News

C.V. Starr & Company, the insurance entity headed by Maurice Greenberg, the former boss of American International Group, strongly denied that Mr. Greenberg's new firm is busy looting staff from AIG.

An explosion at Caribbean Petroleum Corporation's Bayamon oil storage and refinery facility in Puerto Rico destroyed 18 of the facility's 40 storage tanks and shattered the windows of nearby buildings and vehicles

A proposal to allow the Treasury Department to enter into "international agreements" on solvency measures is drawing strong objections from state insurance regulators

Reversing a downward trend, the frequency of medical malpractice claims against hospitals is rising, an insurance brokerage and risk management group has found.

The movement toward stronger enterprise-wide risk management (ERM) practices following the 2008 financial crisis has continued gathering steam among insurers and reinsurers this year, according to a new study.

Any legislation creating a Federal Insurance Office will include a strong role for the Treasury Department in negotiating international insurance agreements, the leadership of the House Financial Services Committee made clear.