impairment charge.

Greg Bunner of Cherryville, N.C., and Kuriko Tsukiyama of Bogota, N.J., captured the boys and girls divisions in the 42nd annual Trusted Choice Big "I" National Championship golf tournament held recently in Chesterfield, N.J.

July property and casualty rates declined an average of 3 percent compared to last year at the same time due in part to favorable midyear reinsruance terms, according to MarketScout.

Catastrophe losses drove a 17.9 percent, or $48 million decline in Liberty Mutual Group's 2010 second quarter net income compared to a year ago.

Florida's top insurance regulator vowed to do more financial reviews of the state's insurers like the ones his office performed at the start the of the year.