News

American International Group cut its fourth-quarter net loss by 86 percent over the same period in 2008, reporting it reduced its net loss by $54 billion.

The findings of a recent Allstate Foundation study suggest that girls are racing ahead of boys in their need for speed and "aggressive" driving behavior.

Social media outlets are a new marketing channel that insurers need to take advantage of, even though marketers are struggling to find out how best to leverage the new services in their favor, according to Mintel Corporation.

Chubb Corporation announced it has increased its quarterly dividend by 5.7 percent to 37 cents a share, a 2 cent increase.

The Travelers Companies Inc. and its private foundation, the Travelers Foundation, said its 2009 charitable contributions totaled nearly $19 million in community support across the country.

A bill, with language supplied by an insurance trade group, to deregulate insurance rates for some commercial lines excluding those exposed to catastrophic risk, has been introduced in the Florida Senate.